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Do not miss even one second of it, mothaflickas.
I’ve sold off a little more silver and a tiny bit of gold today. Mostly in my disappointments… like AAU. No, don’t worry, I still have a tonne, even as my gut tells me that it’s time to pack my bags for the summer and move down the road to a small shack from which I can barter conch meat, small beer and crab legs for shiny bits of tinsel I’ve stolen from the gulls.
That’s right, I’ve become an itinerant beach comber and summer lacrosse Dad, rather than a procurer of fine equities for you and yours. Oh, I’ll come up with a couple of dolorous pronouncements here and there, for sure. If I can get this thing to post without ghosts.
This week I will be accumulating cash. That’s what my gut is telling me to do, although gosh knows, betting against my gut has won me much lucre in the past as well. I just don’t like this dollar action, however. I was hoping for a downswoop and all I’m getting is a sag, and gold seems to be becoming sympathetic.
I don’t like that. Not one bit. So for now I’m going to give some up to the stop sign sun, and await better squid-shark oceans.
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Senator
Picked up some DGP last week. I will pick up some silver calls based on your previous post. I hope you have fun at the beach. Being a beach comber is fun from time to time (especially on other peoples coin). I hope you enjoyed your birthday and enjoy the beach.
CTB — I would be hedging my silver at this point… Watch the dollar here. I think it’s only a few days from bottoming, and the metals are signaling.
I could be wrong, but be cautious.
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Senator
I will follow your sage like advice on the PMs. Thanks.
Please get this up and running before the A wave. We will all need your commentary.
I got that same feeling and sold my AG and EGO today … almost pulled the trigger on NGD too as gold stocks looked toppy today … my OEW guy had this to say about the PM’s this weekend:
“Gold, (+1.6%), is likely to confirm a downtrend soon, joining Silver and Platinum. It held support quite well during the selloff in commodities. Yet, it has been unable to generate the upside momentum needed to resume the uptrend.”
Will raise more cash on any positive move up in my remaining silver and gold miners till fall … seems “prudent.”
Jake you sold out completely of AAU or still holding some position?
Still have most, but I am willing to hold the “story stocks” longer, as I consider them VC.
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I’ve been leaning the same way, but then I saw this guy Gregor McDonald on Stocktwits – he can’t hold a candle to your PM analysis and intuition, Jake – yet he twitted he liked the major gold miner’s here and that got my attention. I’ve been checking single PM stocks’ seasonality during the summer months in the PPT. The data for the PM ETFs shows they go down minimally through the summer months, less than 2 percent typically. That being said, I may be interpreting the data as my own wishful thinking. However, the seasonality data in the PPT is a good place to start when looking at rebuilding positions like EXK again.
I thought so, this is the same feeling i’ve got.
The only thing making me want to mostly hold on is the europe debt situation and the upcoming debt ceiling situation…either of those seem like they could suddenly produce a huge PM spike, depending on what happens. I may lighten up a teeny bit but i will probably mostly hedge.
anyone know what the new symbol is for QSURF ?
AMEX: QRM
danke !
If that beach is anywhere near Hatteras, I’ll be the ‘way over 47-1/2″ guy not wearing a bright coloured Euro speedo. But half jarred up most of the time, nonetheless.
I might unload the AGQ I bought at around these prices a while ago, but other than that, I’ll stay balls deep in precious metals untils she’s 9 months pregnant.
http://www.youtube.com/watch?v=57UJmlj5BgI
Hey US politicos, is this legit?
Can’t believe no one’s commented on that bizarro vid.
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Okay…that is one bizarro vid
Got it from my 13 year old.
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You’ve reached a state of honorificabilitudinitatibus. Delighted that you’ve stayed.
AAU = teh suck
AAU= VC trade.
Got to about 45% cash today.
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Folks that trade stocks are being raped by Wall St and liking it or else why would they keep going back for more?
While the melody has a consistent theme, it’s the mid-section of the video where the stop sign is truly emphasized and slightly “backmasked.” You may need to play this video 24 or 25 times before you hear the nuanced grace of this song that’s sure to blaze the BillBoard charts.
Ha