iBankCoin
Joined Apr 19, 2009
721 Blog Posts

What Better Explanation Do You Need?

For the Bubble that took down the Economy?

_____________________

I stayed in Silver and her miners  today because all of my charts are telling me we are still in the early stages of a liftoff in those miners.  The golds on the other hand are a tad more stretched.

As per my announcements in The PPT, I took some profits in DGP, NUGT, IAG and XG today as a result.  I still have plenty more, but wanted to build some cash for opportunities.

Best to you all.

____________

 

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15 comments

  1. The_Last_Puma_Punkanite
    The_Last_Puma_Punkanite

    I believe I’ll start that whiskey still operation I was thinking about…and I’ll name one of the beasts “Jake’s Siiver ” in your honor…I was thinking “corn mash” we seem to have an abundance of it around here…work in progress

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  2. johnny2time

    Blow off top today in gold? Hopefully we get some nice consolidation so it doesn’t get too hot.

    A little ticked I sold my paper silver.

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    • JakeGint

      me too.

      ___

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      • johnny2time

        They’ll likely put another band aid on the situation in Europe and we’ll likely get a PM pullback. I will load the boat should we get that opportunity.

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  3. TMoe

    Is that a cock and balls formation????

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  4. Hawaiifive0

    I got out a few days ago and am waiting for a pullback in gold and the dollar to start to fall.

    I could have made a bit more had I stayed in, but at least I protected those gains.

    My mistake thus far was to go into SSO too soon.

    If the market takes off, I will be vindicated, if not I’m screwed.

    Now back to trying to figure out how to generate electricity when it raining and there is no sun. When the solar panel doesn’t provide enough power to charge the battery, I can’t trade at all. I hope to get something worked out by the time the dollar starts its downward spiral.

    As always Jake, your commentary is much appreciated.

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    • duck

      Can you set up something with a bike trainer to provide electricity for computer purposes. Get in shape and make money???

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  5. JakeGint

    Thanks H-5-0…

    TBT bouncing here.

    Dollar plummetola, gold and silver could be parabolic topping for now…

    Time to start sniffing for bargains, I think. BWA anyone?

    _______

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