[youtube:http://www.youtube.com/watch?v=2NJnL10vZ1Y 450 300]
I don’t usually get into these Ron Paul- Ben Bernank Shin Digs, But This One is Good
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Did you make money today? Good. If you did not, I would be pressed to question your Adderol dosage, and perhaps add 100 cc’s — STET!
There’s more to be made, of course, despite our flirtation with oversold levels. Who knows, this kabuki theater bullscheiss on the debt ceiling might cause a drop off in overall market liquidity in the coming days and we might even get a nice pullback.
More’s the better, I say.
Gold broke to new highs today and so did DGP, which I was hoping to catch at lower levels. I still grabbed a dollop yesterday, as announced on The PPT, at $50.75. We’re busting out:
Worried about silver? I was too. Not so much anymore, however. I admit, I was a chicken shit, and re-weighted some stuff from silver names to gold. Not that that was a terrible play, but silver did shoot the moon today, giving me the Chiggers of Chagrin as a reward. Awful “bitey” those chiggers. For example, as I announced on The PPT today, I dumped a bunch of AGQ yesterday to put into DGP and other golds. How do the stock gods reward me? By humbling me with a $20 move on AGQ today (up some 11%+). Oy, that smarts.
But, aside from SIL, the silver miner ETF which you should own to capture the field, I really like the look of CDE here. Sure, it’s a dog, but it’s known for taking advantage of PM rallies. In this case, I think it’s got yards to run on the weekly, and will not only catch its old highs, but surpass them soon:
Good luck to you my friends. Try to ignore the politicians. They cannot defeat price.
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