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Some muffins are still in the oven (like Silver Wheaton Corp. (USA) [[SLW]] ) and some are cooling on the window sill [[EXK]] . One muffin, however, I believe is quite done and ready for munching, or blueberry extraction, if you’re into that. That’s [[CDE]] . Check out the retrace to the consolidation zone on the weekly:
It’s quite likely that [[CDE]] will fill that gap at $17.33 from back in early September, but that’s no reason to get greedy. The dollar could crumble further any day now, including Monday. I’m not going to wait for that last fifty cents, I’m going to start adding back my positions that I sold in the $23-24 range in December today. Believe me, when this is all over, fifty cents is not going to be worth… fifty cents.
Platinum plays like [[PTM]] and [[PAL]] are holding up nicely today as well, although nearly everything needs to consolidate. Keep in mind that the relative strength in the precious metal names has been stronger than the overall market. Best.
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RGLD is much cheaper than 6 months ago, buying opportunity perhaps..
Well, lower than three months ago, mebbe, but I’m hoping for a pull to the trendline at $44-45.
My money truck will be waiting.
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oops i meant to say 6 weeks ago, but I agree, this is my fav jacksonian
just sent you an email regarding this. telekinetic powers, perhaps.
Sorry, had a meeting at 3. It’s been crazy here. I even had to yell today.
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Deal Agreud!!
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where’s my commish?
Not that deal. Let me know if he’s still on.
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I know not that one. However, i’ve muscled into your business and now require ‘insurance payments’ of 10% of everyting you make. That’s a discount. Normally, my fees are 12.5%.
Is there a Soprano’s marathon going on this weekend in Cigaretteville?
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lol… close – goodfellas
What’s your re-entry on SLW? I see some support at 17 with the moving averages and some congestion at 16, along with the rising trendline.
I grabbed a little on Wednesday in the 16.70’s, but have buys in at 16.50 and 16.20 (which is the trend line).
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in CDE at 18.31.
just a nibble
I am pissed… I squeezed in here between meetings to get the above post out, but my 3 o’clock popped up before I could get my orders in… by the time I got out it was up 30 cents.
So I only got 1k at $18.37
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wtFRG….. BTFO!
W T FRG!
That’s a keeper, launching off it’s 200 week ema this week.
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Hey Jake,
Did you see the dump on CREE? Down to $54. AIXG down to 31. If this move goes to 10200 on the dow, it would be a buying opp.
Agreud, but not sure we get that low… Note, when I recc’d The Six Picks I advised looking for the 13 week moving average, which in CREE’s case is about $52.
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http://www.youtube.com/watch?v=WyVKhsdCQo4
lol — is that your comment?
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