Nah, I’m not really looking for him, but I have been out here doing various “tings dat need to be done” (sic), and I’m sorry I’ve been neglecting you all.
This is sure one odd market, with the dollar, earl (sic), gold and the CRB all rallying at the same time. This seems to synch with my thesis that the world if finally realizing that all the paper money out there is going to get printed down, and, despite the dollar being the strongest rotting zombie in the room, it might be time to start hedging that inflationary bet soon.
Of course the rise in earl may also be related to other exogenous factors, not the least of them being the threat that Tehran will soon receive a Hasidim Bomb to the tuchus, if you parse my gefilte fish. Weather Israel has finally been “greenlighted” on that particular delivery by the U.S. or whether they’ve just lost so much respect for 0Bama that they just don’t give a schmeckle is not yet clear. It certainly would behoove the Zero Administration to have an obfuscatory Middle East war (not of their own making, of course) give them a chance to portray President Zucotti as “Commander in Chief” to boost his Q ratios.
But that aside, I think we’re probably in a good spot here for silver and gold into Turkey Day. I am not buying any options or anything, but I may do so after the next daily cycle low is in the rear view mirror (I’m thinking that will be the week after the Turkey gods visit, soon after Black Friday). December has usually been a good time for we of the golden bug variety and I don’t expect this year will play out much differently. So let’s make sure our powder is ready, and get ready to be opportunistic. When I get home tomorrow, I should have some charts for you.
One other quick story, before I get back on my Alf-hunt. File this under the “Small World” folder — I had breakfast with one of the original investors in Teavana this morning. He waxed incredibly enthusiastic about their future in a world of budding Tea-ficianados (sic), whom he believes will soon stride the earth (or at least high end shopping malls near you) with pinkies extended in an especially aggressive, though thoughtful, manner.
Be assured, however, that this guy has already made some 20x his initial investment as of the IPO, so one has to ask oneself — how much of the apple has he left for you? He would claim plenty, of course, and I will continue my due diligence.
Best to you all.
15 Responses to Searching In Alf Country
Not mongering, just predicting.
Thanks for the PM update and also the TEA comments. I keep thinking that I want some TEA also.
This guy will tell you that it’s the greatest concept since sliced bread, but then, he owns (evern post-IPO) almost 20%, so… what is he GONNA say?
Sure is hard not to feel like the bag holder though, when you see these valuations.
Give me a C.
Give me an H.
Give me an A.
Give me an R.
Give me a T.
Give me an S.
That chart of AGQ and less so SLV is amazing.
Huge parabolic rip and currently breaking down from it’s second bear flag.
Yes, silver has been quite the shit show.
Jake, if you’re back at home base and time permits, I’d really appreciate a post. These drops are always frightening! Thanks:)
Not home for thr lil man’s bday? Tsk tsk.
DMG- you and the family should drop in during the Thanksgiving break. Would be nice to see ya’ll and visit for a spell.
Such a fine southern gentleman, Wood. I’ll email you.
No Turkey for DMG!
Okay, maybe a turkey shake…
I was home for the little man’s birthday… that’s how I know we didn’t get a “little L&J” call.
Dont they have ipads in the ky yet? No civilized folks call anymore. It’s all about facetiming, yo.
Look, I know Netanyahu (not personally, I mean I know his career), and he is NOT going to attack Iran. He is a coward. He wants the west to do it for him. If they won’t he will never pull the trigger on a bold play like that. That requires serious beitzim, to become a leader and assert leadership and strength in that region, and he is not the guy who would ever cause a ruckus in that neighborhood, sorry to say.
And believe me, I want Israel to bomb Iran back to the stone age.
So there must be some other reason for oil being so high.
All Bibi’s talk is just talk. Iran is resting easy because they know him too.