Despite today’s “risk on” trade, I still like my TLT position. I am pleased to see my WNR/AG/EXK positions go up, even at the expense of my ZSL. However, I cannot get motivated whilst the head of the IMF is sharing a cell with a purse snatcher.
In all seriousness, I’d prefer not to discuss European debt or American politics. Let’s just see things for what they are: commodity related stocks, as well as the underlying commodities, have been poleaxed. You don’t “v-shape” higher, following sharp declines. I am predicting a slow/tedious tape from now until September.
Position accordingly.
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Yeah buddy!
dude… alllllllllllllll the way back in 2008 the whole market got poleaxed .. u remember, dont u? what was that recovery like?
caveman!
Chivo
We are in 2011 and the dow is not at 6,000
up 3.9% fcx bot yesterday.
Pullback be nice MOC
Crude slayer
Dropped my hedges yesterday (except TLT) and everything is going up today, especially FXI. OpEx weeek I expect a slow grind higher.
Whiplash coming. :O)
Maybe, but my wnr is growing as we speak. Doubling down at 14.65 yesterday is looking right.
September ? why not october
Senor Fly. What’s ur take on this WNR chatter? I bought 30k deltas expecting a pop, its coming back but I’m ready to bail here @ 15.35.
I’m out calls @ 15.50
15.71 arghhh
if it trades thru 16 im gonna cut a bitch
start cuttin beotch. lol.
hay hay hay
I agree with The Real Fly, Woodshedder’s post late last night; and Alphadawg, who is accumulating gold;
even Louise Yamada said recently that precious metals need to consolidate after a big run-up before the next leg up. I’m not expecting much either down or up; long SIL, GDX, GDXJ, JAG,EXK, PAAS, ANV, PAL, JJC, JJG, USCI, ENY, FCG in energy and commodities.
gold to 6500.and silver to 600,less than an 18 month time frame. period.
any thoughts on linkdin? ipo set tomarrow, co. is profitable. but doubled business last year,
ment
isnt profitable