Wait for 1:43 for the transcendent beauty to begin. Then go out and procure your child cello lessons.
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Who’s sick of this damn winter already? I sure am. Someone sold me a story about moving to the South some years ago, but I think I’m going to apply for a refund. We had zero snow last year (sticking wise) and I bet we’ve had 25-30 inches this year. And the cold! The damnable cold! I could almost handle the snow if it didn’t come with this extra serving of Canadian Clipper.
Enough already!
But that brings me to a super nova of my own making. It’s called my portfolio, and you are welcome to bask in it’s awesome radiation. The dollar (DXY) is down 17 cent to $80.16 (use [[UUP]] as your proxy here), and the price of gold (“POG”) is up well over $1,100 to $1,109.10. If we get to $1,120 on the POG, we will be off to the races.
Mind you, I think we’re already off. I’m already locked and loaded, and if you’ve been following this blog over the last three plus weeks, you’re likely ready as well. If not, and you’re still looking for some last minute shopping, here again are my two favourites (sic)…
First the Gold Standard, Allied Nevada Gold Corp. [[ANV]] :
Note, I’m using the weekly’s here because these are long termers for me. You can also see that the last two weeks has been giving us the signal in both names.
My silver goddess has been and continues to be Silver Wheaton Corp. (USA) [[SLW]] . This chart is even prettier than the previous:
It’s late so I’ll bid you adieu. Here’s to a great week, and a great month in the PM’s. These gems are just two of many that I believe will run in the next several weeks. I also look for Royal Gold, Inc. [[RGLD]] , Eldorado Gold Corporation (USA) [[EGO]] and IAMGOLD Corporation (USA) [[IAG]] on the gold front, and [[EXK]] , [[SVM]] and [[PAAS]] on the silver.
Best to you all.
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No receipt, no refund. Basking in the sun on this side (75).
Short AMZN.
You need to get several hundred miles further south, if you decide to relocate to enhance the southern theme.
I grew up in Florida and lived in Miami for nearly 20 years. Not suggesting Florida, unless you are ready for hurricane risk.
Going down there the end of the month. East Coast, little south of Delray.
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I was staying at the Canyon Ranch in the Berkshires. I was having lunch. Behind me I overheard a conversation. The party of four I guessed ( could not tell for sure) was ordering lunch..except for one guy whose wife had to interpret all the items for him as if he was from another planet..he appeared to be incapable of making ANY decision after a good half hour of grilling the poor waitress (who I understand quit after taking their order.)
My curiosity got the best of me, and, pretending to look out the window, I turned to see who this lametard was. It was James Taylor. Alongside him was a woman who I assumed to be his wife, and Andre Previn, and his wife.
I was told they were performing at Tanglewood together that evening.
The man is rather challenged when not singing.
You have no idea. Artists are crazy. Not run of the mill crazy. Special crazy. They have so many handlers and buffers that they lose touch with life. Staggering crazy. Add drugs, alcohol or theology and the mix is pure gold.
hey hey hey,….easy, I resemble that remark!
Taylor had a very serious heroin problem for years. Not sure he came out of it 100%.
Nice voice though.
Guarantee Yo Yo Ma can still calculate the tip.
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James Taylor’s wife = Carly Simon, yes??? Kinda hard to miss that mouth.
Sinovac Biotech? What’s that stock got to do with silver? Also, been meaning to ask, why do you use the 13- and 34-week EMAs as opposed to something else?
My charting sensai taught me the good joo-joo of the 13 and 34 week EMA’s on the weekly chart. They just work, in my experience.
Especially the crosses. Equates out to about a 65d ay EMA and a 170 day EMA.
Don’t know to what you refere with Sinovac, though I still own some.
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Weird, when I checked your post this mornig, instead of SVM it showed SVA, and the name was even typed out. Did you change it or am I slowly but surely losing my mind?
CommonGardenSlug:
You’re correct. SVA was mentioned instead of SVM, and it was indeed typed out as Sinovac Biotech.
Both of you need to stop smoking that sticky green bud with the orange flowers in it.
The THC levels have become “hallucinatory.”
(BTW — with a name like “WPTG” you really deserve a good avatar… go forth and get ye one.)
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Oddly enough, we’ve had a relatively warm winter up here. Not once under -20, over freezing today, and very little snow. We can even see slivers of grass here and there. I actually considered moving to Phoenix, just to get away from the snow, so I’ve had a great winter 🙂
Might just nibble on some of that silver today.
Where you at? Up here in Toronto it’s the same story. About 5 inches of total snow so far, spread out in 1″ falls, which disappears the next day or two. Very, very unusual for this part of the continent.
Just west of Montreal – 20 minutes from the Ontario border (boonieville). It actually snowed on Sunday, and I was taken aback, it had been so long I almost forgot it was February. Unfortunately though, not one snow day this year.
Picked up some SLW.TO @ 16.54.
Lack of snow is due to the great lakes freezing over.
I don’t think it got that cold around the Lakes, did it? Seriously, it’s been really warm here.
Lake Erie has frozen over.
lol.
Put the pipe down, son.
Fear, does not exist, in this dojo, DOES IT!?!?
“No sensEI!”
Lots of winship oveh heah
Nice work, KC.
Aces.
Truly I say to you– “this is only the beginning.”
Here comes the sun into late March, at least.
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Jake, with regards to EXK (which is somewhat close to all time highs of 6ish), I’m just wondering what target you have in mind for this upcoming run? TIA. ‘
susie (AKA a newbie to the PMs)
EXK is still 40% below $6.00, or — more critically, has another 68% of growth to get to that level.
I think that’s a nice target, but I certainly wouldn’t place a ceiling there. The move in these still undervalued miners is going to be entirely predicated on the price increase in the underlying metals (silver and gold). I would use price targets on those metals as my indicators of when to start scaling out.
I think gold goes to at least $1500 this year, and silver should at some point “catch up” to a 50x multiple of gold (it’s currently still at a nosebleed 69.2 x multiple).
If those two things happen you have silver at $30/oz at $1500 gold… which is about double from here. The leverage in the mining sector (ie, the amount they will receive for their ounces mined over the cost of mining them) will greatly increase at those prices, and so smaller miners like EXK could see their prices at $20-$25 and higher at that point.
Make no mistake, I am planning for multiple baggers on all of these. I started buying SLW below $3, for example.
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Timmah is short SLV.
The planets, they are truly aligned and in sync.
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Jake,
Finally things are looking good for us pm longs.
Do you like NGD? ANV-still on my watch list. That one does look like a H&S on the daily charts, but those tend to not pan out these days.
I really think we are years off any kind of manic blow off top on the pms…We should see some nice moves this year, but I’m trying to think long term.
What % of your port is in physical? I have zilch right now, but was thinking I should grab some coins. I’m targeting silver vs. gold, but would love any insight from you or the other readers.
If you go silver go 100/400 oz. ingots. Coins not worth it.
Coins — closest to .9999 pure is best. I like Maple Leafs.
I council 10% of your port in physical.
You are dead wrong about ANV, and now, late.
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Thanks,Jake…
Yes, I’m wrong most of the time. I don’t think it’s too late to add some ANV at all…This move has just begun. Besides, ANV was the cherry on top of a very hefty pm sunday I’ve been building this past month. The bulk of which is SLW, GDXJ and a bunch of tasty ones on top like SVM. 🙂
Silver’s will outpace here, for sure. But ANV has already moved nicely off the bottom. Check next post to see the daily…
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AGQ -yoooooooooooooooooooo-haaaaahhhh!!
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