iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,723 Blog Posts

GET INSIDE THE FUCKING GOLD MINE

Gold stocks are down ~8% over the past month. Coincidentally, my quant strategy in Exodus is also +8% for the year, absolutely poleaxing the broader indices — making the lot of you look like illiterate fools. Yes, the strategy is fairly static — updated once per month — all very trackable. You’d be wise to immerse yourself in its grandeur.

As for gold/silver: our predictive oscillators are implying the sector is oversold. I am merely spitballing here — but I think people are fucking retarded for thinking that rates can go up without inflation, or vice versa. Something has to give. At a bare naked minimum, stocks get shattered to pieces and the gold trade is once again a safe haven.

Bottom line: the dip in gold was fake, a scheme purported by crisis traders, and it never happened. Get in the goldmine; go and see for yourself. It’s wonderful down here. The air is brisk and the food…to die for.

I bought JNUG at ~$13.60.

NOTE: I sold KODK, in light of the crypto correction underway. Trade netted +14%.

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6 comments

  1. sarcrilege

    I am very much interested in the goodies goldmines produce and sell at hardly a price that covers their operations. Very thin margins in that business.

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  2. ferd

    That started as a tolerable period piece show that I could tolerate watching with my wife ..then it devolved into a romance featuring incessant back beatings combined with muff diving and the villain playing with an uncooperative dick. WTF.

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  3. mx2101

    Like a Boss:

    JPMorgan to remain in the city, demolish existing HQ and build soaring 70 story new HQ in its place. Will lease space nearby to continue operations, and bring NYC employees together in the new HQ from satellite locations in the region.

    What a great message for the NYC and JPM
    Makes you want to give Dimon a firm handshake and a big grin. Good for them!

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  4. ferd

    Covered my long term bond short from December on this flush …might could bounce for a bit.

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