I was always an ardent supporter of the precious metal trade. It made sense, especially when central banks across the globe printed money with reckless abandon. However, let’s be clear about a few things.
1. There isn’t any inflation, only asset reflation.
2. Central banks are able to control the price of gold and have demonstrated such prowess for hundreds of years.
Thirdly, the bastard Tea Party lost the election and are now getting the business from the demented lunatics on the leftside of wacky. All that aside, even if gold went straight up, how safe are those mines in Africa? Are you telling me they won’t be nationalized?
Here’s what I know to be true: a dog is a dog. I am going to show you two sets of stocks, one set is priced for perfection, the other hardly priced at all.
All of the above stocks are rip roaring winners. Some of you want to short them. That’s a god damned mistake. The market is at new highs and we’re going higher. Why try to time tops by shorting the very best Wall Street has to offer? Sure, some of those stocks might drop a lot after an earnings miss. Call me crazy, I’d rather beat down the guy in the wheeled chair and toss him into frenzied oncoming traffic, than take on John Rambo in the jungle with nothing more than an army swiss knife.
Here is the second set of stocks.
Now that’s a group of wheeled chairs seniors waiting for the light to turn green at the corner of 42nd street and Lexington.
These stocks suck. No one cares about them and analysts don’t even bother talking about them anymore. Who is BIDU? I thought China banned the internet. Good luck with a stupid Chinese search engine.
But let’s not ignore the dominant theme of that list; it’s gold–stupid.
Both gold and silver surged today, much to the delight of dreadfully underwater fanatics. These people aren’t investors or traders, but psychopathic ideologues.
The rally in precious metals will be sold and the beat downs will continue until you are dead.
Fair warning.
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There is a big difference between gold miners & gold. Gold up 200% the last 6 yrs. Gold miners index down the last 6 yrs. Your list is made up of gold miners, not GLD or GC_F.
Same thing with silver miners. Silver up nearly 200% while miners are down.
Gold & silver have basically moved sideways for 18 mths now. That’s not indicative of a bubble. We need another huge run for bubble status.
I never said anything about shorting gold. But don’t think for a second gold is safe.
It’s a giant bubble.
Buy gold, give it to wimmen. There’s nothing more valuable than BJs.
KORS
Where is everyone?
I can tell by the number of comments that few are enamored by this rally.
The Wall St pump is desperate at this point. Housing is up. Stocks are up..buy buy buy!
It’s not registering because the average Joe is unemployed or underemployed and has no money to buy stocks.
Without the Fed printing this market would be so toast and I think many are starting to catch on.
The emperor has no clothes!
Any good ETFs that short the miners? All I could find was DUST, but that is a 3x and shorts Gold Miners only. DUST a good play?
Look at the chart – if you could time it perfectly, you would be a rich man. I recently got in at 52 and got out at 57 and it proceeded to 62 and then came back to me at 58 but I passed and now it’s down to 52. Are you feelin’ lucky? Well, are you?
I do! I’m stalking here… I see 52.45 right now… prob will take a stab here today
Draghi is about to open his mouth, that could screw things up.
FLT has been a favorite of mine for a few months.
Too bad it caught a dilutive secondary offering yesterday.