*Note* — this was supposed to go out last night, but my posts would not save in this W-Press format last night. My apologies.
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This good morn, I have my good squire– Ser Hasty Bottome– buckling on the last of my plate, including bascinet, gorget, grieves and curaisse. I plan to wait out what appears to be an approaching “incident” in said plate and helm, thereby preventing my good-self from the whistling death of a well-placed morning starre or broad-axe.
Many of you know that I use the Trannies as my dog-whistle “tell” for approaching calamity, and whilst I cannot make for certain if what approaches is the blackest of knights (sic) or the fairest of maidens, I can tell you that Ser Tran of Sporte is signaling some change in the air for us all. Behold, yon daily rollover:
It seems quite certain that Ser Tran’s destrier hath overrun the 20-day EMA which bodes increasing dire that we shall meet once again with yon 50-day EMA (as noted) or werse!
Note the confluence of the 200-day EMA with yonder long term support line. Coincidence, methinks? Not verily, when one considers the weekly scrolls of magery:
Oh, blackest Wizard of Fibonacci! What ill spells do you cast that thou longest term resistance foretells an imminent roll-over in Ser Tran of Sporte’s valiant charge?
(turns away, bites gauntlet in shuddering grief)
And fie upon you, as yon monthly Parchment of Peregrination proves all too lucidly that your wizardly tricks have truly brought us to the final flourish of the “V” — whether for Valiant Victory or Vanquished Villein (sic) is not yet clear. I do believe the monthly provides ample targets for lance, bow and blade, however. Behold!
Yon weekly and monthly parchments may yet tell the tale, my favoured small folk. Be wise with your food stores and be ready to run to the safety of your lord’s keep should this ceiling be formidable in the near term. Ser Tran’s level of 5,000 looks to be first tidings should we fall here.
Be well.
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ha ha, in other words,prepare to get a long smack in the face with a mace.your use of trannies,is like my use of lumber,………….were going down.flooding in the south or not.
Good…ive been waiting to here from you. I expected as much.
I have just finished work on many a fortification, including some underground burrows, that shall see me through this oncoming storm quite well.
Mines to the wall of the hold-fast?
Then a breach, then a breach, serrah!
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Really good post Mr. Jacksonian
I’m waiting for $RGLD to come in a bit.
Not yet mid-2011, but already Newtie Newt is “done and done.”
Seeya, asshole.
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Bring on the fatman from NJ.
Skinny guvnah of Indiana.
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Gap-toothed blackman from Fladida.
liberty defender from texas
or tennessee
scratch that Kentucky
My what a long sword you have
Better to… oh, never mind.
Is that a kite sailing avatar?
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oh, I am confused…”not yet clear”? of what…”help” said in small uncertain voice…
When will you relent on Silver?
Whaddaya mean relent? I told you to get to 40% of core about a week and a half ago. That’s as much “relenting” as I’m gonna do, So sorry.
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Jake,
You still have a full or near full position in the PM’s right?
Not full. I was never at “full” to begin, and recently I’ve been loosening up on the AGQ. Only about 1k shares left now.
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Got stopped outta AGQ today, small loss. Also stopped on DGP, small profit.
60% cash until….hair catches fire again.
But still holding near full positions in the miners? I know the idea is to trade around a core position so with the recent selloff, especially in silver, wouldn’t it hold that now would be the time to be close to a full position? Just like you were selling when silver approached $50 I would expect accumulation now that it’s down in the 30’s no? Wouldn’t this same logic be just as true for AGQ too?
It would be if I thought silver was done going South. I am not quite certain of that yet. I expected a retouch of the lows, and it looks like that’s what we’re going to get. I will know whether to dump more or add by tomorrow if we get a retouch of last Thursday’s lows.
I am at less than 1/3 position on AGQ for similar reasons.
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Keeping powder dry, hoping to reload at $29 or even $26, but I’ll settle for $32/oz. The real dilemma is what miner will best shine my shoes?? $AG perhaps?
SLW.
Always that first.
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http://www.zerohedge.com/article/eric-sprott-discusses-silvers-prospects-and-last-weeks-raid-max-keiser
Eggselent, but I don’t think it’s in old Eric’s hands.
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It isn’t in his hands; I liken the paper silver market to a man battling an army of 5 year olds (physical buyers). There are a few 10 year olds to watch out for like Eric, and others internationally, but eventually, an army of kids can tire out and overwhelm the man if there are enough kids with pointy sticks.
On second thought, that’ a terrible analogy.
Thoughts on exk down here JG? Is it piquing any interest?
It’s cheap.
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AAU just punch me in the nads.
“That one’s gonna leave a mark.”
You and me both… is there news?
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Jake, this is the only thing I can find. Financial statements. Thoughts please?
http://www.sedar.com/new_docs/new_financial_statements_en.htm
There was a “statement of going concern” on the first page of the notes, but that’s pretty normal for companies like this. Maybe the market is disounting that language?
These material uncertainties cast significant doubt upon the
Company’s ability to continue as a going concern.
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I couldn’t find anything
I hope this is not going to waylay my plans of early retirement.
Here, let me sell my position, so that the stock will go up like it should instead of going down like it is.
Thanks random, that was nice of you.
Seth Klarman bot a boatload of ANV Rather recently.
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I picked up some more GSS at the 52 week low to satisfy my masochistic tendencies.
Was wondering if you were still flogging yourself with that one. She’s a bear.
Yup…Avg price about $0.50 north of here…
“Thank you sir may i have another!”
I’m gonna get me some cheap gas
http://tinyurl.com/4yzrawa
Funny, but that’s about right.
He should have said, “or candlesticks, silverware, etc… ”
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