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Aiiiiiirrrrgggghhhh!!! Freaking Barron’s just came out with a pow-pow-positive article on silver and on my two most recommended silver stocks. It’s almost like those fuggers came and read my blog, all stoat-like and lubricious, and poached my babies SLW and PAAS like King Alfred’s prized harts in Appledore Forest.
I hate them.
I hate them because they are widely known throughout all of Lower Mercia and East Anglia as “the Freaking Kiss of Death,” or “The Bloodsucking Whore-son’s Curse of the Market” and other less than salutory monikers for their ability to cream one’s favourite positions like whipped curds in Sam Breakstone’s oaken tub.
What we can expect is a “dope-rush” likely on Monday and probably into Tuesday on both names, followed by a vicious spiking in the manner of Kerry Walsh and Misty May playing a quick game of death-ball vs. my aging Uncle Leo, the retired Ft. Lauderdale orthodontist.
I will likely prepare my loins with a sale of some calls, as I have prodigious positions in both companies, and I know better than to spar with the wearwolves of Northumbria, otherwise known as the HFT’s who eat Barron’s lambs for Wednesday breakfast.
I expect the storm will be over my Friday next, at the latest, but until then, make sure your loins are girded and your hatches battened.
Pax.
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You dudes have, without any doubt, supreme talent for finding cool pics to go with your blogs
Google image is my friend. 😉
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Where is that statue? Eastern europe? Rome? Romania?
I believe it is in Barcelona, Spain — in a cemetary called El Cementerio Viejo (the Old Cementary, aka Cementiri de L’Est), just past Parc Ciutadella.
Apparently, there are some pretty heavy restrictions on photographing that statue — and they will make you dump your file or take your film if they catch you doing so.
No B.O.R. in Spain, I guess. Go figure.
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hi Jake,yea,they ripped you off.remember last week talking about silver coins here.dude, great statue.is that at the vatican? would sure like to put that next to my ex mother-in-laws’ gravestone.
LOL. Yes, I remember… do you have new information? I still would not recommend silver coins for anything besides collector’s interest.
See above for the statue’s location. I’m sure you could get a reproduction for your mother-in-law….
Might be a few pesos, however.
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gonna buy a few more this week,i’ll see what the juicy gossip is. what would be a better bartering tool,the bars?i used to collect.just have a couple dozen Ike,and Jfk halves,which are worth as much as my 1ounce dollar denomination eagles…..it’s still gubment .999 fine.mined in the usa,thats all i care.
Yeah, the problem is that the cost of minting individual coins places their price that much higher than the per ounce cost of the silver. In gold, the minting cost is more negligible because the high price of the underlying metal.
The 100 oz. bars are handy because they are very portable (as opposed to the 1000 oz. bars that only the V-king likes to swing around), and they can be exchanged for a decent amount of “value” in extremis.
A couple of bars for a car, for example….
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Pardon my ignance, but 1000 oz gold bars are available for sale/to be owned?
I have never seen one, though there may be.
I believe the standard gold bars you see in movies and perhaps in a bank vault or two are about 400 oz. The ounce is “troy” however, which is a couple of grams heavier than “avoirdupois” ounces, which are our standard measure. So the added grams make the bars equivalent to some 435 or so “regular” ounces, or about 27.5 pounds.
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Jake, look at your CREE go! I got some at 68 so I’m celebrating with you:)
OTOH, can you do a post about the PMs? I need reassurance again LOL! TIA
Nothing reassures like time. Hang in, we are about to enter into the golden cycle once again.
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Jake – Heard on Bloomberg this AM someone talking about the effect of ETF’s on Gold market and what would happen if people started to liquidate. Apparently ETF’s hold about as much physical gold as Central banks do. Your thoughts? Do you think gold ETF investors are more likely to hold than oil investors were?
Liquidity is our friend. It’s due to ETF’s like GLD that the gold price is less manipulable than it was back in the days when it was leashed in London and NY.
That said, a lot of people use GLD as a hedge and a long term investment. Seeing that it’s more liquid than physical gold, it is easier to sell, but then it’s easier to buy as well. I don’ t see why the liquidity aspects wouldn’t attract a wider investment pool, however, and a stickier one as well.
Interesting you bring up earl. Remember earl went to $147 — a record by quite a bit. If gold could get that high above it’s old all time highs, I’d be happy to see GLD sell off like earl did.
Of course, I’d be selling too, likely… 😉
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FYI to non-PPT’ers — sold a third of CREE and VECO today, before VECO’s earnings tonight.
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my shitty canadian news paper this morning basically flat out told me gold is going to 1500.
sounds like a kiss of death to me.
im thinking a 21 week dip,
cause those bitches dont know shit,
and clearly i do.
Your newspaper talks to you?
Every morning or just once in a while?
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Jake, honestly it almost never speaks to me
thats why I had to let u kno
hey noodle,their about 4 months late w/their breaking news. the sellers, and buyers of gold and silver in the physical asset have been pinning the 1500 dollar target.shit, all we need is an iran incident,or heaven forbid north korea get testy with a nuke threat. oil will go back to 147 and gold will be 15 hundo. real quick
4 weeks aint bad, still 17 left.
VECO crushed it’s numbers… which is apposite, since I sold off 1/3 of my position today.
Had I not done so, it would have rolled snake eyes.
Thank me later.
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