________________________
It’s raining cats and dogs here, and the drowned goats are accumulating on the banks of the river.
Time to start accumulating said goats for want of a strong spiced jerky that will carry you through the latter days when the Bernank’s stricken peso won’t even be exchangeable for a handful of magic beans. Do you have your targets set? I have mine.
Go ahead, put an order in for SLW at $38.00, and maybe some AGQ at $295 and some EXK at $10.30. Who knows? You could get lucky. Or you could get sad. You can miss by a nickel on either side of the stanchion. But what fun would life be with no chance, no uncertainty?
Whatever the case, I will be waiting and watching during this pullback. Like an otter stalking an adder, I’ll be waiting for some opportune moments to rebuild my EXK/SLW/AGQ positions. I also think that RGLD will come exactly back to the $55-56 breakout level from which it recently launched. The ANVil may even return to the lower 30’s for those who missed it last time.
What opportunity awaits those Quakers who have missed so much over the last glorious month. Even if you were never a fan, there will be opportunity for you to laugh with the bull very soon.
Very soon.
______________________________________
Comments »