iBankCoin
Joined Apr 19, 2009
721 Blog Posts

If It’s All the Same to You…

bushama

I’ll just keep on, keepin’ on….
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I trust nothing these days, save my Jacksonian positions.

I certainly don’t trust the restless trolls reaching their gnarled fingers from under their respective bridges to nip at my knee-caps.  Back off, trolls, lest I take you off at the fore-arms with my trusty scimitar!

Despite the above imagery, I was relatively unscathed today.   Down less than 40 bips.  Odd, no?

And guess what else?

I bot some more PM exposure, like a crazed bandicoot, hungry for shiny tin foil. Options, even. (Am I mad?)

No, not even peevish. Just “taking advantage.”

I bot back the 30 December $9 strike Silver Wheaton Corp. (USA) [[SLW]] at $3.70 and $4.00.

I bot back the 40 December $40 strike [[GDX]] at $5.60.

I added another 300 shares of [[AGQ]] at $56.33, just for the heck of it.

I am eyeing Exeter Resource Corp. [[XRA]] which I still haven’t bot yet. I think [[UUP]] will have trouble tomorrow, despite it’s recent strong price and volume move.

Remember it’s “Ridiculous Bond Sale Week,” and let’s be careful out there.

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10 comments

  1. Yogi & Boo Boo

    That’s the funniest picture you’ve had in a long time…

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    • DPeezy

      That shit’s what nightmares are made of. And I don’t mean politically, but rather in the fucked up human-melding way.

      GAH!

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  2. JakeGint

    I figger it’ll make Purdy heppy.

    _______________

    Any of you Noo Yawk (or Brooklyn) based fiends have any truck with this elixer of the stock gods?

    ___________

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  3. Ultforeign

    Seems there is always a market selloff when there is a big bond issuance. Just an observation. I think we rebound tomorrow.

    Aint no shortage of dumb blondes out there ;
    http://www.youtube.com/watch?v=g3eNuuQdApo

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    • JakeGint

      Yes, we had talked about this earlier, if you recall. Sell of stocks to get the dough up to buy the bonds. Very familiar.

      I guess it works til it doesn’t work.

      ______

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  4. BuffaloUdders

    What do you think of platinum? Ive done well with silver & gold, and I’ve noticed that both silver and platinum are disconnected from their historical price relationship to gold. What about the rare earth minerals necessary for the green power revolution? Are there any miners that are at the top of your list for the rare earth minerals?

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  5. JakeGint

    Been pushing PTM here, as a platinum pure play.

    I don’t trust PAL or even SWC, so stick w the ETF.

    Not many of the rare earth dogs have impressed me. BHP is a good “catch all” for that type of thing, and SQM, while mainly an ag stock, has about 7% lithium sales.

    __________

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