Whatever happened to gay rap anyway?
Today was kind of interesting, no? False alarm breakouts all over, and almost none of them held…
Save for the PM miners of course. Sort of like a… a… PM Dawn, no? I took my cue off the Baby $HUI earlier today, as it had gracefully touched the bottom of it’s trading channel and then sprung up like a coked out stallion loose in the mare barn. True, it sold off some at the end of the day after that initial hop up.. but I still like the pin action. Note:
Despite the long wick in that last candle, I like how there’s still lots of room to run on the RSI and the other stochs. This puts me in the mind that we are seeing a genuine handle breakout here. On this action, I doubled up on my XRA and BAA positions, as noted in The PPT today, right before lunch. I also added to EXK, AG, GDXJ and SIL. I even bought some more RGLD, just to add to that pile.
Some other nice movers today that I own, but did not add too (much to my chagrin) included AXU, ANV, AUQ, AUY,GSS, NUGT, IAG, NXG, etc. Keep an eye on these for further developments tomorrow.
As I type, the dollar is below $77, Gold is well over $1,810 and silver is over $40, indicating the $HUI is steering us in the right direction. Enjoy tomorrow, as I will be “road-bound” again, and checking in from remote airport locations & scruffy hotel bar rooms.
My best to you all.
14 Responses to It’s a P.M. Dawn
Jake is Dr. Goldfinger.
Thanks Jake for the update. Very helpful.
Thanks. Just remember, if we fall out of that channel, its time to reassess.
I have a pile of KBX, a little POS miner that jumped yesterday. Cheap thrills for under $2. Been loading up on miners for 6 months now.
Thanks CH. Your always right on key.
Not for nothing but an article was posted today about KBX setting itself up to be bought. They have good properties but no mining operations. Always thought this would be the route they take. Find the ore, sell to an established concern.
There are lower risk opportunities.
Kicking myself for not adding to SKF yesterday. Does anyone have an opinion on FNV? My untrained eye liked the diversity of streams from larger more established companies (Newmont, Barrick, etc) as well as some more speculative. Market cap is > RGLD.
I had been looking at this for a while. I heard and interview with their chairman on King World News and he impresses me.
Thanks, hadn’t seen that interview before. I like the management team’s experience as part of Newmont. Have a 50% holding currently, hoping that mutual funds and ETF’s will start accumulating.
I have heard not good things about Franco.
The baby $HUI stinks!