Bring the Goooooold, lads!
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Amidst all this market shakedown this week, thanks to the Goldman’astra there’s been one stalwart –the gold and silver metals and their miners.
Whilst today Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] were mildly to “extra spicy hot” OFF, my trove of golden doughnuts held form well, and in fact look to be setting an example to the rest of the stock world for when everyone else realizes inflation is coming.
The [[HUI]] , which is an index for unhedged miners makes for a great example of the relative and overall strength of its sector. The weekly, which you’ve seen before, shows that the bounce off the 61.8% fib line continues unabated:
Even the daily is showing “whut-whut” these days to the pikers in other sectors:
These are the signs of sleeping giants, gentle people… and they are quite possibly being unleashed by their former masters in the Iberian and Aegian Peninsulas. Whatever the case, you can be sure more printing is to come.
Here’s a beneficiary of some printing, as pointed out just two nights back. Silver Wheaton Corp. (USA) [[SLW]] has now tested it’s breakout and is now ready to play in all reindeer games:
You know I’m biased, but you have to admit that’s a pretty sweet formation, no? She remains my favourite (sic).
Best to you all, my friends.
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Bonus! — The title explained for those who missed the first posting.
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$CDE strong all day. Cup and handle there.
You have been kinda quiet sir, been busy??
Hell’s yes.
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Jake, do you have an opinion on AUY?
Love CDE as you know and half a tonne.
AUY is not my first choice as far as high flyers, but like GG, is in my long term port and will Stay there
GiGi…
An Audrey Hepburn spin of class for a classy stock.
seeking underperformers…AGT, BAA, MGH…thoughts?
Like BAA, don’t know much about the others, but will look.
thanks!
Good call on SLW, you’ve been talking about it for a long time. I got long SLW at the open this morning. I Should have bought on Friday when it broke out and triggered a buy signal. Buying high and riding the up trend. Will let any gains run for a while unless it gets pounded and breaks the trend
Glad to see you’re aboard.
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My SLW is looking mighty fine, JakeGint, mighty effin’ fine, indeud. So are the others. I did get FRG, and it’s looking dang nice, too.
I don’t know about BAA. Not going to follow you into that one again. I got NXG instead this time. We’ll see.
Still have C.
Sorry you are so busy, or happy you are so busy, however it is.
I’m happy tonight! My little one is coming home with a friend and I rented a place on the bay for us….she got a job dancing in wooden clogs and demonstrating dutch pottery and such. She is such a good girl. I don’t know, I am happy she got a job at only fifteen! And I have the night off from my two year old I’m taking care of… drinking wine, reading IBC, listening to utube vids.
Life is GOOOD!
Good to hear, Chanci. And I wouldn’t be compelled no BAA either… plenty of fish in the sea, and that’s just a junior junior.
ANV and EGO look almost as good as SLW here, for instance.
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Jake little HL looks good to me as well. Would appreciate your thought on this one.
Thanks to you, I am already holding ANV, EGO and SLW:)
HL is not trustworthy, due to craaahhpppy management and history. That said, play small, if at all.
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Whats with VECO today…down nearly 7% in a day like today. Jake, you think this is a buying opp for the fools like me who missed the entire run in this stock from the 20s and 30s?
I really like VECO in the 42s
Definitement.
As they say in Frenchyland.
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clearly you meant 62.50 on MON…
curses!
hey, been meaning to ask, you going to Oaks/Derby this year? Wish i could go. Maybe I’ll get in my searsucker and head over to Belmont with all the other degenerates and make believe I’m at Churchill. Who you like? Sidney’s Candy looks like he got screwed at the 20 post. I like Paddy O’Prado for the name alone.
Both the favourites (sic) got screwed… Lookin’ at Lucky got the one slot, which sucks too.
That said, Big Brown was in the #20 spot and locomotived to an easy win.
Gotta like “Dublin” for the name, but I also like Icebox (again, a tough spot in the #2 slot).
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Just loving Gold here
I rolled up my IAG short puts for another run
Sure would be great if Jeremiah could get me a price for the $HUI wouldn’t it?
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Yeah, you and every irishman with a nickle in his pocket will be betting on Dublin. Thats why im going with paddy o’prado. Nothin’ like a little hot sauce in your corned beef.
That’s one I like, too.
Note Oaks comments on next post —————>>>>>>>>
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