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Did you know Maxwell’s Hammer of Beatle’s fame was an autopsy tool?
Do you remember what I said the other day about my second favourite (sic) dollar hedging silver pick [[EXK]] ?
I’ll be getting more tomorrow —
You see it using that 20-day EMA as a trampoline?
Want another? Remember Silver Wheaton Corp. (USA) [[SLW]] ?
Why muck about with ball-peen hammers to the head, when there’s pretty silver that can do the job that much more stylishly? You know this is my Stock of the Year pick at RC’s blog as well, no?
Nine year secular bull market, breaking out again. Can you imagine the odds?
Also — Keep an eye on [[TBT]] here as well, folks. It tested the breakout again today, and is looking good again.
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Its about time silver started to play catch up. I appreciate your recent blogging even under duress. We all cant sit around the house in robe and slippers while slapping pizza in the faces of our servants.
Thanks… Huge meeting today trying to convince a multinational to “up the bid.”. May be out all day.
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I bot a bunch of IAG. Couldnt resist. You think it still has legs, Jake?
Indubitably, but don’t forget ANV, EGO and SLW.
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Don’t underestimate the power of the hammer. When used correctly, can be very powerful. Back to mowing lawns and trimming trees.
http://www.zerohedge.com/article/guest-post-tbts-decaylicious-existenceshown-mathematically
While I am all for destruction of the US empire via rising rates, the TBT is another FAZmobile-ish ride
Hey Jake, I haven’t been free to read in a few days. Are you still on the sidelines (generally) or did you get back in?
Getting back in slowly, but still have some hedges on. Look back over the past week or so to see what I’ve been buying.
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Jake, what do you think about holding twice as much TBF (rather than TBT). Seems to me that it would be a better candidate for a long term holding, due to the “2x ETF problem”. TBF is thinner than TBT, but that should improve with time.
TBT just hasn’t been that volatile for a double ETF. It’s not like FAZ or SKF or any of the others. Treasuries, like the dollar, just don’t seem to move that much. And if they do, they move faster down than up.
So I’d trade the additional liquidity for the greater volatility in this specific case.
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The dollar seems doomed.
Carry on.
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What’s with the solar skull-rape? Everything’s down 5-10%
Never mind, found out. The Deutsch are reducing solar subsidies faster than expected.
Eggsactly why I stay away from the solar scams. Any industry that can’t stand on it’s own and needs gummint subs to keep going?
Bad bet, these days.
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Possible hanging man candle on the weekly SLW chart, keeping an eye on that one.
http://www.screencast.com/users/Jayhawk1991/folders/Jing/media/dcb58588-b585-4204-83df-94fabdbf1486
Also on SLV, PAAS, SSRI, SVM, etc…
Something to keep an eye on..
I’ve got one of my IRAs with these turds. (SVM, CDE, AUY, GFI, HL, BAA, VGZ and just added GDXJ yesterday) I got the majority of it a week and a half ago and the account is slightly negative.
I’m thinking of switching out those losers for ANV, ANO, EGO, IAG and keeping the GDXJ & SVM
Don’t throw ’em all out, as you will then be subject to the first Law of Jake, which means one or more of them will get bot out at an egregious price.
Sell some down on each and get in those others you mention.. I like CDE, especially.
With regard to the hanging man — “from your mouth to God’s ears!”
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