Look at the intra-day reversal in silver?
Remember when I told you “the best time to own silver is at the peak of crisis into reflationary rebound”?
Well, the market is recovering from an early swoon and silver is leading the way up. If I had to put a shotgun to my face and pick a stock (I don’t know why I would do such a thing), I’d say “get long EXK”. I am not happy with TLT climbing to new highs, however. But at a minimum, it is somewhat encouraging to see silver reverse to the upside.
The day is young and I am not diving back into the market yet. My position in RBCN is getting “KRO-barred”; but it’s a very thinly traded stock that can reverse to the upside with a 20,000 share buy. It’s important to watch “early recovery” stocks, like MTW and TEX for a “feel.” So far, I am leaning towards the idea of a late day reversal and Friday surge, based off of manipulated Chinese GDP numbers, scheduled to be reported tonight.
UPDATE: I bought more EXK
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Sold faz @ $24.00 spooked by Jpm earnings and what some folks might read into it tomorrow …trader servant sold it at 7:02:36…. But my phone app didn’t let me know … Back to work for me even though I don’t deserve a real job
P
We’re going higher…Taint to Anus ratio’s on an inverse chart show a short term rally…
I just had a Dr, John Right Place – Right Time moment. Fly, I wouldn’t have jumped into this trade if it weren’t for you, and right now, it’s looking like I may turn my EXK holding positive.
Sold TVIX after that first vol drop. We’re either being sucked in or lifted tomorrow
Would you add Capstone on strength. CPST LNG are dancin
Fly. I am eagerly awaiting your strong armed generalship in RBCN, as I have been weathering these dumbass shorts. They are dirty and unshaven.
Please come soon and blast off their faces.
It’s important to lure them in first. I cannot buy on the first signs of weakness.
Sittin’ here waiting for Ben to pass the crack pipe, doin’ the Hugh Hendry!
Our Gay Treasury said they were going to add to Iran Oil Sanctions which spiked Brent and Silver is Brents Bitch followed her pimp. That “new Sanction” is so lame, only against 4 people and a handful of places like a Univ…Iran is not even bothering to rattle a saber at it. Brent needs to break 100 for me to have my Bear “No Clams Allowed” Party…give it time.
btw, Option X for Brent tomorrow in US.
I own an insane amount of EXK. This is my hail mary play to get back to even on the year.
TITN
Many/Most of those regional financials from yesterday’s screen are green -> especially REITS
and what is red is minimal
“Taint to Anus ratio’s on an inverse chart show a short term rally”
Indued
MRK! (smirk;)
for China GDP tonight, estimates are 7.6%..yet China Newspaper is headlining the ADB estimate of 8.2% leading into the data. China controls their press, wonder if 8.2% is probably what we will see?