___________________________
It seems Mother Market has decided to “take the piss” as they say in the jolly old UK, on my beleaguered soul today. She drove the dollar up and the Amex Gold Bugs $HUI Index down to recent sub-optimal climes, while rifling my pockets for spare cigs and change for the jukebox.
I continue to call bullshit on she and her precious dollar, however, despite her mischievous manichean attempts to subdue me. Because the dollar rolled today, only to see gold and to some extent, silver, remain unchanged. I believe the reason the move was not taken altogether seriously is the amoung of overhead resistance the dollar will be limping into as early as tomorrow. Note the base line “hold” (#1) and the three resistance lines (#’s 2, 3 & 4) fast approaching for the buck:
As a result of my decision to flail the dollar with a whipe of intertwined balogna skins today, I began adding more silver and gold miners this afternoon. I did not add more AGQ, as I’d rather buy that on an uptrend, and escape its inherent volatility in an unsure market. I did add, SLW, EXK, SSRI on the silver side, and NG, NGD, and AAU on the gold side. Nothing extravagant,yet, mind you. I’m just pacing my way back into the game so I can blow cigar smoke at my nearest opponents’ wives.
SLW gives me comfort here, as far as today’s headfake. Can you tell me why?
SLW is a must have in the port, ladies and gentlemen. A must have.
Thanks again for all your kindness today, and I bid you adieu for now.
_____________________
Comments »