iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Tomorrow and Tomorrow And Tomorrow

Lady Macbeth

__________________________
Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life’s but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.

— Billy Shakes (Macbeth, Act 5; Scene 5)

__________________________

I think tomorrow will tell the tale, as I just don’t think this freaking Blackened Cross situation is going to last much longer.  It’s either going to break down and we’re done, or we’ll have liftoff here:

Again, I’m not getting very excited here.  Gold is hurting tonight, despite the dollar’s continuing south.   Silver has worked off the oversold condition, and it too looks like it might take a breather here.  If, however, we get a break through those price barriers above, then it’s “Party on, Garth!”

In the meantime, I have something more immediate:  a Monsieur Le Fly special — a Hunnit Dollar Roll stock, starring one of my old clients from the old days — JOYG, whom I love because it sells… what?  MINING MACHINERY!  What’s not to like?

Note: the above is a weekly chart, so this current move carries even more weight, given it’s rocketing off the 34-week line and through the 13-week EMA.   I’ll be balderdashed if we don’t get a 100-plus roll going forward.

Best to you all, my friends.

____________________________

If you enjoy the content at iBankCoin, please follow us on Twitter

18 comments

  1. MOTV8

    Happy happy, joy joy!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Gumby

    BRAVO !!,
    JOB WELL DONE MY LAD !

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Juiceyfruit

    I think the miners (XAU/HUI) have put in their lows .. there’s been a positive divergence against the underlying metals recently, opposite of the action in April where the miners peaked several (about 3) weeks ahead of GLD/SLV. .

    If mirror image action plays out, I’ll be on the lookout for a GLD/SLV bottom in 2 weeks or so.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Jakegint

      Well, your theory will certainly be tested today, B. POS and POG are down a bunch this morning. Let’s see what the miners do in response.

      _____

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Juiceyfruit

        I think they wont get crushed … call me a buyer … albeit, very slowly … at least that’s my game plan, subject to abandonment at a moments notice(panic) 😛

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  4. Mr. Cain Thaler
    Mr. Cain Thaler

    Have a good 4th Jake

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • JakeGint

      You too, Cane. I think I will be up in your area quite a bit this summer/fall, so we will have to pour a couple.

      _________

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. Dmg

    Ahhhh, how I’ve missed the “hustle & bustle” of brookville blvd.
    /sarcasm.
    Much better scenery flying into LGA vs JFK but not sure worth the hassle getting to the south shore.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. TeahouseOnTheTracks
    TeahouseOnTheTracks

    $1450 looks good for adding gold positions … Happy 4th All !!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Chango

    “I’ll be balderdashed…” The lexicon on this site is truly top notch. I’m going to use that phrase on my next conference call for sure.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. flyaway18

    We broke down and the 50 crossed the 200 on the daily $HUI chart.
    However, I am predicting sideways movement here as we know the precious metals tend to underperform in the summer months. Then, we break upwards out of a volatility squeeze and we all live happily ever after, an ending quite unfamiliar to William it seems.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. jande9

    Any thoughts on lithium?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Hack

    I just got my crystal ball back from the dealer and it says “Gold is overvalued and will go lower”…and “With the end of QE2 the Fed will make it a point to undermine the value of commodities thereby scaring the speculators away”….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. go2mars

    http://news.goldseek.com/GoldSeek/1309532700.php

    An interesting theory on the purpose of derivatives markets. Fascinating. I recommend reading it. It isn’t a very long article.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. go2mars

    http://www.fundanomics.org/

    • 0
    • 0
    • 0 Deem this to be "Fake News"