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Yes, it’s getting to be that time of year again. That time when the Louisville Basketball Cards get my hopes up by doing real well (maybe even winning) in the Big East Tournament, only to dash my head up against the sea-foam flecked jetty by crapping the bed in the actual NCAA Tournament.
Well, they’re doing it again, playing one of the best games of their season against #9 ranked Marquette (the #2 seed in the Big East Tournament), snagging 26 offensive rebounds and forcing Marquette into 25 turnovers (they’d averaged 12 all year). Will this defensive dominance be enough to take them past Notre Dame tomorrow night and into the finals on Saturday?
I don’t really care, as I’m steeling myself against any victory. It’s all for the best, believe me.
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Except for purchases of EXK and TC on Wednesday, I’ve been sitting around eating samitches. I’m still a bit leery of this market, despite the dollar losing a lot of steam today while gold & silver strengthened. I’m up pretty nicely on EXK and I’m even thinking about adding some more AG. However, I still continue to believe that AUY is one of the better bets in the gold miner market. Check how the price has rebounded nicely on the weekly:
And this is where I think the “safe zone” is to purchase … above $17.50 where that handle in the weekly will be better defined.
Best to you all, and Go Cards! (and Big East in general).
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Some great Big East games for sure.
Too bad my ‘eers suck this year.
It’s funny, they looked real good a lot of times this year — especially when that Big Turk was on his game — but just couldn’t get it done consistently.
Makes me feel bad for Jones. Kid’s a horse.
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Great post.
Thanks Jake.
Yamana chart looks like a rising wedge to me. One good thing about AUY: a liquid options market. July puts are no problem.
I hope’s youse selling ’em.
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BTW– did you note the gold market this morning? Dollar skyjacked on the “great” unemployment news, and gold dropped about $20…
Gold is already positive as I type this…
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Senator, any anything for RGLD?
Besides “buy at every opportunity, and don’t look at it too much?”
Seriously, one of my mentors told me to buy this stock back when it was about $3.50-$4.00 and told me it was going to go to at least $200.
He gave me that same advice, fwiw. His position is now worth well over… well, let’s just say that if he put the same amount in a savings account at current interest rates, he’d be taking home the starting salary of a mid-level rookie MLB player every year.
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Thanks for the sound counsel.No dog in ‘Big Dance” so i will pull for the Cards in your honor.
As they say down here:
“Appreciate ye!”
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Jake, would you be willing to consider at some time posting a list of your metal stocks that you reco? Maybe just some buy
and holds– not anything that would take up too much of your time. It sounds like you’re often quite busy, so I wouldn’t ask you to do anything time consuming. You’re sure great at metal stock analyses. Thanks for all your posts about them.
BTW, what do you think of the possibility of the dollar rising right along with metals and no longer going in the opposite direction? Intermarket correlations do sometimes just stop happening. And just about every other country in the world has seen its currency going up at the same time that gold is going up. Why shouldn’t the U.S. take a turn at that too?
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Jake PAAS is down 5% today. Do you like this stock and are you adding PM’s today?
I have a small core in PAAS, but have not added to it in a while, same w. SSRI.
I prefer AG, EXK, MVG, SVM and of course SIL, here.
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trying to decide whether to add to PBR
Oversold on the daily and filled a gap. Likely we’ll get at least a bounce here.
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