Gurgle! Gurgle! Gurgle!
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Yea, and ye shall become as a Bear, and ye shall sup of the micturations of a turtle, in God’s syte and mercy. (Pantheons, Chapter 6, Verse 9)
And thou shalt impress upon yon Folio of Collycted Sycurities the [[SPY]] Seller’s Putt, in the amount of another Fyfty (50) certificates at yon pryce of $2.67, and they shall Stryketh at $110 dollyrs upon expiration in Janyary of 2010, the year of our Lord, in His infinite mercy.
Your total therein and hereafter shall be One Hundreds and Fyfty (150) Certificates of aforesaid Putts unto tomorrow’s dawn, whereupon ye shall stydy with great vigour the possible addition of surplus Certificates of Putt to be pyrchased.
Moreso, ye shall sell into the wynds of Chaynge and Hope another Two Thysand (2,000) shares of God’s own Silver Wheaton Corp. (USA) [[SLW]] , at a pryce of $17.21 by the lyte of St. Stephen’s Moon, though this cause ye great weeping and lamentation unto the Land.
Lastly, ye shall commit to the Church another shreeving of the Blessed Eldorado Gold Corporation (USA) [[EGO]] at a pryce of Fourteen pounds and twenty-seven pence. Thine amount shall be an addytional Two Thysand certificates of common purchase.
Forswearing all meats and liquyrs unto the Eve of Christ’s Mass, ye shall pray unto the Lord for additional gydance and keeping always a gamely eye upon the Devil’s [[UUP]] and it’s mynions in the Federal Reserve Cathedral.
Keepest thou counsel close, and heare not the buzzing of Fool’s Inquisitions. Stay thy course, and remain Upright in His syte.
May the Good Lord Bless ye and keep ye all safe unto Christ’s Mass.
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LOL like reading the bible …
LOL and beautifully doneth!
bear
I like the slight about Motley Fool the best.
Still pressing my bets here, tape is still consolidation but RC is finding some great plays to the upside.
I’m waiting till early Jan to pull in horns and even then not going short unless the tape tells me to.
‘Tis prudent also my sone.
Just know that mine Folio of Parchment Certificates of Common Ownershyp is weighty unto dyfficulty in maneuveur.
Better I be early, like the Coc unto the Dawn, than caught in Death’s Scythe like the too rypent Wheat in Cold Novymbr.
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Good god, that’s a lot ‘y’s in this here post!
Welcome to the dark side. Maybe your “conversion” is the tonic that will make me just 2 weeks early, rather than horrendously wrong.
Of course, here we go with some WTF action at the close. Buyer up!
May thy ryturns be as multyplycytus as the Fools caps are full of shyte.
Amyn.
Pax Vobiscum, mye sone.
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Raises eyebrow…
English is my second language. That really hurt my head…
Sorry, that’s Ye Olde Englyshe.
I feel your pain…. I once had to read a whole book in college that was written like that… and the “S’s” all looked like “F’s!”
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If Chaucer is painful, Welsh is sheer agony:
“llanfairpwllgwyngyllgogerychwyrndrobw”
The longest town name in the world means “The church of St. Mary in the hollow of white hazel trees near the rapid whirlpool by St. Tysilio’s of the red cave”.
I just had to learn Latin in High School. I think that was easier 🙂
I have a Fed Reserve note that I keep for novelty’s sake. It has some latin on it; ‘Novus Ordo Seclorum’, which means (as far as I can tell, anyway) “New Secular Order”. This seems oddly incogruous with the opposite face of the note, which has “In God We Trust” printed on it in plain English… crazy pyramid-eye thing going on too.
Latin will serve you well, good for you.
The wife has the kids going to school (a “Latin School”) where they start ’em out in second grade with the Latin, and then break into Greek (along w. Latin) in seventh.
I can no longer bitch about how hard my high school was, as my kids only scoff.
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I only had one year of it (French-Canadian private Catholic school – yay). I don’t remember much of it, but it does come in quite handy in English and French when determining roots of words and spellings.
I would not even think of attempting Greek. Your kids are going to be some smart cookies!
Sorry Buzz, one year of Latin is like one year of Math. You miss all of the fun bits like, Caesar, Catullus, Virgil, etc. It’s like Math without Algebra, Geometry, “the Calculus”, statistics, and Discrete.
The Nuns up there must have gone soft from the cold… 😉 Sister Maria Theresa would never have put up with that, God bless her soul.
Jake – Nice job on Latin in the second grade. Oh, and BEARISH? WTF! Don’t you think you might be a wee bit early?
Cyclically speaking, no.
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I had nuns in elementary school. High school was reserved for the priests. After the first year, I threatened to quit school unless I can go to public with my friends, and lo and behold, my mother actually went ahead and switched me (sucka).
My kids never get away with that kind of stuff.
I’ll put your ‘Sister Maria Theresa’ against my ‘Père Boulé’ anyday 🙂
I got y’all beat.
Ask anyone in the know about “Marianist Brothers.” If there’s a stricter group of sob’s out there, I’ve never heard of ’em.
They have priests in that order as well, but they were generally known as “the soft ones.”
The only thing I can hold over my Greek/Latin & Western Civ learning kids these days is the fact that “at least you’re not being taught by a bunch of psychotic repressed homosexuals without the self-esteem to enter the priesthood!”
(No, I don’t actually say that to them… yet.)
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Quyte efficient actyually.
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Yeah, so is taking all the vowels out English.
I mean…Yh, s s tkng ll th vwls t nglsh…
I mn…Yhsstkngllthvwlstnglsh!
I think that tooth fiasco fucked up yo vocab. Snap out of it soldier.
Aye’ve became quyte acclymated unto it, actyually.
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And also with you.
It always cracks me up to see your avatar… like Bob’s Big Boy– with his oh so winsome grin– is peeking at me through a window.
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Good eye. It is indeed Bob’s Big Boy. I like the tight crop and the raised eyebrow. The happy face softens any nasty things I might say. For example look at my gravitar and read:
“Well, I’m not one to kiss and tell…but a dirty sanchez is another matter altogether.”
I used to live in Burbank and frequented a Starbucks next door to Bobs. The Big Boy statute has been stolen a few times at various locations and is usually found where left by pranksters.
http://philip.greenspun.com/images/pcd0278/bobs-big-boy-97.4.jpg
On weekends owners and their old cars would fill the parking log.
I need to get back out there and determine the winner in the In-N-Out vs Five Guys burger comparison. I’ve gotta admit Five Guys has a good thing going here in the DC area.
Better than In-N-Out?! Blasphemy!!!
There are now 3 “Five Guys” in town and they are wildly popular. The burgers are huge, but I think its the hand cut fries that are bringing them in.
I’m thinking it’s the kind of place that would likely be banned under Obamacare.
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Five Guys and Fries is delicious.
Thou hast erred guv’, methinks:
“Lastly, ye shall commit to the Church another shreeving of the Blessed Eldorado Gold Corporation (USA) (EGO: 14.26 +2.37%) at a pryce of Fourteen pounds and twenty-seven pence.”
Should beith Eyght pounds and fyfty syx, at this day’s rates, no?
POG at 734.06 GBP, as I type this, btw, bollocks-bare-bear-boy.
‘Struth! Aye should ayve used shillings and thruppence.
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U can run all the ‘Gold Coin’ commercials you want, it doesn’t change the fact that the US mint is out of Eagles, or at least they are not selling them to YOU right now. Not that I am so naive to believe that we operate in a free market beyond the reach of manipulators, or that any single currency or commodity is beyond correction following a stunning rally. However, I do believe in supply and demand.
Just what do you think investors will consider a ‘dip’ in POG these days? While the freshly-minted stock of December’s newbiebears would have us believe that the recent POG pullback to around $1140 USD on Dubai’s ‘News’ was an eg. of how quickly investors will revert to the FIAT currencies (not just the USD as they would also have us believe; as you could hardly call that blip a ‘recovery’) , a gold bull might just as quickly note exactly how long THAT lasted, and label the event your average ‘correction’ or ‘dip’. Just sayin’: Since the selling spree by our host here, POG has added $50 USD or so to its spot price, as I, your friend and humble narrator intimated it might…
Gold: The Next Bubble
Coming soon, to an exchange near you!
If yo could not speak da thruth to her face then yo shall try another way said the Lord….
http://www.dailycognition.com/index.php/2009/10/24/funny-method-to-brake-up-with-your-girlfriend.html
Thy shall curse yo if the pleb starts chanting your name said the Lord….
http://www.dailycognition.com/index.php/2009/11/09/unfortunately-named-olympic-contestant.html
Ouch!
Good way to get your sofa put to the torch.
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RE: “Gold: The Next Bubble
Coming soon, to an exchange near you”
Too soon for some, not soon enough for others, mb.
So Dpeez, are you of the ‘Gold must, and always shall be, forever and ever (Amen) valued at 1/10th of the number of points in the DOW’ mentality, or some’at? That is so Ol’School, man, retro; totally different head, totally.
If this is merely ‘another bubble’, why would anyone be jostling for a better entry point? Eg. Ask Jakesky here if he is planning on liquidating his bullion any time soon so as to cash in on the ‘Big Win’.
Sure, some rather large players have recently sidled up with a massive short position, but that is nothing new. They’ve been doing that, and losing, since Devil Dawg was incessantly barking ‘Gold to 600!!!’. Turned out his bark was far worse than his bite. And the bigs are in packs, slavering over your PM holdings. I think the worst that they could pull off is to orchestrate a short, sharp pullback, (IMO such an attempt has just been made recently, and failed miserably) whereafter they would wolf down all the hard assets the cowards dropped as they ran home cryin’ to momma.
On that Dubai thing: Interesting that shortly after the US mint delays mainstreet from investing in gold (1 0z coins are a nice investment size for mainstreet ) the spot price drops by around 5% on what was really, after all, ‘old news’. Notable: it subsequently got scooped right back up faster than gold coins tossed onstage at a Las Vegas ‘Ballet’.
Next: Rumblings that China has been grumbling about the Price. Yeah right, like they care what you have to pay for Gold. They produce more Au than any other country in world, no? They don’t have to buy it, they just pull it out of the ground. What they do care about, though, is about 2 Trillion in reserves of increasingly worthless FIAT that they possess. And I am certain that they are more than willing to prop up paupered Ol’ Unca Sam’s greenback just long enough for them to diversify that portfolio, and bolster domestic/alternate markets’ demand in order to meet their (awesome) production capabilities.
In short (no pun intended):
Fundamentals: nothing has changed; see supply/demand
Technicals: I am not even going to humour you on this one.
Sentiment: The only factor that isn’t blatantly obvious. (Excepting, of course, your disposition Dpeezy)
Will there be anything else this evening?
Thanks, I guess.
And here I thought I was being clever with my attempt at a throwaway funny line.
Back to the drawing board!
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That being said, when all the Joe Schmoes down the block and around the office start blabbering about buying gold because it will never go down…I get flashbacks to similar scenarios involving dot-com, real estate, and oil investments. At that (this?) point, it is no longer about just supply & demand. It is mass hysteria, orchestrated from up on high and dismantled at just the right time.
Treu.
The “Joe Schmoe” factor is extremely high right now.
Time to knock Joe off the bus.
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Yeah mb. Good luck getting around a billion Mr. Woo’s off their gilded bicycles too, though. Man, I have been hearing since February how gold is such a ‘crowded trade’ that it makes gettin’ on the metro in Tokyo during rush hourlook like ‘reserved seating’, what absolute twaddle it has been so far.
Seems to me the best way to buck the skittish lot off this pony is to simply produce the impression that Mr.Schmoe has become interested. Easy Dpeezy for those with deep pockets and a vested interest, no?
Just sayin’: Don’t be in such a frenetic rush to jump on the contrarian bandwagon that you forget why you bought gold in the first place. And turn your back on those ETF’s that are likely nothing more than manipulation tools for the market titty twisters. I am not sayin’ that is every last one of ’em, but the less scrupulous ones, well, they know who they are; as should you know who issued that piece of paper that claims to have actual gold backin’ it.
You do realize that gold has pulled back (and miners even more precipitously) a couple of times since last February, right?
No one is denying the trend. Just recognizing the power of gravity, is all.
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Blasphemy! Heresy! ‘Forces at a distance’ do not operate on the same principles for Gold: you know full well that Au is not magnetic! Jake, you sir, are hereby stripped of the title ‘GoldBug’, and shall now be tarred with the epithet ‘GoldBuggerer’ and ridden out of the internets on a rail. Your goldbuggery shall not go unpunished, mark my words…
“And here I thought I was being clever with my attempt at a throwaway funny line.”
(To quote a friend)
sold the last 1/4 of my ENTR @ 3.35 (bot @ 2.43)> Now have cash in hand hoping for pullback
You’d never catch Don Draper daytrading like that…
and yes, that was a gravatar recommendation.
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i might take you up on that. I wonder, however, if the rest of this board wouldn’t rather see miss joany.
http://tinyurl.com/r3rwxu
Yowzer
No, I think that would be like *creepy*.
I like Jake’s pick better.
See mine? I had a heck of a time trying to add it. You gotta sign up to “gravatar” and then go through the whole ordeal of putting in a password that is “complicated” enough for them. Jeesh!
Yes, she is smokin’ like Hoboken.
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I’ve started doing ‘Don Draper Day’ on Fridays…come in to the office (late), right to the sideboard for a drink, hassle some of the underlings and then light up a smoke. Quite.
Okay, maybe that’s not the best avatar. At least not the best avatar for success.
Connie Hilton may disagree
Jake, were you investing in gold back in the 1970’s (not saying you’re old or anything)? I read an article this morning, and I’ll be danged if I can find it now that I wanted to reread it, that said the average junior gold mining stock was trading at $10/share in the 70’s, during the last gold rush.
The article was titled “Back to the Future” and the author went on to describe a trip in the car he took with his son where they passed by a guy sporting a mullet. The son commented “all business in front, all party in back”.
So the author goes on to write how we are back to the 70’s.
On the every Joe Smoe being on the gold bandwagon discussion, I don’t agree, at least not in my world. I don’t know anyone buying or even talking about gold. I mean, the people I do know that have the money to buy it, they are not. I remember the real estate bubble, and everyone I talked to was talking about rehabbing and flipping. I don’t see that now with gold.
Gawd, I wish I hadn’t sold HL, that stock just won’t quit.
IMO a big difference between the ’70s and today is that the GLD etf is siphoning off investors dollars that would have gone into the miners. For example without the GLD etf (and the others) NEM,ABX, etc would be 100% higher than where they are today,
Also back in the ’70s South African golds were on FIRE and there were many more of them. Stocks like KLOOFY(Kloof),WDEPY(Western Deep),OFSLY (Orange Free State), etc were animals.
ABX,GG,AEM (I don’t think) did not exist but there was ECO (Echo Bay),SSC (Sunshine Mining),HM (Homestake), etc and they were flying.
Not sure I agree completley, anyway. I think the more conservative investor — ie a “newer” investor — is expanding the gold pie, so to speak, via the introduction of these ETF’s. I think the pool was smaller and wilder in the seventies. There’s still volatitliy in the miners, especially the juniors, but I think things are overall more liquid.
And just you wait , ‘Enry ‘Iggins, for the miners to finally “Catch fire.” We are not there yet.
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As an aside there are rumors going around that Charlie Strong (Defensive coach) for the Gators will be the Louisville head coach next year.
If so Louisville will be getting a good one.
This is what I’m hearing. Keeping my fingahs crossed, ovah heah.
“And just you wait , ‘Enry ‘Iggins, for the miners to finally “Catch fire.” We are not there yet””
“The Hobbit” ?
TraderCaddy as Enry ‘Iggins? Sorry, I read it as a little girl, but that is what comes to mind.
New avatar for you, Trader? LOL Not that anything is wrong with ye olde!
No, “My Fair Lady,” silly.
Or Pygmalion, if you’re a GB Shaw fan.
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I was in grammar school for the latter half of the seventies, short pants the former half. All I remember was the gas lines and Jimmy Carter winning the Presidency.
When I speak of Joe Schmoe, I mean “Joe Schmoe, the Investor” — in other words, I am hearing from people who have not been in gold or silver and who are looking for “the next hot thing.”
I agree we are nowhere NEAR the frenzy we were at in the peak of the real estate bubble. Still, I think we need a pullback to get to that extreme.
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Thanks, Trader. And there is another new Gold ETF coming out in January, plus of course the just released junior minor ETF, GDXJ.
The author didn’t touch on that dissimilarity between now and the 70’s.
Come on Jake, give us some picks long or short
These selling bits and pieces posts are boring even with ye Ole English