iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

GET IN THE VAULT

There are so many weird, sick, people who leave comments on this blog, most of which you don’t see because they get banned or sent to the spam folder. There are thousands of comments trapped in moderation, thanks to The iBC Internet Laser Beam, whose sole goal is to seek out and destroy the mentally insane. Speaking of which, Alec Baldwin penned a terrific article in the New York Magazine today.

RFMD and TQNT are merging.

Uncle Carl Icahn is sabre rattling again at Ebay.

PANW beat estimates.

Things appear to be going swimmingly.

Gold is higher again and I expect stocks will trend higher. The theme is inflation and everything that goes with it. I believe it’s time to embrace the yellow metal, especially since Bitcoin has all but committed suicide at the top of Mt. Gox. I am not surprised to see gold doing well at a time when Bitcoin appears to be dying. The inverse was true last year, as all of the crazy people in the world sold out of gold and belly flopped into the choppy peaks of Mt. Gox, also known as Mountain of Cocks.

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9 comments

  1. tradercaddy

    The gold stocks the last week or so have been following NEM (especially after it’s bad earnings).
    They tried to fade (see AUY,GG,EGO, etc.) this early AM but NEM held for a change and they have rebounded.
    If NEM goes south then the others will follow (no matter what the gold futures do).

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    • the_wolf

      pardon the pun, but gold has been an olympic play of 2014, and will continue to be epic, the vault is the place to be presently until it is not

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  2. The Fly

    Ezpw is my play

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  3. sodapopinski

    GET TO THE CHOPPAH!!

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  4. fook

    Little known fact: Mt Gox stands for “Magic The Gathering Online Exchange”.

    That’s right, it was originally built to service a card game.

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  5. granpa

    Thanks for the Baldwin article.

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  6. budh

    Bitcoin is for drug dealers. Gold is a short, no?

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