Gettin’ Back To Lawn Guyland Form, Ovah Heah
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This is going to be quick because I’m not sure how long this modem is going to hold out.
My apologies, but in my past forays to “Summer Noo Yawk” I’ve never had any trouble getting on line via the wireless. This time around, however, we are having “modem troubles” (the wireless network is fine, it’s the ‘net access which keeps blinking off). Yesterday, I was able to make one brief comment about Le Monsieur’s cawfee troubles and then I was unable to get back on the rest of the day.
I am going to cross my fingers and hope that this transmission gets through.
With regard to today’s title, my point is, I often seem to do better in my portfolio when I am away from my home. I can’t explain it, and perhaps it’s all just coincidental, but it seems like whenever I’m out and about, I have special market guardian angels stamping down the price of the dollar, or boosting the price of the precious metal markets for one reason or another. I continue to believe that this Kabuki Theater debt ceiling deal means nothing at the moment, because the world’s bond traders see it for the political sham it is.
They also see Ben Bernanke running the printing presses like mad, which is why the dollar keeps dropping like Emma Stone. I have little doubt that we’ll see a drop to the old “Sub $73 lows” on the dollar index and quite possible will see new lows before the false debt ceiling dance is concluded. I hope you held onto your DGP and your other mining assets, particularly RGLD, SLW and ANV.
For those who are confused about this political dance — I remind you, the debt ceiling itself does not matter, it’s the resolution of the debt debate that matters. Bond traders may not care about an artificial ceiling argument, but they do care about the U.S. attending to an out of control debt situation. The 30-year bubble in Treasuries could come to an eventful end here if the world decides our sovereign credit is no longer creditable. You might want to look into TBT as an alternate in that case.
Best to you.
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What’s up with $AAU sucking wind?
Sub $5 stocks are dice throws. Especially in the PM exploratory stage. You should play small or be prepared to be patient.
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Wearing a rosary while rubbing boners with your boyfriend is classy.
I’ll take your word for it.
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I was about to ask the same thing as illmight. Is this an opportunity to try it again or is it headed to $0?
I don’t think its headed to zeri’ if that’s helpful. I haven’t sold any and may look to add on further weakness.
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Hope you’re enjoying your vacation – don’t OD on lobstah!
Yes, thanks. No more lobstah, as we are done w
Maine and now on the chicken parmagiane kick.
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Stay on vacation!
I doubt much of interest can happen till a debt deal is done at the last minute. Our debt is still the best shanty in the debt gheto. Anyway, who really thinks a deal will be done on our outrageous debt till the can gets to big to kick down the road?
$AXU – is this drop specific or sympathy?
JG,
What are your thoughts on FRANCO NEV CORP (Other OTC: FNNVF.PK )? They follow the RGLD royalty model and have been one of the rare PM companies to actually outperform bullion. I just listened to an interview with their chairman Pierre Lassonde and he said they will be trading on the NYSE under symbol FNV come September.
CH:
How’d I do on my TZA?
Fly 199
Jake 00
Pfffft..
You are amusing, though, with your “scrappiness.”
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