I just grabbed back all the [[EXK]] I sold yesterday for over $3.21 at between $2.88 and 2.90. Let me tell you why:
Because it’s mid-September and it’s time to get your goat on.
Listen, the next couple of months could be as dangerous as skipping around on the lower shelf of the Appenines right outside Roma. So barring the requisition of a bunch of high dollar mountain climbing equipment including Maui Jim Sunglasses and flashy ankle boots, you are going to have to harness your inner goat, ovah heah.
You see, EXK jacked almost 100% in three weeks. As an owner, Mr. Goat, you just climbed Mt. Everest, congratulations. Here’s the problem — you’re still on Mt. Everest. What’s more, there are some nasty rockslides ocurring around you.
So be nimble, like a sure-footed billy goat, and be sensible, like Monsieur Le Fly. Take some profits off the table on these 100% movers. Sell some calls when things get extended. Don’t be a pig.
Be a goat.
Last, if you haven’t yet signed up with The PPT, you may just be crazy. Many many sure footed goats live there (and no trolls, imagine that?) that can help you skirt from Alp to Alp, twirling around like Julie Andrews in a mountaintop meadow, whilst wearing Lederhosen and blowing the Ricola horn.
_________
If you enjoy the content at iBankCoin, please follow us on Twitter
I love your posts!
And I love your picks!
We’re a team!
_________
Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiicolaaaaaaaaaaaaaaahhhhh!!
________
haha indeed great work
I’ve been getting my “goat on” since the 70’s!
Where is your Goat Wine Avatar?
_________
“whilst wearing Lederhosen and blowing the Ricola horn”
Does The Fly know you can write poetry this well?
Great stuff.
Jake ….Getcha Popcorn for Sunday Night!
Score_______________?
I predict Romo in a body cast.
___
“Jesus was a Capricorn.”
– Kris Kristofferson
Keep doing the Lord’s work, Jake.
TC broke the 50 today ….
What’s the fib say as far as the next good buying op …. around the 100 or wait for the 200 day?
38.2 retrace of the intermediate move is right around $10.70. 50 might hold here, though, as I have it (EMA) at 12.44.
____________
Interesting to see if she holds here cause I have the 50 @ 13.12 on my chart, showing next support @ 11 then 9.50
I’ll buy half @ 10.70 – 11 and more if we breach that and see 9.50
Or be pissed if it bounces here and I miss it … in which case my MA’s will need recalibrating!
Thanks
You are probably using “simple MA,” while I’m using EMA’s.
That said it looks like it has more downside coming here.
__
Actually, both were right around 13 …. must be that Etrade Pro charting program I’m using.
BZH had another nice day today… indeud.
Might get some more C tomorrow…stand by.
________
With ya on C @ 4.39 … expecting Primerica and other units to be cut free soon which should provide a nice bounce.
ALERT: C will be BTFO out of the consolidating triangle at $4.50. I will add there.
__________________
in @ $4.40
Patience… wait another 7 or 8 cents, always pays to be careful.
_______
Meanwhile I got some more on the break of 4.47 and I still got stung. Fuggers.
________
Not as bad as me buying Henry’s “pick of the week”, RINO – fugger stuck it’s horn up my arse.
Some tom foolery there on the closing 30 mins …. bringing it back some ah…
Some big blocks trading in the 420’s there, either late or anxious to get out …. back and forth from 4.27 to 4.31 … A WTF moment on CA’s charts!
Should’ve known better than to purchase on an Opex day.
Just stupid on my part.
_______
Perhaps i will call off the assassins
lol
Hey T O T – r u the one who likes MPEL?
yeah, I initially had it with a 650-ish target … no longer in it though. Still a fav in the sector and think they are best positioned in Macau not to mention “what happens in Vegas, stays in Vegas” and not much happening now with the unemployed consumer.
May have to revisit this with a break over 8 … thanks for the heads up!
That’s a beautiful post. Great advice, too. It reminds me of the way the author of “The Money Game” describes his dread when the Swiss Gnome (gold bugs) comes to visit him. One of my favorite market books.
I did end up selling almost all my postions, and then I had major sellers remorse and am starting to rebuild them. I need to just calm down.
My husband and I are finally down in Clearwater, FL meeting with a guy to rent a house, so we are sitting on the bay reading here. It’s really nice. (Finally sold our house in Savannah)
This is what Dr. Barry has to say about Gold and Barrack’s situation. Pretty interesting.
http://www.discoveryinvesting.com/uploads/Mns_Friday_September_18_2009.pdf
Not sure how old you are, and would never ask, but it’s probably not the worst idea in the world to keep an opportunistic amount of cash in hand at all times, even if that means the gold rush comes and you’re not 100% in.
Principal risk has to be considered as you reach into your near retirement years… especially when Medicare is so brutally threatened by this Obamacare idiocy.
___________
(Aside: you don’t know how pleased it makes me to have the only female iBC commentor on my site)
;))))))))))))
Brutalized like a common rookie for buying C too early.
Now it’s just as likely to head back to the low $4’s… dammit!
__
At least you got DMG to follow you and share the “misery loves company” thing (although he might be trying to track down Henry right now for that RINO call)… I was close to making it a family affair with C but i’m off to Europe for 2 weeks tomorrow for vacation and decided i didn’t need to agita. So i cashed in my WNR for some winsheup (sic).
Try not to scare all the commies off while i’m gone.
Stay gold, Pony Boy. (And a little bit silver.)
Be safe.
Aside– The small female watched the Hannah Montana movie tonight and we decided that Miley Cyrus sounds exactly like Aunt Yossarian.
________
Ha! I’ll be sure to pass it on.
IMF to sell 1/8 of its gold holdings, or 403 metric tons.
Hope some folks to your advice about not getting piggish.
http://www.zerohedge.com/article/imf-selling-one-eighth-its-gold-reserves-will-safeguard-against-disruption-gold-market
I think stories like this are
a) bullshit.
and
b) bullish.
Fuck the IMF and their feeble attempts at holding back the tide.
___________
BTW, Shed… for some perspective – just one gold ETF — GLD — has almost 1,086.5 tonnes in its portfolio.
If the idjits at the IMF want to sell gold down (and this is the second time this year this threat has surfaced), then I guess there’ll likely be willing purchasers.
________
Jake, I don’t pretend to know anything or understand much about the PM market. Not really my area of expertise. However, from a retail perspective, the IMF is going to sell (at least they say they are) as much gold as 40% of the GLD ETF holdings. That seems significant, and it seems likely to scare a few people into selling.
My thinking is that it might make a great dip to buy.
Also, the IMF is ostensibly doing this so that they can provide fast money to any country in need, correct? They want to stand ready with liquidity without having to first dump tonnes of gold on the open market in a way that would be disruptive.
So, if that is true, then I’m wondering what country (or countries) is/are getting ready to default? What does the IMF see coming that the rest of us haven’t seen yet?
So yes, I would agree, all this may be bullish in the longer term.
That’s just it, Wood, it’s a bullshit story. We are not living in Roman times, when the IMF needs to liquidate gold in order to fund some third world balance sheet. For one thing, they can borrow against the gold in their vaults or even issue bonds backed by the gold at a fixed price, rather than sell outright.
This is nothing but a ploy to prop the dollar and keep gold from running away from the Central Bank printing press masters, thereby revealing the perniciousness of their theft from every one who believes in “full faith and credit” of “X Central Bank.”
What’s more, this crying wolf has gone on for a while… Check the date on this familiar announcement, for example.
__________
So is the trade for the next few days a market neutral of short GLD and long UUP?
Is there anyway of knowing if they actually sell after putting out those announcements?
I wouldn’t act on any publicly disclosed story (especially as this is the third or fourth such announcement about this same sale).
That said, there’s a big contract settlement next week, so I wouldn’t be surprised to see shennanigans from either side.
We do know where the trend is, however.
PS — Not only is there no way to know if they’ve sold after these announcements, there’s no way to know if they even have the gold to sell in the first place.
____________
…let the IMF sell..great…this seems to come out all the time when the gold price has a run…they should ask the Brits how selling their gold worked out for them…
I really think this is a desperation call, especially given that they’ve cried wolf on this for over a year now.
_________
I’d rather be H2o-boarding terror suspects in denver/nyc.