Done with the Metals

Whether I am early or exactly on time, it doesn’t matter. I have decided to take profits on my precious metal trades, based upon the laws of the rubberband. I still hold a minor position in EXK. However, with the majority of the proceeds, I went to cash. Speaking of which, my cash position is now 25%. Although I did nibble on some OPEN, ARO and PSUN, my cash horde is so much more impressive. You should see me now, marching on top of millions, ripping out vertebrae for sport.

On the subject of spines, BORN is scheduled to report earnings today. I have no idea what the numbers will look like. However, I do know Chinese people drink a lot. And, I do know that wealth creation correlates well with beverage consumption, so does rural to urban migration. All of these trends are in favor of BORN annihilating numbers. However, they’re Chinese, so who knows?

Since my last post, the shares of CCME erased a 15% deficit and are now up 3%.

Bottom line: “The Fly” is rotating, as planned. He endeavors to outstrip you in every sense of the word. Bet against him, lose your house, kids and ability to maintain an erection. Fuckers.