iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Checking in on Baby $HUI Again

neverunderestimate1

Let the above visial metaphor serve you as caution both political and market-noteworthy.  And I would rather put the emphasis, if I could, less on any proposed lack of intelligence and more — as in this particular case — on a plethora of emotional overload.

I think we’ve all been conditioned since the dawn of the Modern Era to be less disciplined about our emotions and how we allow them to guide our better judgment.  Therefore I don’t derisively dismiss those who would choose a relative unknown, a blank slate — a cypher, even — over “more of the same” after years of increasingly partisan turmoil, economic upheaval and yes, war.  I don’t even calumnize those who would, with less than optimum due diligence, usher such a person in under the auspices of emotionally laden, even heartfelt notions of “change” and “renewal.”

However,  I do applaud those for whom the fugue is beginning to lift. 

A similar sense of euphoria has been brought up short recently, this time in our gold and silver metals and corresponding miners markets.  Despite my many assurances that the treacherous bull of the last nine years would careen about tossing off weak adherents like so many loosely tied marionettes, many are still appalled and even frightened by the pullback we’ve experienced over the last week.

That, however, is an example of the very psychosis of secular bulls.

Like mad men at the mazurka, secular bulls will make you dance for every penny, and some days you will dance your feet raw.  Sell calls, my friends — or take some positions down to a more manageable level if it’s worth your good sleep.  God knows, some nights it’s worth mine. 

Note my [[$HUI]] chart below for clues:

hui_weekly

We may bounce here at the $400 breakout, or we may take the $HUI all the way back to the 61.8% fib retrace at just below $380. I am prepared for both scenarios, and I would suggest you gird your loins for both as well.  As for market specific stocks, I like Allied Nevada Gold Corp. [[ANV]] tomorrow, off a bounce of the 50-day, which has served as strong support for a while.   That would be approximately $8.73.

My best to you all.

_____________________

If you enjoy the content at iBankCoin, please follow us on Twitter

26 comments

  1. Woodshedder

    Calumny is your new favorite word.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Juiceyfruit

    calumnicious!

    “And if it were given by the power of the prophets and by your rationality and acceptance of the teaching of
    truth, then you would never have fought with one another, never have killed (murdered) one another, not
    waged any battles (wars) and not caused any destruction; at all times the prophets taught true love amongst
    you, as well as freedom, peace and consonance (harmony), so that gladness and co-existence may be given;
    and they gave signs (marvels) of the might of their inner world (consciousness), but they were condemned as
    evil illusions (absurdities) and sorcery, but were not recognised as the truth which they served for; but there
    were some amongst you who saw the signs (marvels) who were at odds in consideration (judgement) or who judged the signs (marvels) of the prophets to be an illumination of belief (proof of belief) in a god or tin gods; but it was always in the will of the prophets to continue teaching the teaching of truth, the teaching of spirit, the teaching of life steadfastly, and if it had been in their power, then the prophets would have ended all evil amongst you themselves so that you would never have fought with one another; but since time immemorial
    you have feuded with one another and committed outrages on one another involving hatred and jealousy, in
    greed for wealth and might, therefore you kill (murder) and destroy for this and conduct battles (wars) and this has continued up to the present day; but the prophets remain undismayed and carry out what they have already started even in Nokodemion’s time; but you lay hatred and slander (calumny) against them, and you strive to take their life so that they shall be prevented from bringing the teaching of truth in order to show (reveal) to you and the people the path to real truth and love, and to freedom and consonance (harmony) and therefore to peace amongst everyone.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Juiceyfruit

    http://broadcast.ino.com/education/goldcycle921/?campaignid=3

    more TA on gold

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Purdy

    Yup. On the economy, Obama has proven to be as clueless at your hero Bush; he is allowing the same handlers that dug the hole under Bush to do it all over again at the expense of our childrens’ future. Happily though, he seems somewhat less inclined than Bush to spend blood and treasure on wars that make us less safe (e.g., your beloved and still-unfolding Iraq fiasco).

    Obama’s a disappointment to be sure, but you’d have more cred if you had noticed flaws in GWB.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Mr. Cain Thaler

      Blaming a president for reacting to bad intelligence or mishandling economic policy is much like blaming a plumber for failing to unclog your toilet; perhaps you’re annoyed the service rendered was a waste of money, but then perhaps it’s your fault the damn thing is broke to begin with…

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • JakeGint

      Then there are those for whom the fugue will never lift — it being more of a fog.

      Or “kool-aid mist,” as it were.

      Every student of history knows which is the more important tract of land, if we were to compare relative worths in “blood & treasure” expense.

      Some are not students, but “disciples.” Luckily, not that many.

      ________

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Purdy

        “Some are not students, but “disciples”

        Exactly! It is astounding that, after all that has transpired, folks like yourself cannot acknowledge reality and simply keep visiting the Fox/Rush well to restock on self-affirming platitudes.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • DMG

          A gravatar is worth a thousand words.

          (no offense, shed)

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • Purdy

            Thanks for proving my point. As Jake goes to Fox, you go to Jake to find affirmation from the like-“minded”.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
            • DMG

              You’re welcome.
              What was your point exactly? That you’re a dumbfuck who really believes the following HuffPo nonsense? –
              “Happily though, he [Obama] seems somewhat less inclined than Bush to spend blood and treasure on wars that make us less safe”

              Silly Rabbi, kicks are for Trids.

              • 0
              • 0
              • 0 Deem this to be "Fake News"
              • JakeGint

                As if the dimwitted cant — “Jake goes to Fox/Rush/blah blah blah” –isn’t a platitude so tiresomely leaned upon by you slack-minded leftist drones that were it taken away your rubbery, atrophied legs wouldn’t support you for more than a trice.

                Try to find a new talking point, loser — your Copehnhagen-bound Olympic Lord needs far better ass coverage than this.

                ____________

                • 0
                • 0
                • 0 Deem this to be "Fake News"
    • Mr. Cain Thaler

      I really started to despise Bush for the last few months, simply because he panicked and started bailing out the autocompanies, and backed Paulson with the politcal capital equivilent of a blank check; although I will admit that what they did probably did stop a massive collapse of the system. I just would have preferred the collapse because along with it, all the stagnant leadership and political factions would have been swept aside.

      However, I do admire this one trait about the man. In face of unrelenting criticism and unfounded attacks for nearly seven of his eight years in office, the better part of a decade, unaltered by the baslessness and complete lack of fairness displayed by the left and later adopted by the middle of the country, the man persevered and stood by his decisions. Maybe later evidence shows our force was unwisely deployed (Iran, anyone?), yet his convictions were such that, knowing what he knew, he at least had matched his ideals up well enough to the decisions he made to stand by them. How many of his accosters will be able to claim as much, I wonder?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. JakeGint

    Interesting… dollar is slightly up today….

    Hmmmm…..

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. JakeGint

    IAG bouncing nicely, again.

    ______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. j

    jake:

    If you like the precious metals side you have to love the rare earths crapola. Take a look there are some companies mining for those elements in the US too. just a couple though.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • JakeGint

      You’re going to have to supply some names. The last time you gave me this rara terra story, I scrabbled around half the morning looking up tickers for micro-caps Ozzies which are untradeable (save by appointment) on these shores.

      __________

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. JakeGint

    Anyone here a Redskin fan?

    I’d like to take some time to make fun of you, if you are available.

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. JakeGint

    Dollar strengthening here…. hold on for turbulence.

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. DMG

    lol

    http://www.nypost.com/p/news/local/pound_bull_drags_officers_down_nj_1S2LyWNJTMx2NtdLD2MTaI

    “1,400-pound bull drags officers down NJ street”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Cash-N-Guns

    good picture of our dipshit president…cant wait for the 2011 riots at the White House..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • JakeGint

      LOL. He might be saved by 2011, if the Congress turns over like it did for Clinton in ’94.

      It’s an irony far too complex for the “Purdys” of the world to assimilate, but Bill Clinton has Newt Gingrinch to thank for making him into a “moderate” Dem.

      __________

      • 0
      • 0
      • 0 Deem this to be "Fake News"