Zut, Alors!
_______________________
Some of you may wish to take this opportunity to weep like a disgruntled Maginot Line engineer a week after the Blitz (see above).
That’s right it’s crying time again. That time when the gold and silver bulls that as of late have been so docile and yielding of fresh milk (as far as you know) have now grown into raging Tauruses (Taurii?), trampling your bloated carcass and rifling your pockets for loose Good & Plenties.
But let’s check our calendars shall we? Has Sinterklaas arrived already, muling his burlap bag of kittens and freshly polished wooden clogs?
Has Mother already placed a large roasted poultry on the dusty “for guests only” dining room table and surrounded it with gut-stuffing, cream-embossed ancillary vegetation seen — thankfully — only once a year?
For that matter, have even any cleverly disguised neighborhood brats beaten on your manor door, claiming King’s Right upon any nougat resident?
No?
Well, then, heck — go order a Kung Pao or something. Take the day off. Feed the birds. Go have a pigeon sandwich with pigeon sauce on the side.
Or if you’re of a mind, and have recently grubbed some coin selling an egregious biotech hand grenade with your one remaining three fingered hand, see if there aren’t some glittery bargains out there you may have missed the first time around.
Caution — nothing’s really much of a bargain, valuation wise. To buy here you’ll have to accept the thesis that we are “dollar unhinged” at this point, and that gold and silver are going quite a bit higher. If you’ve been with me since inception, you’ve probably bought into that much.
We’ll look at the dollar later tonight. There will be a low and a rebound, but I don’t think it’s coming until [[UUP]] is down below $22.00. That said, we’ll remain cautious.
There’s not a ton out there that I’m eyeing to add, but that’s only because I’m so “jug full” at this point. I continue to think the silvers offer the best opportunity, so I may want to look at the double POS(ilver) [[AGQ]] .
I also think [[PAAS]] is an opportunity here, thanks to yesterday’s sell-off on the merger news.
[[CDE]] is hardly taking a breath (and I forgot to include it in yesterday’s list, my bad).
Silver Standard Resources Inc. (USA) [[SSRI]] has been lagging, but it’s known to catch up rather quickly.
Silver Wheaton Corp. (USA) [[SLW]] is of course my favourite (sic) silver,and don’t forget mighty mite [[EXK]] .
On the gold side, my current favourite — and non-Jackson — Allied Nevada Gold Corp. [[ANV]] is pulling back here. I also like Yamana Gold Inc. (USA) [[AUY]] and [[BAA]] on this pullback.
Of the Jackson golds, Royal Gold, Inc. [[RGLD]] is “the one” I choose above all others, thanks to its royalty leverage. IAMGOLD Corporation (USA) [[IAG]] and Eldorado Gold Corporation (USA) [[EGO]] have also been champions and will see the 20’s by Christmas, in my opinion.
One last thing, platinum is really picking up after lagging here, and I think [[PTM]] is very close to “BTFO” in the $16.50 area. This is one to have in your portfolio as a “core holding” along with [[SLV]] and [[GLD]] , in my humblest opinion.
That’s enough for now. Go to the boulangerie and weep over an anisette and black-black coffee.
If you enjoy the content at iBankCoin, please follow us on Twitter
Thank you! I’m buying from your list today and having this early post was a real blessing.
You are mo twisted than Fly….Odd No?
He is actually quite normal.
(Don’t tell anyone)
__
lies and false propaganda
SVM!!
Not a bad add to the basket, but I like EGO for my Chinese PM exposure..
______
TBT’s is giving me agita. I’ll be happy (and hold) if we can stay above the 50 SMA
Well, it’s over the 50 day EMA, at $46.79, if that’s any solace.
_______
Jake, been picking up CGLD in spurts over the past month…any comments on them?
I do not know them, but these junior juniors (what I call the under-a-buck-Chucks) can be tricky.
Looks like this one is due for a pull back to at least the 70 cent area, and quite possibly to the 20 day at 66 cents.
Play small if you have to… IMO, you are better off playing with longer month options on some of the Jacksons than on this tiny speculative stuff, from a risk standpoint.
_________
SLV rebuffed at the top of the channel. Coming back down a bit, I may get my entry after all on the silver miners.
http://screencast.com/t/L6VL3vWEXb
Don’t know what it is w. that Jing site, but your charts hardly ever show up… got the “box” with the little red on white ‘x’ in the corner on this one.
__________
I linked the screecast directly…hmmmm. You just weren’t meant to view my incredible charts. (sarcasm)
Thought you might be interested in this registration filing.
A Junior Gold Miners etf is on it’s way.
http://vaneck.com/sld/vaneck//offerings/press_releases//GDXJ%20Index%20Constituents%20Announcement.pdf
I have seen that offering TC. I’m sort of in Gary Savage’s boat… I don’t buy the juniors to be diversified, but to catch a couple of ten baggers. This thing will negate that effect.
That said, I might use it to hedge my overall port, which is already junior heavy.
____________
Jake if you had to recommend one silver right here for a starter, which would you say? can post on PPT if you like
Well, I think you should start w. a “base” of both physical bullion and SLV, the silver ETF.
After that, I can only give you my seven silver positionss (not including SLV) in terms of total assets in my portfolio, largest to smallest:
SLW
AGQ
SSRI
CDE
PAAS
EXK
HL
Of those, SLW is more than twice the size of the next largest (AGQ). So I guess I’d have to say “my money is on SLW.”
Further calculation — if I include my SLV exposure (ie, 8 total positions), SLW is equal to over 28% of my total Silver exposure. Most of that has come from buying it lower.
_____________
thanks man, picked up some BAA earlier aswell
adam- saw that on ppt earlier today– great entry point!
Monster moves in ERX have turned my underwear to tourmaline. It now clicks softly when I walk.
I told y’all to watch that XOM break the triangle…. sho’nuff it did.
____________
Just added 7k BAA @ 2.79-2.81.
____________
Added 2k more C @ 4.70.
____________
It’s rather ODD that I sold my AUY to you, now isn’t it old chap?
Not “odd.”
“Sad.”
Please don’t ask for it back.
________
amazing, this is such a great website!!!!!