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I think gold’s flirtation with $1400 is drawing to a close, and we will soon join the great asset swell. I am thinking about a small “opener” in NUGT. I’m of the mind we will proceed to $20 with long due haste, where many gaps will be filled, to much rejoicing.
Then we will rest.
The nice thing is that we could get knocked back to $10 before the morning even starts, but that would be an even better launch pad. Play with stops at the lows. That is all.
And yes, even the dogs will have their day here soon, but why not start with the more quality stuff? RGLD, SLW and AUY, along with the dividend bearers (NEM and AEM my favorites).
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First post in a month, a bit weak, ya know?
You get what you pay for, sometimes more, sometimes less.
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I guess I should have added that I am completely out of every other non PM stock.
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Welcome back Sir. So you think Mr. Market gonna crash ?
At least a healthy pullback.
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Welcome back Senator. What is your thinking here? Or. What is the catalyst?
I’m seeing a lot of deep black volume bars on the miners. They usually precede the POG in these cases.
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agreud !
Sure miss hearing from the Gint-ster on a regular basis. I even miss hearing your take on the Sport of Kings – for the Belmont Stakes -> Orb again??
I would take Orb, but lets see what the post list looks like. He doesn’t like those inside positions…
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As a fan of Wooly Buggers and Royal Humpies, I too appreciate effective Fly Head Cement.
Ha, I just laughed because I Google-imaged “cement head” and that came up!
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you get what you pay for is right, I am thankful Jake posts anything at all
If interest rates rise, wouldn’t that apply further downward pressure on POG? Just a simpleton here.
Thanks. Appreciate your commentary.
Mucho QE to come. Interest rates can only break a la Nikeii.
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So, what did you buy yesterday?
Thanks Jake.
I bot NUGT at around $11.35, as noted in the PPT.
I also got some SDS this afternoon.
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Hey, Jake, it’s good to see you.
Did you lose weight?
What??
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Just a reflexive greeting after a long absence.
That’s weird, because I actually did.
You are such an old yenta.
🙂
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Was thinking “yenta” must mean “clairvoyant,” until my Yiddish-to-Episcopalian translator app told me it’s an “an old gossip lady.”
And with that I shall bid you good day, Sir.
😉
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Platinum has been kicking butt in relative terms lately. Ivanplats had a little run recently but has calmed back down. I may get some silver stocks Fri. Better leverage than physical at this juncture.
In other news: http://www.tfmetalsreport.com/blog/4760/bad-economic-news-right-cue
the recent Jim Willie interview on that site was great.
ot song http://www.youtube.com/watch?v=oOkJaJjfzbE
It’s takedown Fri. Buy the blood.
Fuggit, picked up some NUGT @ $10.75
Just be ready to drop it if it breaks $10.
That’s the gap fill, and where it should bounce.
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Nice to hear from you Jake!!
Nice to see you over at Gman’s H50.
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A few of us read him.
What’s your strategy now, Jake? I bought a bit of KGC in the mid-5s and was thinking of adding.
Waiting, NUGT took the piss, and stopped me out.
Maybe I can get some at $6?
SDS and TBT my only friends these days.
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… OUCH !!!
… I MEAN … REALLY … FUCKIN’ OUCH !!!
.
@jake, curious if you think the bull is over or not? Should all rips be shorted at this point?
and to think, i dumped my sds a month ago. opted to go full retard in phyzzz silver and trading in my frns for real cash.
http://youtu.be/xHRSz7DzHlo