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The Louisville Cards went down to the infamous Junior NBA Team on Saturday evening and I have only recently discarded my widow’s weeds of mourning. I have not neglected you, however, as my heart and my long term picks remain with you, even when my corporeal presence is otherwise occupied.
As for today, it seems the U.S. dollar is doing it’s usual plungerooni below $79 again. When it breaks $79.60 with vigour (sic), please call me. Until then I will be eyes forward on all of my “X” play metal picks. Of particular interest are the siblings XRA and it’s offshoot XG (or is it the other way ’round? No matter). XRA is currenlty up 5.5% at $2.89, and XG is up over 3.6% at $6.26.
My other X-play is on the silver side — EXK, my old favorite, up 3.8% at $9.86 this day. For lotto type picks, I continue to recommend the accumulation of BAA and AAU, both also up today to varying degrees.
Last but not least, let’s not forget the rare earths. I know they are frustrating, but you will kick yourself if they take off without you. Besides MCP and REE (the more grandfatherly of the bunch), I continue to nibble on AVL and QRM. As always, remain cautious. Any rebound in the dollar will negate all this good stuff, and signal us to lighten our loads.
Best to you all.
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Louisville played a great game. UK just has too much horsepower.
Yes, bizarre mirror of the first game, when UK outrebounded us by 26 but shot only 29% to win it. In this one, Lou outrebounded, but shot only 34% while UK shot 57%!
Worst shot percentage we gave up all year. Ah well, I’m comforted by the fact that a lot of these guys will be back next year… unlike UK’s pros!
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I’ve seen many comments that Kentucky could probably beat half the NBA this year. Maybe, but they probably have a higher payroll than half the NBA as well.
That’s kind of crazy. Even if you believe the commentary that they have six NBA players on their team, you’d have to say “So what? NBA teams have 13!”
And besides Davis and Michael Kidd Gilchrist, the rest are bench warmers for the time being (maybe Miller is a good 6th man).
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We are going to get a big rally in PMs now and I think the stocks are going to make some noise…finally.
I particularly like to find lower priced, quality miners and explorers whose stock prices will benefit in a bigger way in %age terms during a PM sector rally.
My short list (I have a longer one):
AUNFF – 0.913
USSIF – 2.170
SNDXF – 1.930
GWYRF – 1.510
I try to stay away from the “Welsh” names.
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ON THE ROAD AGAIN.
I will check in w. you all later this evening, and attempt to monitor the site from the Droidzilla.
Best, Jake.
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Speaking of rare earths, LYSCF: Lynas states their Malaysian rare earth processing facility (LAMP) to be ready for operations in three weeks. http://www.malaysiakini.com/news/194024
Eagerly awaiting your take on the moves in the PMs and miners. Still holding?
$DXY blasted through $79.60 like nothing.
Yes, and yes.
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Can Jake come out and play?
Yeah really!
Just got back into town. I am taking a couple of days off starting tomorrow afternoon. I shall return.
Apologies for the absence. Literally buried.
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Is the continued weakness in the miners worrying you, or do you think we’re very close to a major bottom here?