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Maybe that’s what they’ll blame this latest blizzard of fresh cash on… the need for fresh liquidity in case of an emerging chav riot should the U.S.A. (perfect in every way save for soccer proficiency) beat Old Blighty in the first round of the World Cup on Saturday.
Not that it’s likely, but what more significant excuse does Ben need to flip the machines on?
They were on today, you can be sure. On the meltup I like diggin’ foreign companies for $100, Alex, including PBR from Brasilia, and BHP from Ozzieland . Only The PPT could be more acute, imo.
Don’t forget about TCK, and TC as possible forced bodies (like RTI) in the grand smelter of shrinking dollars. Soon your dimes will be encased in molybdenum and shot off into space, as appropriate. TIE is screaming here, and past it’s 38.2% Fibonacci retrace… get some!
The rest (of your non-gold port), I would take care of ASAP, but for those counting on a big Christmas, Id look for the past leaders here to revisit their highs. Yes, that includes CREE and GMCR.
Get ye some, and join the revelry in The PPT, now and forever. See if some of that space magic doesn’t wear off, to your benefit.
Salud!
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interesting
“We (collectively) are poised at a heart-stopping moment in economic times. On the one extreme side, the world is on the edge of massive deflation and depression. At the other extreme … hyperinflation. My view is: Both these extremes are possible. Certainly deflation is, on balance, in play today and gaining ground as money supply is actually declining! Hyperinflation seems impossible when there is not much inflation in most economies. But … hyperinflation is a monetary event, not an economic one, and will happen on an overnight basis, not via a general uptrend in inflation data.”
http://www.marketwatch.com/story/hyperinflation-could-happen-suddenly-2010-06-10
Sounds like this gent — http://pragcap.com/felix-zulauf
Felix is the man. One of the Barron’s Round Table contributors if I’m not mistaken?
Yes, and my addled memory tells me he has been one of the better forecasters in that group.
Bob the Builder asks:
What’s your feeling on BAA and RBY if you were deploying new money?
Not sure if this Chart will come through if you are not a subscriber, but I will post it again tonight.
Looks like RBY is testing that cup and handle breakout that it exploded out of in early September of ’09. If it holds here in this $3.25 area (and the stochs point to consolidation), then I think this will be the launch point for the next blast off in this volatile junior. As always play small.
BAA is not as clear. It could be in trouble if it does not catch up on this support line here.
If it does, it has a ways to go to the old highs, as you can see. Fundamentally, I’m not as solid on BAA, here.
(If you cannot see these charts I’ll post them later)
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Got the charts, thank you. Looking at buying a little RBY today. Thanks for the help.
As if I matter, I bought a little RBY at $3.26. I think it looks smart to keep a tight leash in case it tests the bottom of the handle you pointed out in the chart. We shall see. BAA is looking good right now, moving up a bit in the last 20 minutes. Wonder what happened there.
Hit support and bounced… it was “do or die,” after all.
Looks like “do” for today.
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I bought a Coleman Max flashlight today – CREE branding on the package and LED tech under the hood. BEST FLASHLIGHT EVAH!