[youtube:http://www.youtube.com/watch?v=82Wc92bFiZk 450 300]
My apologies for being so scarce this week. You heard about the Dylan concert and all that, but perhaps you didn’t know I had relations in all week. There were relations activities to attend to, the Dylan concert being one of the more pleasant. Others not as much, but obligatory. So it goes.
In any case, I sit before you with a down port in a flaccid market. And yet, I’m serene. Why is that? Well, to be honest, its because I”ve been riding this same wave since 2001 and frankly, it’s a familiar poise. Since that time, it’s never hurt me to buy on pullbacks, no matter how egregious. With that in mind, I copped another 1k of [[AGQ]] today at $34.95, with the mind that I will get even more if it drops again. I think silver is just peachy.
Call me psycho. I can take it. I own silver at $4.50/oz. and gold at under $300/oz. Does that give me extra confidence?
You bet your ass it does.
More on the Jackson update as the weekend commences.
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UPDATE: It’s a horror show, but on the bright side, I built more cash up.
| Name/ | % | Portfolio | Portfolio | ||||
| Ticker | 9-Jul | 10-Jul | Change | Value | Impact | Comments | |
| ANDE | $ 28.89 | $ 27.86 | -3.57% | $ 8,411.84 | -0.18% | Sold 1/2 on break of $28.90 (8,725.60) | |
| EGO | 8.10 | 8.27 | 2.10% | 7,748.99 | 0.10% | Bounced close to 200 day ($7.85) | |
| GDX | 35.31 | 35.14 | -0.48% | 10,635.59 | -0.03% | 200 day MA is $32 ish | |
| GLD | 89.51 | 89.58 | 0.08% | 10,302.47 | 0.00% | 200 day = $88.26 | |
| IAG | 9.22 | 9.10 | -1.30% | 11,220.72 | -0.09% | Back at the top of the consolidation zone | |
| MON | 72.56 | 71.34 | -1.68% | 4,184.16 | -0.04% | Needs to hold above $70- but oversold | |
| NRP | 20.40 | 20.63 | 1.13% | 4,281.86 | 0.03% | Needs to hold above $20 | |
| PAAS | 17.16 | 17.29 | 0.76% | 10,384.38 | 0.05% | Some firming past two days. | |
| RGLD | 38.50 | 38.98 | 1.25% | 10,770.93 | 0.08% | Tapped $38 twice this week, closed up. | |
| SLV | 12.67 | 12.50 | -1.34% | 10,154.35 | -0.08% | I bot 1k more AGQ at 34.95 on Friday | |
| SLW | 7.44 | 7.46 | 0.27% | 7,246.17 | 0.01% | Approaching oversold on the weekly | |
| SSRI | 17.46 | 16.94 | -2.98% | 9,854.57 | -0.18% | Could go to $15, even, watching. | |
| TBT | 49.45 | 48.41 | -2.10% | 9,643.43 | -0.12% | Next major support @ $46, if no hold here | |
| TC | 10.01 | 9.79 | -2.20% | 4,592.58 | -0.06% | Could target 50 day ($9.11) | |
| TCK | 15.84 | 15.46 | -2.40% | 10,279.25 | -0.15% | 200 day @ 14.78 | |
| TZA | 26.67 | 26.28 | -1.46% | 5,294.13 | -0.05% | May add to this next week, with cash | |
| Cash (000) | $ 26.42 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Increased $8,725.60 on half sale of ANDE | |
| AVG (daily) | -0.82% | $ 161,426.21 | -0.70% | ||||
| AVG (monthly) | -4.34% | Actual | |||||
| AVG (inception) | 7.10% | Return | 7.62% | ||||
Congratulations on having relations this week.
Don’t get too excited. Mrs.JakeGint just wanted him to finally mow the damn lawn and fix the leaky faucet.
AC — humourous (sic), but the preposition “in” gives you a spot of trouble.
DPeez — Unlike Fly, I do not attempt home repairs, nor mow my lawn. What would the zebras munch on if I did?
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I own silver at $4.50/oz. and gold at under $300/oz…
Me too. I quit buying and even sold some but even as the arabs say: the price of PMs is what the price is. If it (silver) goes back under $8 or gold under $500 I will buy. Otherwise :YAWN:
Possible you could see the former, but I don’t think the latter… not for a while, at least.
Next post on weekly silver outlook….
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LEN declares dividend, woohoo! The big homebuilders all uber-sux imo.
Is that Dennis Kneale’s baby poking out of your chest cavity?
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Is that Dennis Kneale’s baby poking out of your chest cavity?
No, but Jamie Dimon’s butthole baby is poking out my ass.
I’m keeping Kneale’s name until the open of trading Monday am bitchez.