I thought we’d board the cocaine train to hedonism this morning, celebrating all day long–partaking in a great many frivolities. Instead, it looks like cowards are selling into strength, scared to pieces over sequestration. This is all very disconcerting, as the market needs to truck higher to support the revenue base of the United Steaks of America.
I have numerous positions, some are merely flings, others long term commitments. I’ve held CHD, RS, KMB, WM and PEP for almost a year. But there is one thing that I feel is a certainty and that is substantially lower gold/silver stocks.
They are broken. Hedge funds who are focused on the miners shall be liquidated. I declare we should free that money and let someone else more capable manage it! Forced selling will occur and the miners will suffer. They should’ve made more money by now. Instead, due to waste and stupidity, these miners are still trying to make money–even though prices have soared over the past 10 years.
They are a disgrace to capitalism.
I am short AG with conviction.
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Agreud. It’s been fun reading you this week while I’ve been on vacation.
You decide to short silver stocks now?
Now is as good a time as ever.
Are you quoting Wile E. Coyote (Soopah Genius) or merely emulating him?
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Bernanke’s job is to kill commodities off. Oil is next. When 0bama announces a windfall profits tax as Carter did in 80, watch the BBL go to 30.
http://en.wikipedia.org/wiki/Windfall_profits_tax
short the Gint!
I am currently short silver in cement terms.
I think Cement Head’s basis in Silver is like $9 — Have a nice weekend guys
Try $4.75.
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Shorting AG is too much risk for me personally, I stick with DUST .. no position currently
KMB holding for 11 years + .. I bought it as a little boy 🙂
Main inverse ETF I hold currently is RUSS – short Putin and his oils.
I wish there was an etf to short fartman and k-ass though.. Direxion should take notice.
Dr,
I just bought starter in CRUS.. I have no idea why… I am losing discipline
http://youtu.be/U8TREN0CkB4
bitch bad lookin like a bag of monay. UH.
Oh, yeah, and you’ll also wanting to be setting your tight stops and/or culling winners today.
We’re going back under 15 hunnits on the SPX. Today’s your bounce.
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I expect you to apologize to myself and all of the readers of ibC for giving bad advice, after the bell.
I expectorate on your expectations.
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WE DEMAND AN APOLOGY!
Buying cocaine today in the form of PAL and NUGT. No guts, no glory.
PAL okay. Still too early for NUGT.
Listen, it’s a triple ETF. It’s not built for guesses on a turn.
It’s built for Rothschild’s Middle, if you know to what I refer.
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