iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

What The Dollar Kills…

Besides my precious metal core holdings (which, like my guns, you will pry only from my cold dead hands) , this bullshit dollar run up also beats down those formerly appetizing “Emerging Market” darlings.     [[EEV]] is a nice way to get yourself a piece of that deteriorating action.  

 I’ve owned this one in size since mid-June, thanks to a heads-up from Le Fly, who I think liked it as a fade on some of these momo Brasilian names like Pabst Blue Ribbon (Petroleo Brasileiro SA (ADR) [[PBR]] ).   Guess what?  EEV works great as a dollar bull hedge as well.   That’s what’s nice about a bear market,  as with it’s opposite the bull in “bull times” — there’s always something getting shat upon.   In this case, you may want to make a brief visit to EEV in order to hedge yourself on this commodity-dollar smacking.    Just be ready to move out when the inevitable happens and the dollar begins to “take the piss” once again, as our English friends might say.

Bonus — we’re above the two year 38% Fibonacci line as of today.   Click on the chart for further viewing:

 

 

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4 comments

  1. The Fly

    The secret is out.

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  2. JakeGint

    I don’t know why you’ve not been featuring it.

    It should be “top ten.”

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  3. CubsRock

    GD should have been featured, that shit is a Rock.

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  4. JakeGint

    True story. I’ve got a brother in law is and EE who works for GD, making some kickass missile boats.

    Also true, his wife is very close to communist. Some cognitive dissonance there, I believe.

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