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Yeah, there are a lot of silver eggs breaking out, but why not play off the Easter theme and show how [[PAAS]] is bouncing off both excellent (and reliable) trendline and moving average support lines?
Look at these here eggs!
Silver is over $18.00 tonight and I expect more from [[SLV]] and [[AGQ]] tomorrow. But in the long run, you are best off with the people that pull this beautiful, most useful metal out of the earth.
That’s Silver Wheaton Corp. (USA) [[SLW]] , [[SVM]] , [[EXK]] , [[CDE]] , Hecla Mining Company [[HL]] , Silver Standard Resources Inc. (USA) [[SSRI]] and of course E8’s [[MVG]] — a most excellent call.
Gold will blow out in unison, but as always, Silver is the high beta T-Rex.
Best to you all.
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Hoo, boy, don’t eat the nutria! Best if cooked long and well. Too much spices, and some fool told me suck the head. DON’T YOU BELIEVE IT!!!
Paying for folly tonight, maybe some hair of the dog to settle the insides. Ah, well, hope your easter was better than mine. Good luck tomorrow with your eggs.
CREE Raised to Buy at UBS, $92 Target. You are a fawking beast, Jake! Well done, sir. And great eye on Silver making a move here after the much needed gap fill down to long term trend line.
Thanks, don’t forget about VECO, either, here.
I will be exploring other smaller cap LED guys in future….
“Developing.”
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I have a few … to be posted as soon as I am filled
Email me and we can compare notes… [email protected].
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Check your email …. I sent you a few picks …. have a couple more I’m reviewing now.
Ragin and I were looking at ZAGG as an ipad play–whatcha think?
too funny…. I purchased their “solution” this weekend when I bot a new phone.
One trick pony? I dunno, but the margins must be awesome there, at those prices.
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I’m thinking SYNA & CY (LED exposure too) …
Thnx for the props on MVG … Don’t forget FRG (gold & uranium)
I own FRG, but have not talked about it in a while….
Maybe I’ll do another piece on them…
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BTFO
Fronteer reported “promising” metallurgical results from work at the Halilaga copper-gold project in Turkey. It also announced a $2.7 million drill program in 2010 at Halilaga.
Jake, lets be honest, I appreciate your work and all. And love the whole gold/commodity thing and it will work out great. I am not aboard yet as I see lower prices. But in all honesty that is the most bull shit trend line I have ever seen. You just slapped a TL and said hey look here is support. There is no truth at all to that trend line as many will find out. I am disappointed you would put up such a picture and call it a reliable trend line. Perhaps if you found a channel or something else but that is not a trend line. Keep up the great work.
One question, I was looking at SLW and I heard their contracts are not hedged. Are there other companies similar to this and if so names please. Second if you had any backtest of how these respond as long plays after a drop in the price and then a higher price to come. I would really appreciate it. Thanks and dont feel that I am criticizing you just because of your TL but I know that you know it isnt reliable or valid.
WTF are you talking about? That’s a weekly (i.e., long term) chart, bouncing off multiple touch points, including three major weekly moving averages.
“Many will find out?” Toss off, Nostradamus.
Of course SLW is not hedged. I do not purchase hedged miners (or royalty players in this case), which you would know if you dropped in for something other than your semi-annual TA appraisal.
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We all know what happened to Barrick when they decided to “un-hedge”. Hedging is for pussies.
1. Moving averages are for complete suckers.
2. Moving averages only work if they do for other reasons.
3. That is a touch at best to two points. A correct trend line should have sharp reversal off of it. That is the weakest reversal off a trend line, but it isnt one to begin with. In two weeks proof be on the pudding that the trend line is a joke.
If I recall you do play RGLD for long term, and I am no gold/silver expert hence why I come to the guy I view who has the most knowledge
1 & 2: Disagree on MA’s being for suckers. If the suckers use them (especially the longer term ones) then they affect the markets, as this one obviously has.
Are you going to deny the power of the 50/200 Golden Cross? After Woody showed how statistically significant it was (and indeed, as it has showered us w. riches since)?
3. There are multiple touches on that line. Have a look at the monthly as well.
4. Not sure what RGLD’s got to do w. anything? Is this a new topic?
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Seems like Josh1ngU found a spell checker…
1. I dont think there is much power with 50/200 cross. Rather I think it is what has happened before the 50/200 golden cross while either major top or bottom. Statistically it will of course show a ….. significant advantage but that is because a long term top or bottom has been made. Thus the reason of market is what has come before rather than a delayed price action.
3. I disagree, but if it works for you fine. I dont view it statistically important.
4. RGLD got nothing to do.
Long term I think it is bullish but longer than the weekly timeframe
Respect, moving averages work. Now, you could make an argument that they work better on some issues than others, but they do work. Part of the magic is choosing the right moving average for the right time.
I suppose but I think there is very little statistical edge. it is almost the same thing as saying if market is up over past two months you go long the stock. Obviously they work a little better as they perceptually provide resistance/ support
Nice word play. I know, you had to use the title.
It’s become an annual thing. Too good to waste the name.
CREE blowing doors!
VECO, ftw.
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Sent pict, what do ya think? Hile you don’t mind. Saw email. In lake charles tonight, pretty cool after the backwaters of louisiana.
Like no other state in the Union, is it? Creepy above ground mausoleums, etc, Spanish moss… even the new stuff looks old.
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PAAS clearing this line was big…Let’s see if it can hold, but the next target 26.50. I had some of this guy but sold it –Gary’s constant chirping about the coming correction finally got to me 🙁
http://www.screencast.com/users/Jayhawk1991/folders/Jing/media/f929fa76-6c0f-427f-98c9-221046ae6863
Well, I can’t imagine he’s too happy about being 25% invested right now either. Still, there will be a pullback and you will be able to get back on.
Always true in these names.
In the meantime… checkout RDN, which Rajin gave me just north of $8…. I’m sad I sold any.
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Eye popping chart right there. :0
WOW.
Agnico-Eagle Mines Ltd. (AEM, C$58.74, C$0.66, 1.1%) plans to buy Compalex (C$9.90, C$1.90, 24%) in a friendly share-exchange deal that values Comaplex shares at C$10.32 each. Comaplex shareholders will get 0.1576 of an Agnico-Eagle share for each share held.
M&A’s baybeeeeee, keep ’em coming!
Guess what?
There’s a LOT more coming, as 2010 is the end of favorable cap gains treatment….
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Remember that XRA spinoff everyone was whining about a few weeks back?
EXGMF is the symbol… up over 17% today!
Can I get a “Whoo-hoo?”
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What are your thoughts on a deflationary collapse and in this scenario what happens to the dollar relative to gold
I don’t think there’s any chance of a deflationary collapse any time soon. Ben has his fingers on the press and there’s no gold standard to worry about. If anything, we’ll have hyper-inflation first.
In any case, gold did very well in the last deflationary collapse (in the 30’s), but then, it was also confiscated by the gummint then as well. 😉
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http://www.youtube.com/watch?v=O0B_UZNtEk4
Jake, would you initiate any new positions in PM’s now or wait? If yes, what are your favs here?
I am not intiating anything new, and waiting for a pullback… which seems to be late!
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