iBankCoin
Joined Apr 19, 2009
721 Blog Posts

On to the Next…

[youtube:http://www.youtube.com/watch?v=WM1RChZk1EU 450 300]

The Greatest Hip Hop Video Of All Time… Do you Dispute it?

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And so appropos, no?   Can you dispute I got a million ways to get it?

Who holds the Jacksons, still?  Which of you?  

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I took some silver off today, specifically SLW, PAAS and EXK.  My positions in these were fecund and preposterous.  They were an insult to God, they’d grown to such metastisitic proportions.

So I reset on some.   But I keep all of my SVM, MVG, and SSRI, with an eye on adding again to all of them.

And even more so with the gold juniors.   Some have asked me, “what of IAG?” 

More of it here, good sir?

Yes, good sir, yes, yes.    And NG and IVN at any scant opportunity.   But above all, constantly feed RGLD

Outside these of the Precious, only MON, UPS and ANDE are attractive to me right now.  

Go on now, I’ve given you enough! 

Go!

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35 comments

  1. HawaiiFive0

    Thanks Jake!

    You have helped me a great deal and it’s much appreciated!

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  2. JakeGint

    Glad I could be of service.

    _____

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  3. HawaiiFive0

    Jake,

    On my charting software, I’m getting 2 IVN’s and 2NG’s. One IVN says limited after and One NG says INC.after it. And each have one on NYSE and one on TSE. Which ones should I be looking at?

    Thanks!

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    • HawaiiFive0

      Never mind Jake.. stupid charting software. My Power E-Trade gets it!

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  4. Noted

    Thanks for the ideas Mr. Jake.
    Congrats on your success.
    Months ago your pm investments were not so well received.
    Is the long-term/ mean gold/silver ratio 40ish?

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    • JakeGint

      It can get there, but it’s been closer to 50x in the last forty years or so.

      Used to be 16x, back in the day!

      _____

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  5. flyaway18

    Jake, no doubt about it, when you have given the green light to buy, it’s been money in the money in the bank every time. As I recall, you and Fly were discussing just 6 months ago the rise of TBT, and, so far, your call of this year has been correct. It will plod upward until Fly buys it and then likely break the heck out.

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  6. mrkcbill

    much obliged oveh heah

    didn’t know if you’ve seen this…I’m sure there are more than a few readers who wouldn’t mind buying your tickets
    http://bloodybloodyandrewjackson.com/index.html

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  7. chivo

    Jake

    Your thoughts on the JPM/HSBC development’s effect on the price of silver the last couple days?

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    • Jakegint

      Certainly looks like we’re undergoing a measured squeeze here, doesn’t it?

      Would be a shame if it devolved into panic.

      _____

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  8. Blitzed

    Hey Jake:

    Why RGLD? I’ve had it in the past but EGO and ANV seem to consistently out perform it

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    • Jakegint

      Potential is not recognized. Keep storing it away. Similar royalty type play as SLW, but with more opportunities.

      _________

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  9. drdart

    I was going to ask the same question as Blitzed….I have owned RGLD since early in the year and watched the smaller caps blow by it. It is flat while gold has gone up 40%.

    What is it about RGLD that you love and what will finally give it some upside? Most of your picks have been really good and I keep wondering “what it is about RGLD that Jake loves?”

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  10. drdart

    I was going to ask the same question as Blitzed….I have owned RGLD since early in the year and watched the smaller caps blow by it. It is flat while gold has gone up 40%.

    What is it about RGLD that you really like and what will trigger it finally give it some upside? I would have thought this one , if any wuld be levered to the price of gold. Most of your picks have been really good and I keep wondering “what it is about RGLD that Jake loves?”

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  11. Jason

    NG! Indeud. Bought it just above $10. My best trade so far this year. Jake, what is your price target on NG? Seems parabolic at this point, was going to take 1/2 off at open.

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  12. Rand

    Watching ghost hunters?

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  13. chivo

    Jake

    Not so sure what to think of the movement here in the PoS regarding jpm/hsbc news. Normally I would think it would have to be more public to affect the price so drastically. But in today’s world, with stories being covered up/hidden/played down etc that would normally be huge, I can definitely see it happening.

    Best path for us is to lighten up, but maybe not as much as usual. After all, we’ve been in the play for a while and captured the entire move. Especially you. Looking forward to see how you react, as watching exk up 10%/day would usually force my finger to hit the sell key. But with this news, who knows. Could be $20 before 2012

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    • Jakegint

      I sold another 6k of EXK as reported in the PPT. Also 2k of CDE and 600 shs of AGQ.

      All at egregious prices.

      _______

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      • chivo

        Yep. I saw that.

        What would you need to see to think jpm/hsbc are being forced out of their positions?

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  14. chivo

    Ouch!
    Good thing I’m only sitting with 50% positions in EXK, PAAS and SLW 🙂

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  15. chivo

    After the recent run, I’m going to be a little patient. I think I’ll dip into options first, probably…

    Happy to see silver responding appropriately, though, so I can continue to be confident in the thesis regarding the silver trade

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  16. Donovan

    When I saw you were shedding positions yesterday I didn’t catch your comments until it was after the close. In the past I followed your trades out and then got back in early cause Silver was basing quickly.

    Out of SLV and much of my PM stocks around 28.10 today…then it spiked up and I went to eat a sandwich. Looks like you made the right call again.

    Thanks for your effort and wisdom Mr. Gint.

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  17. Jakegint

    Actually added some ZSL (blasphemy!) at $13.37 as recorded in the PPT. I thought I was top ticking at the time. Do not plan on carrying it long.

    This is why we sell some, folks.

    ______

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  18. go2mars

    Best music video ever?

    Ever see the video for “call on me” by Eric Prydz?

    Oops. Just noticed it said best hip-hop video of all time. Nevermind.

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  19. youngnate

    DISPUTE. clearly this is the best rap video of all time: http://www.youtube.com/watch?v=NNEgUPKxk7A&ob=av2e

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  20. HawaiiFive0

    Raised my stops on EXK and SLW and got stopped out with 2/3rd’s of my profits in these two large positions. Will be looking to reload soon.

    The rest of my positions have very large stops, so the PM positions went from went from just over 30% down to just over 20% of port. Once I add small positions of EXK and SLW back, my core PMs will be intact.

    I plan to step back in slowly, possibly starting tomorrow.

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    • Jakegint

      Now you’re talking!

      I kept 50 and 60% of my SLW and EXK positions. Until this thing is really done, that’s about as skinny as I’m going to get.

      ______

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      • Noted

        Jake,
        Great call on the pullback.
        I stayed in & took one on the chin. Some day I’ll listen.
        I will cash out when this thing really goes armageddon though.
        Fundamentals still very much in place imho

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