Several weeks ago I warned the canaille of impending doom to be savagely imposed upon gold and silver traders. These men were prancing about the market place without shield, sword-less. Since then, these slack-jawed catamites have beeb arrested, left to die in a catatonic state.
When someone perishes on Wall Street, opportunity presents itself for the vultures safely perched above, watching scenes of tragedy unravel.
I give you “Death by Silver.”
Gold and silver are now trading inverse to Application Software stocks, as unbelievably stupid as that might seem. The layman, you, your friends, parents and smartest relatives, are victims of algorthimic order flow, originated from the JP Morgan Bank vaults, located 5 floors below 45 Wall. This is specifically designed to subtract dollars from your brokerage accounts, a modern day “planned shrinkage” assault upon the Third Estate.
I am sure by now, I’ve lost 95% of the readership. Let me get to the point.
Here are a few silver stocks that might be worth buying for a bounce, and their 2 week percentage losses.
CDE -16%
SSRI -16%
MGN -14.4%
EXK -12%
Gold
TRX -17%
DRD -17%
HMY -14%
SA -9.5%
IAG -9.3%
Separately, all coal stocks appear to be headed into the toilet bowl, down into the sewers, with most names off by 15-25% in the last two weeks alone.
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All coal stocks except for $RNO, which is headed higher with a yld. of 13.6%.
These posts about gold and silver stocks all have a certain stench to them. Like bad meat or really good cheese.
Gold and silver stocks are for pillow-biting catamites.
But Gartman likes coal…something about his foot fetish and pain. Coal can’t possibly recover and work if he’s on board.
If ole Denny Gartman is going left then I’m going right. Remember when he supposedly nailed that first panic breakdown in the russell a couple of months ago. He could just “sense” something was wrong and sold literally at the top. What a clown.
Gold/silver are for doomsday militia whack jobs who are desperately hoping that the PM bubble that peaked in 9/2011 will reinflate. Next stop $1,000 for gold, $15 for silver.
Application software is a better choice.
FUEL; FEYE or MEET
WLT has ruined many Appalachian marriages.
Hilarious smack down of the Silver tonight. The need of barbaric relics is over. Grandma eats with stainless just fine.
Will silver be seen as safety in a Zombie Apocalypse?
TWTR …….SWEET RETURNS BABY!!