You See Kid, It’s All About the Proper ‘Stache
___________________
Well, the J-E-T-S, Jets, Jets, Jets lost… and many a friend, relative and associate is in mourning tonight. I can almost feel their pain. It’s tough to get so close to the Superbowl and then lose in a disjointed effort like that. But the Jets should take heart, as they’ve a team to build on. As well, the Steelers have indubitably the best defense in the league, and perhaps the best coach.
And let’s face it, for the Jets to win a third playoff game on the road would be considered by some to be a near miracle.
I say “near,” because of course my own beloved Giants have performed that 3-Road Game Playoff Win feat, and topped even that by beating “the Unbeatable” New England Patriots. You remember the Giselle Bundchen-related Patriots? The team who had gone unbeaten in every game in the 2007 season…
Except the one that counted, I mean. Heh.
No matter, the industrious Steelers pulled off the same carny trick the year after, albeit against a far inferior opponent. Nevertheless, Mike Tomlin is great, Ben Roethlisberger is a loathesome pig, “Go Packers!” and let’s move on…
___________________________
You want to know what I think the dollar is doing here? I think it’s getting ready to rumble. It’s been drip-sell, drip-sell, drip-sell for weeks now, and yet gold and silver have been pedaling in air, rather than soaring. That means gold and silver, in their heavy, shiny brains know something. This is what I think they know:
We might get a scrape below $78.00, but I think that’ll be the dog and the frog. You’ll know the dollar is done diving because the market will crack like a ten week old egg left over from a third grade science project. It’ll be smelly. Are you prepared?
Everyone is asking me when I’m going to buy you-name-it– SLW, EXK, GDX, ANV, EGO etc., etc.
Listen to me when I tell you that when its time to buy these things again, you will NOT want to do so. Hear me? Stop being so damn anxious and go have a clove cigarette and a warm paraffin foot bath or something.
In the meantime, here’s where I see EXK, you greedy little pigs, you:
Now remember that’s a weekly chart up there, so things will move slower than we’re used to seeing on the daily, and that distance to the buy is a site farther than it looks. It might be three or four weeks from now. So chill.
And here’s a bonus for you dynamite-strapped rocketeers out there. If you try this, play it small because it’s wilder than boar hog afflicted with a case of cannibal crabs. You see how much it was up on Friday? Well don’t believe it. This suckers going down just like it did last time. Here’s my take:
That’s all for now. Play tight and play defense this week.
Good luck to the Green Bay Packers, a real “good guy” team. I might even root for Pittsburgh, but then, I have a daughter, soooo … no.
_________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
Had to bring up 18-1, didn’t you? Couldn’t have even done it at the end of the post? Had to be right in the beginning as if to summon ill thoughts of that lost spring while I read the rest of your work?
I know why you did it. You’re begging for me to counter what you wrote. Argue even. Well my like-minded luster loving lyricist, this dilettante is singing along.
go pack go
Thought you were a Viqueens guy?
I know I could never root for the Beagles, Crackboys or Deadskins (denizens of my NFC East Conference).
________
I’m going to give you a chance to be on my starting roster…if you call this market turn right. I am going to do just as you say and burrow into a bunch of hedges, nice and tight, and hope to ride out this coming storm. And when I come out Im going to buy a bunch of your beloved metal-related stuff. Maybe…
Beats butane baths any day.
___
Thats what im hoping…i could use a core portfolio that i don’t have to change as much
Have you ever seen a live human being quite like James Harrison? I might make him my new avtr.
Nice chart chompin. $UUP….
BTW I did see that score for Louisville on Sat…don’t think you can hide that.
That was payback for St. John’s the other night. I always find myself wishing we could spread our 3’s around a little bit. We were 50% against St. John’s in a bloodbath that was never close. Against Providence, they couldn’t find the hoop. Drives me crazy.
But Providence was due… they took both Pitt and Cuse to the final minute and let those games slip.
__________
I was there, good to finally see a win but I have to say the Friars are awful. I still can’t believe they won that game.
I forgot you were an alum. They’ve had a number of close games this year. Great shooters, bad defense. We needed some of those treys from the Johnnies game that took down your Maw and mine.
_________
Jake
How do I get the RSI on freestockcharts.com to look like yours?
I actually have a subscription, so I’m not positive you can change in the free version. But if you can do this, all you need to do is go down to the “Indicators” box at the bottom and change the “RSI” metric to 5 days.
Not sure you can get the wider charts w.out a sub, though.
__________
You are on stockcharts.com, right? I was messing around with freestockcharts.com (2 diff sites) and the RSI on freestockcharts.com doesn’t look anything like the RSI on stockcharts.com. Your RSI looks like my williams %r
Sorry, I googled free stock charts, and I got stockcharts.com. Don’t know much about that other one.
+______________
note that Jake is using RSI 5 (Woodshedder did a good series on that)
also when using freestockcharts, make sure to select “RSI – Wilder’s”
should solve it. good luck
i hate the packers…but i hate the steelers even more. the enemy of my enemy is my friend, etc.
i’m pulling hard for st. francis this year, though. STFU 4TW.
How awesome would that tee-shirt be?
Every time they beat a rival, they could chant “S-T-F-U!!!”
_______
Not sure why you hate the Steelers… not exactly a Viking rival or anything. I wouldn’t even dislike them if it weren’t for their Big Pig QB.
Or was that your sister down there in Georgia?
_________
“It’s fun to stay at the…S-T-F-U.”
——
“Haters gonna hate.”
http://www.nihilismandcupcakes.com/wp-content/uploads/2010/10/haters_gonna_hate.gif
That’s genius.
______
Thanks for the charts and prognosis.
Should have a picture of Matt Snell, he’s the one that won the game.
That’s before my time, so I googled him… and found this:
Snell attended Carle Place High School in the one-square mile town of Carle Place, New York, where his picture resides in the Carle Place High School Athletic Hall of Fame.
Carle Place was one town over from where I grew up. I can’t believe anyone ever came out of the school, never mind a Super Bowl hero.
_________
Jake,
What do you think about a decline into march with a low of 1150-1160 and then off to new highs from there?
thanks
That seems rather extreme, but we’ll wait and see. I’d be surprised if we lost more than 100 pts on the SPX.
____________
1150-1160 in gold. that would be scary. I am not going to be “scared” buying at 1265-1300. Will you? 1235 breaks and people will get scared.
I think if we break $1300, the noobs will be scared shitless.
_____________
Looking for a big gap down at an open or midday (doesn’t really matter) and then if the major gold stocks (NEM,ABX,GG,AEM,etc.) are down very little or start to recover as the physical price keeps going down then that will be a signal of at least a nice bounce.
I disgorged even more core holdings tonight. I didn’t like what I was seeing. I’ve got more cash now than I’ve had in two years.
______________