Don’t dare ask me about the dollar, small pleb!
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Quickly, quickly now, as the spice melange takes maximum hold… I shall reveal the revelations of the spice dreams as controlled by special Bene Gesserit training taught exclusively to me by Madonna.
First, I reiterate, with cement-like, no…concrete-like certainty, the devolution of this market will be marked by the application of much spice melange to my upper respiratory tract, especially my nostrils, where it is most tasty and vision-producing.
I envision our dollar to be entering some significant retrace territory on the weekly chart here, and soon, trouble:
As you can see, we are not yet oversold on the weekly (we should not be as we bottomed a mere two weeks back), but we are approaching some significant Fibonacci retrace levels at 61.8% of the latest large drop from the March to December ’09 period.
Not coincidentally, that huge dollar drop brought us our relief market. Now I think she gets ready to drop once again, as the dollar “recovery” continues to weaken at the firm but effeminate hands of Ben Bernanke.
The dollar daily is even more immediate:
As you will note, on the daily, the Gom Jabbar lies even closer to the neck of the weakling dollar, as it is overbought already after a mere 11 days since it’s last bottom-scrape. A mere word will bring it to it’s knees, and I think that word is “Fibonacci.”
Or it could be “black candle,” even though that’s two words, technically.
No matter, gold held fast today, and as I commented to M. Le Docteur earlier today, whenever gold and the dollar rise simultaneously, it usually means one of them is about to break. Today, the dollar blinked first but recovered. The rest of the week should tell our tale.
In the meantime, gold and silver miners may continue to consolidate here. While you are eating that sandwich and waiting for them to break out once again, take a gander at ANDE, the old Jacksonian agricultural stalwart. I expect MON to recover here with the rest of the ags as well.
May the great red beard and moustaches of Frank Herbert bless you all, and good night!
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Fear is the Mime-killer. And who doesn’t hate mimes?
Do not test me!
I feed pale mimes to my Berzerker Sadurkar phalanx.
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Did the G-E shit can Scott’s show this a.m.?
Not by my decree. Perhaps he is “offworld” on vacation?
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Your comment on gold today worked like a fucking anchor on an airplane. Hopefully you will be right tomorrow, for i shall hold you accountable inside of ibc’s cement chambers.
Never question your God Emperor. I may requisition your first born for Mentat training. Do not mar his chanzes.
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lol
My Reinforced Concrete Design class prof. always “reinforced” to his students to use the words “cement” and “concrete” correctly. Technically, cement is an ingredient to concrete.
From Wikipedia:
“Concrete should not be confused with cement because the term cement refers only to the anhydrous powder substance (ground clinker) used to bind the aggregate materials of concrete. Upon the addition of water and/or additives the cement mixture is referred to as concrete, especially if aggregates have been added.”
Off to snort some cement…carry on.
Do not question your God Emperor’s metaphors! I will set you out in the Arakeen desert with a pod of thumpers and no worm hook!
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You found your old Dune books cleaning out your garage?
My brain is not unlike an overstuffed garage, but my oldest has been reading the series again.
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last month, i made the wife watch that movie and she hasn’t let me live it down
The mov(ies) are vastly inferior, IMHO.
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TBT down below 30.00 now and I read you bought some several days ago.
I think it’s a short term buy here (like now in the pre-market).
You going to add?
My hands are full of knife cuts, so I will wait to make sure we’re really done this time before grabbing more.
But I think you’re right… there’s a ten point move north coming.
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Out the TBT bought in pre-market.
Just about 3% gain.
I’m a daytrader and can’;t help myself to a decent intra day profit.
I cannot argue with what works!
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I’ve come to slay you, foul dick beast.
I am a sandworm-human hybrid, illiterate pleb!
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….but worry not dick monster, for I shall kill you with kindness in my heart.
Nameless Exclamatory Mermydon! The God Emperor lived for 3,500 years!
He is now, unfortch, dead as a ground slug.
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That picture should be the current KoPG’s avatar.
Turd? LOL.
Gold and silver (esp. silver) riiiiiiiiiiiiiiiippping!
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Evo- that’s funny!
Jake,
Sorry I don’t have any clever Dune references. I did read the books when I was a kid and even had a video game.
Any thoughts on MCP for the long haul? I’m looking at ANDE and MOS (along with some ETF) to start building a ‘Farmer John’ portfolio and can see MCP and related to start a ‘Miner Bob’ portfolio.
Since you have read the books the God Emperor will deign to speak down to you:
The only “developmental miners” I like are in the gold and silver field, because I know someone will buy those assets in this roaring bull market, even if they have operational issues.
Thought I love moly (and TC, unfortunately), I am not so enthused about a moly developmental stager having the same “resiliancy.”
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Not dead yet!
Wrong…. idiom, sir.
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VGZ!
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Noted.
Jake, you are officially insane.
Vile and corrupted, as well.
…and a whoremonger, from the looks of your avatar.
Reprobate!
I monger no whores!
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Loved the book dune