iBankCoin
Joined Apr 19, 2009
721 Blog Posts

A Message from the Porcelain Shadows

[youtube:http://www.youtube.com/watch?v=_qO66Rmi1Mw 450 300]

____________________

Just in case any of you Wall of Worry Erectors have missed the boat these last few important days, I’ve elected to make it much simpler for you with a quick chart review. 

You can print this out and put it in your wallet, and then whip it out any time the market is giving you the knackers or the frosty shivs.   We can call it your own homemade “C.F.A. merit badge” and if you send it to me with a self-addressed stamped envelope, I’ll even autograph it for you to make it all official-like.

Laminate it, why don’t you?

Now that you’ve got all you need to parse the markets for the next six to twelve months, I don’t feel so bad taking off for the Annual iBCFly Convention and Hay Ride (down 9th Avenue this year, accompanied by a Trannie Jazz Band, it so happens).    I will try to get a post in tomorrow, but as I will be traversing this great earth with the entire family, I would implore you not to get over-antsy about it.

ANV and IAG continued to knock bawls like Jerry Nadler at the last Matzoh Ball Deli in Brooklyn.   EGO and SLW also punish detractors, as do the other silver gods, EXK, PAAS and of course, MVG.   Hat tip to the Most Wrong Blog in Internets History for crapping on silver today and ensuring our big wins.   As always, your karma boomarang is most appreciated.

It looks like we got the beginning of a well-expected dollar rebound today, though I don’t believe it will amount to much.   We may get a bit above $81, but then, you’ve got your laminated cheat sheet to reassure you on ultimate targets now, don’t you?  So chin up, and hang on.

Best to you all.

______________________________

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46 comments

  1. Hammy

    Enjoy the trip!

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  2. alphadawgg

    North to Alaska to pan for gold are ye?

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  3. Spoon

    I call bullshit on this nonsense!

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    • JakeGint

      And I say…

      All in all you’re just anothah….

      Brick in the Wall.

      And I thank you for your role as mortise in the operation.

      ___________

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  4. TA

    Jake wins again!

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  5. Le Fly

    I hear if you go to alaska you can see the end of the republican party.

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    • JakeGint

      Ba-dump-chaaa!

      Ah, but what a nice end!

      _____________

      Come to Indianapolis, meet the next Reagan.

      Albeit w.out the great hair.

      ____________

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  6. HawaiiFive0

    Looks like a fib with at 77 and 74 added somehow.

    Am I right or partially right?

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  7. Le Fly

    No one goes to indianapolis

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  8. Kenai

    Enjoy your trip Jake.

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  9. kohai

    Jake – wish you safe travels and a kick ass break… be well.

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  10. Yogi & Boo Boo

    Indeud.

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  11. drummerboy

    jake,when you and RC get back from da flys’ crib, get some pictures of the badly burnt lawn,will ya.lol……….be safe.

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    • JakeGint

      I do not believe we will be visiting the Island of Herr Staten. I’m told the tolls on the Verrazano are now higher than a round trip airline ticket to London.

      ______________

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  12. chivo

    Jake…
    So because they have to print the money to spend on treasuries, creating an inflationary force, it’s just a matter of how much they have to print to overcome the deflation already present?
    And through policy they can artificially adjust the rates if they are to succumb to the pressure of the purchase of treasuries?

    TIA my man, TIA…..

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    • JakeGint

      Well, in the Quantitive Easing you describe, the Fed is actually artificially working the rates via purchase of short term gov’t securities. They are also laundering the mortgage garbage via these means.

      __

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      • The_Real_Hmmm

        RE: Mortgage Purchases

        I think that the Fed will be able to hold/repo/dollar roll those assets as long as necessary with minimal downside risk. MBS risk can be thought of in two forms, default and prepayment. They both are credit and market-based, to an extent. Right now it seems the main risk is the former. If rates and property prices drop to the point where investors can create a profit on the spread between collecting fees from rent/flipping and purchasing plus property management costs (if renting) and/or cost of rehabilitation/renovation, then the staunching will begin. In fact, CNN put a story on the front page in the Business section of their web page today about investors buying up homes via low rates. Educating the common folk about this potential opportunity is a positive sign. Once MBS show life of worthy risk premium, the Fed may be able to start to let some of them go.

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  13. TR

    Wheat is lock limit up. I do believe that the next session will reveal a doubling of the price in a mere two months. While this is a supply/demand issue, try explaining that to voters. Perhaps QE II will be delayed…

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Short bagels and pizzas … milk the farmer via irrigation, fertilizer & equipment

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  14. Hard Right

    Why shouldn’t those of us who are too old to be here just buy GDXJ?

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    • JakeGint

      GDXJ is an option of course, but does not offer as much upside as selecting specific juniors. The benefit ratio is different than in say, owning GDX vs. a group of large caps. In a bull market, you want to be long volatility.

      ___

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      • wishful thinker

        Would it be misguided, then, to expect disproportionate “catch-up” gains in the laggards (NXG) or “distressed” PM stocks (GRS) if gold makes a pronounced move through the end of the year? I am long about a half-dozen names and looking to add responsibly…there’s the temptation to resort to brute force on the “damn it, move already!” underperformers…bad idea?

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        • JakeGint

          There’s so many good ones, why waste time on the bad? That said, I try to throw a little money at all the juniors– “just in case.”

          ___

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  15. DMG

    You headed up to SnS?

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  16. DMG

    I hope the ocean is teeming with jellies.

    ————

    ; )

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  17. The_Real_Hmmm

    Jake- I’ve been redacted above. What’s up with that? (You can delete this post after you throw away the Sharpie).

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    • JakeGint

      Not sure what you mean… you mean you’ve had a comment taken out? I’ll check the spam filter.

      ________

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      • JakeGint

        There, it’s released. It’s one of those random deals, not sure why.

        ___________

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        • The_Real_Hmmm

          Thanks. Perhaps it’s a Mary Poppins chimney sweep jumping around the blogs. Poor fucker.

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  18. The Fly

    indeud

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  19. noodle

    Jake

    is gold gonna go up or down in august

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  20. chanci

    I don’t know, man. I just can’t understand this thread.

    Are you saying the dollar is going down, and therefore gold is going up? Is that what you are saying, Jake?

    If so, in true Canadian style…FUCK’N EH!

    LOL, just kidding.

    Hope you have a good vacation. Can’t wait for this winter and reading IBC again!

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  21. chanci

    Everybody’s gotta love this…remember this everybody???

    Hammy?

    http://www.youtube.com/watch?v=Unnh0T2Ftro

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