Happy Birthday to the Big Big Boy
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Days like today are painful.
For instance, today my youngest is four. I go now to his natal festivities.
There’s nothing that says “looming mortality” than knowing that this one — your last for sure — is finally gone from babyhood. Next year, the little genius will be on his way to kinny-garten (sic), and the home will become a near-empty nest.
(Note to self — send the wife out a job-hunting.)
And so it goes, I guess, as we shuffle on towards the grave.
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Today was also a meloncholy portfolio day. Yes, all my glorious precious metal plays remained strong and the recent string of steamer trunks full of cold hard cash continued to arrive like lost Titanic luggage in my accounts, much to the chagrin and further penury of the Palo Alto Bear Fund.
But I also continued to liquidate. Do you know how hard that is in this kind of rising metal environment? It’s damn hard. But it must be done, if I’m to fertilize further conquests with the renewable blessings of the Turkey Gods.
I sold another K of [[AGQ]] at $68.36. Only half a position left, there. I sold 4K of Silver Wheaton Corp. (USA) [[SLW]] — my favourite (sic)– at $15.93. That was only 20% of my SLW stash, but still as painful as giving up a pinky finger to the Sawz-all Wars.
I launched the last 20 Silver Standard Resources Inc. (USA) [[SSRI]] December $16 calls at $5.75, and the last 20 Allied Nevada Gold Corp. [[ANV]] December $7.50’s at $4.70 each.
I also sold 5,000 shares of Allied Nevada Gold Corp. [[ANV]] at $12.18, leaving me 10K, and another 1,000 of Silver Standard Resources Inc. (USA) [[SSRI]] common at $21.61, leaving me with just 3k left.
I still have much to harvest and I may yet be late in doing so. Such is the special sadness of the fiat farmer.
I am at over 12% cash on the entirety of the portfolio and much more in the PM portion.
I’m off to give a Big Boy presents. Best to you, and good night..
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great pic – reminds me of my kid at that age. sold out of RGLD. i will regret that.
Likely, although the market is toppy.
I am not recommending selling completely out of anything. Remember AGQ and my options were all leveraged positions.
I’m just saying this is not the kind of market to be leveraged into right now. After a pullback, we shall see.
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Sold half of Grandmama
BTW– that’s not actually him. Just a reasonable facsimile.
He’s cuter.
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Happy Bday big guy!
Takes after his mom I presume.
Of course.
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JG-
Thanks for your precious metal plays over the past months and your poignant melancholia in this post.
I’ve a 4.5 year old as my oldest and can relate to the transformation. Have been touring potential kinny-gartens lately and must say that things have changed since my day. Their generation will have opportunities that we can not even begin to imagine… it’s what I so look forward to seeing as I hopscotch towards my grave!
Hope there was adequate cake at the celebration…
Eggsellent cake, with Thomas the Tank Engine going through a tunnel constructed of “marshellows” (sic).
My wife could be on the Food Channel with some of this stuff.
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Happy Birthday lil’ Gint!
Go J-Town!!
I don’t get that.
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It’s what he would yell at H’s football games. Man, you are getting old.
I am, as I didn’t realize you had come to any of those games. He’s into tennis, now, btw. The 250 lb 11-year olds were getting him down.
Literally.
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Keep him away from the crystal
tennis is for D-60’ers. Keep him playing attack in lax. much less leslie and lorraine-esque.
He still plays lax, too. Tennis is a fall sport down here.
I am thinking more Leslie & Lorraine’s husbands — the doctors?
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Can’t exactly put dentists and doctors in the same category…not that i’m an anti-dentite or anything…
Who’s a dentist? I thought they were podiatrists or something?
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podiatrist, dentist, witch doctor…same same
Sounds like you’re a raaaabid anti-dentite!!
Next thing you know, you’ll be saying that they should have their own schools…
Yes. I met him Jake’s boy is a handsome lad. He will be breaking a heart or two.
Happy Birthday to him.
I concur
I’m not a Dr., but I concur as well.
with that kind of coin I severely doubt anyone in your family has to work.
You just peeled off 200K+ which represents a small part of your portfolio.
I don’t see any weakness in the tape other than the low volume which has been typical. Still feels like healthy consolidation, push higher, repeat.
What tells you PMs are toppy here?
The fact that there’s been no real pullback in weeks.
Don’t get me wrong, I don’ t think we’re “done” here — just in need of a rest.
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ARCC – holding and buying more on the dips.
bot MOS, anticipating BTFO.
Yes, notice MOS & POT and IPI seem ready to rip.
And don’t forget MON today… nice moves.
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Jake, Happy birthday to the little man. But geez Jake, GRAVE? Boo Boo is also four. You make me feel older than 47 1/2.
It’s hard when it’s your youngest and you’ve seen three get to four already.
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Best wishes for you and your family.
Grazie.
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Happy birthday to little Jakey.
Well, technically, “little Jakey” is 13 and not so little anymore.
Hence my melancholy, as this one’s the other end of the spectra.
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http://www.rightpundits.com/?p=5006
Get your Obama-Mao t-shirt after they lift the embargo ……. so sorry, no greenbacks accepted.
Gotta love this:
A CNN reporter found out just how serious the Chinese government is at hiding the t-shirts. Reporter Emily Chang did a video report for the news channel from a public marketplace while showing the t-shirt on camera. She was immediately accosted by a uniformed Chinese security detail who momentarily arrested her and the camera crew. She was eventually freed, but the vendor disappeared.
I wonder if they let the poor mug keep a kidney?
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Crap, AGQ is off to the races again this morning.
I am punished on every sale.
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EXK!!
(glad I haven’t sold any of that yet)
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XRA is the only one that really hasn’t performed too well recently. Not terrible but hasn’t really kept up with the others. Thoughts? Money better spent somewhere else? Or just a slow rolling hand grenade?
Prolly. Like said hand grenade, they’ll all go up in the end.
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Jake, are you still holding bios?
Holding about a quarter position. As you may recall, I was selling last week in anticipation of a drawdown. Did not expect THIS big a draw down, but you can see how it’s cycled in the past.
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Polo Alto Bear fund…..hahahahahahahahahhahaha
You have to assume there is capital in that fund to call it a fund.
Hence the ironic name.
😉
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TIM just had some loser who tried to short silver and got his ass kicked, post on his site.
It was one of SOH’s classic ‘make up a formation and bet on it before it finishes’ play.
He’s really bringing his site down to new lows and I didn’t think that was possible.
Be careful. Tim’s site going to shit is an excellent sign of an imminent downturn. It’s only when he and the crew are going full douchenozzle that you can be comfortably bullish.
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I concur
Warning
Good for them.
No question CGS: Good for Ghanians; I’ll relabel: NOTICE
Not really “good for them.” The reason people don’t invest in Third World Countries is because they have credibility problems. Reneging on deals is no way to build institutional credibility.
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You should know this Goin… you saw what the Canuckistanian stupidity on the royalty trusts did to that market.
At least people know Canada respects property rights to a certain extent. This is only going to keep Ghana poor.
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I concur ..
Jake,
With the Ag rally under way, will ANDE take part or will that gap be a challenge and circumvent using it for a swing trade … you still holding in the Jacksonians?
About time Ag participated
Any favorite names?
Prefer something other than POT, MON and MOS
Well, ANDE is an ag play, but as E8 suggested, it may be a bust here on this retrace.
Two foreign ag names I like are ARA and SQM. Then there’s “junior MOS”– ipi.
Sorry I haven’t been able to post most of the day folks. Been on Bberry only all day and no access to my laptop.
Will try to get something out in the morning. I sold some more today- NXG and CDE. More later.
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My last post as “Q4”. For reasons unbeknownst to me, I ‘ve changed to “Diamond Jim Brady”.
and so it begins.
Lol. Eggsellent new avatar.
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Thx