[youtube:http://www.youtube.com/watch?v=2uVXQ6P6UqE 450 300]
Breaking Footage from the new iBC documentary: “Perdy: The Origins”
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Do you think it will just be silver and gold that will go dotty when the dollar implodes? Let me disabuse you. It will not be so. It will also be platinum and palladium, petroleum and berillium, cadmium and radium, even guar gum and Bubble Yum will be breaking out.
Better yet, there will be a metal that shines like silver, mines like gold, and — as a bonus– makes the urinal shadows go away even faster than a pack and a half of Kools and a cold cold Olde English 800.
That metal is lithium and it’s “rare earth.” Not only is it great for curing insanity, but it’s almost as famous for powering cell phones, stock trading robots and small chassis time machines. What a versatile mineral, and our friends down at the Sociedad de San Paulo own it in abundance.
Let us give alms to SQM, then, as it consolidates that move above it’s all important 61.8% fibonacci support line. Let also that line be your guide for closing out your investment. The targets are just as clear in the near term. The weekly chart reveals:
My best bet is to wait for the break at $43.87, but then, I already own this name, so I would just be adding. You make your own choice, you’re old enough for that now, no? Beware the slightly overbought condition, and have patience. You will be rewarded, I’ve no doubt.
If you can’t bear to keep away from the precious medallions markets, then GSS, RBY, BAA and EXK are four smaller friends that you could look at in a small way, on a small scale, with a small cheese wedge lodged in your wallet to prevent excess de-levering. All show some promise and may continue…
Best to you all, and gute Nacht.
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