If the EZ bails out everyone, gold goes up. If they don’t and panic ensues, gold goes up. Let me be frank, I do not like gold bugs. As a point in fact, they irritate me. Nevertheless, during the month of November, gold and silver outperform. There are certain seasonality trends that are worth paying attention to, such as long FFIV in October.
I warned you to avoid gold and silver during the month of October, due to binding magic that forces those stocks to trade lower in October. But the hex is lifted in November and it is time to revisit the parlour in which JAKEGINT drinks himself to sleep every night, through the explicit purchase of gold and silver.
Already, I’ve deployed 10% of my assets to EXK. I intend to buy or consider buying AG and EGO.
As for EXK, it’s been up in 4 of the past 5 Novembers for an average return of 23.65%. The GDX has been up 4 of the past 5 years for an average return of 10.7%.
Look, I’m having a hard time getting long or short. I am long TLT, VXX, TZA, GSVC, EXK, WNR (sold 75% of my position yesterday) and short EXH. I am studying a number of interesting food and beverage names, hoping to buy them on dips. But gold and silver is unique, in that it is favored by both longs and shorts.
In my estimation, gold and silver stocks are the only longs worth pursuing, at this point in time.
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FIG
(Fly is Golden)
Nice call Fly….How much are you leg pressing lately? Oh check out STEC for a 40% trade…
But what about redemptions in Hedge Funds? Man Group is talking about a move up possibly into the end of the year. Won’t they have to sell their precious gold to raise money for payouts?
I’m already in @65% of the port with GDX, and SLV. Also, holding 10% FCX and waiting for Santa.
Fly hoovering up Silver and Gold like Pizarro up in this bitch!
Fuck Pizzaro, like Cortez the Killer!
He came dancin’ across the water-way… Cortez, Cortez…
_________
PPT down? Or is it just me?
just you
knew it.
Monsieur Le Fly, as you proceed with your website upgrade I respectfully note that an unkind soul might make fun of your image so this might be a prudent time to consider an update.
From the color, and poor fit on the fingers, your “model” seems to be wearing examination glove (nonsterile). He is also in a white open-neck jacket, probably a labcoat (also nonsterile). You certainly enjoy dismembering others but a gentleman must always attend to his appearance in public.
If we want to get a job done right, all too often we have to do it ourselves. One attractive avenue is (a) book a vasectomy, (b) ask to take a photo prior to the procedure, then (c) tell the doctor to fuck off and cut somebody else’s scrotum.
Uh oh, someone’s getting banned.
Reader, there’s a reason all President-Generals where collared uniforms too (so mutinous or treasonous lessers can’t slit throats).
I agree on gold rise because when it moves, it doesn’t stop until new roofs or foundations.
Interesting comment about uniform collars. It’s the same reason the noble’s chairs in castles had high backs – to prevent the underlings from sneaking up behind and cutting the nobles throats.
It’s all about hidden chambers, peep holes and secrets.
Modernly, Immelt’s & Tony Blairs write books about how they banged their partner’s wife and their daughter for a sports car. Then “spread prosperity” to people strangled under the necessary evil – inflation – by outsourcing and governmental takeovers.
“May you live in interesting times.” – Chinese Proverb.
Lies, all lies!
Well, last night the English Clam was told he should look outside of the box vs QEing everyone. Tonight we have the Australian CPI data, if its weaker the RBA has already hinted that they will drop rates, fwiw.
Well, yeah, the English Clam also went weak on other sources of possible QE vs just their bonds..but bottomline, english clam is less of a threat.
how many kinds of clams are out there ???
About 100 of them, here is the list http://www.bis.org/cbanks.htm
Possibility of EU resolution strengthens with Norway considering investments from their gigundo{NOK 3500 billion} Norwegian Oil Fund. Wish I had a better inkling about China.
I’ve been trading using your general theses + my version of technical analysis and doing quite well over the last few months. Thanks brosef.
If you need a technical analyst intern give me a call
tell us what you know first before we will take you as our intern …
I saw a new infomercial “How to destroy your company by Reed Hastings.” only 3 easy payments of Netflix shares for $999.. correction 5 easy payments.. correction 10 easy payments for $999, $950, new price cut! $777! ACT now!
Our advice will destroy your company in 6 months or less, guaranteed!
Reed Hastings is having a bonfire, bring your own money and netflix shares to burn!
I picked up some G today with my S-tsx proceeds.
wow GMCR!! nice move
GMCR is going the way of survivorman….the way of the Grizzly.
Anybody know what time tomorrow are they making a statement regarding the meeting? Will it be before market open or after?
Merkel starts the ball when she goes in front of her parliament on Wednesday morning ( about 3am est), followed by a 90-minute debate and then a vote on the resolution by the full parliament. After the vote…she goes to Brussels for an evening of meetings with leaders from the 17 euro-zone countries and the entire 27 European Union members. Which means we could news around 10PM their time or about 5pm est.
I thought Merkel is going on a date with Sarkozy !!!
NO WAY, rofl, after he called her indirectly fat, by questioning her second helping of Cheese, he has been on her Hate List, love to see them together..if looks can kill.
Added to my gold with OSK – tsx.
Let me guess?? Today’s action Is good for the bulls..(seems everything is good for the bulls!!!!!!)BS
I am SO pissed off with all you analyst that High Ball the Build in Oil Inventories at the API and EIA week after week. We are not importing the oil, so are inventories are down..SO STOP GIVING US UP NUMBERS..thank you.
it is tumbling towards the close, WTF ,,,
Amzn 190 puts hell yeah
The thing that pisses me off about netflix is that the concept is really good. It is cheap, the product seems tailor made for a recession, and it gives good customer satisfaction, plus the infrastructure is already in place.
It should be a great investment.
Other than the fact that gold has been up in the month of November 4 out of past 5 years (statistics like that are meaningless, but that’s another argument), I don’t see what has changed from a few weeks ago.
We all have an idea of what will happen with EZ, just uncertain about the degree of how bad it will be. Look at what happened when we had the first round of panic, people were not fleeing to gold and silver, quite the opposite. I don’t see how it is a win-win.