If it’s a schtick, so what? If it’s an act, who cares? He’s saying what ought to be said.
It’s absolutely a perfect metaphor for our political process that these asshats think they can go after the big banks and securities players while leaving the hot steaming mess of Fannie Mae [[FNM]] and Freddie Mac [[FRE]] for another day and another half trillion dollar bailout.
It has to end, and thank the Lord for big mouths like Rick Santelli who know the game and will call them on it.
As for other heroes….
Allied Nevada Gold Corp. [[ANV]] Boom!
IAMGOLD Corporation (USA) [[IAG]] Bam!
Golden Star Resources Ltd. (USA) [[GSS]] Shhhhher-pop!
Eldorado Gold Corporation (USA) [[EGO]] — Shazzam!
[[EXK]] Ker-Pow!
And this is less than half the list…
Where to watch for a step off? Easy, I think:
Enjoy, but remain vigilant. Best to you all.
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Okay, one more… my baby — Silver Wheaton Corp. (USA) [[SLW]]
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Great call Jake
Midas!
… is that a Krugerrand in your pocket … or, are you just glad to see me ???
.
Thanks, fellahs.
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Well done sir, and many thanks to you…
Jake, I want to parrot FLY’s well-deserved kudos to you…excellent job on your thesis/picks!
Couple of questions for you:
(1) What percentage of your overall holdings are PMs (i.e. gold and silver-related stocks)? I currently have 10% of my net worth in the PM group but am looking to increase that.
(2) Do you own any physical gold bullion? I’m probably getting ahead of myself here, but I do have fears that owning GLD ETF just won’t be safe in the long-term if things hit the fan like I think they will eventually. At the end of the day the GLD ETF is just “paper”…so who knows what the the New World Order (Obama, Sarkozy, Merkel, and the other “anti-speculators”) has in store for the dastardly GLD ETF? I fear they may try to tax it or curb it or impose restrictions on it in an effort to discourage gold ownership which represents a loss of faith in the currencies they so easily abuse. Is this something you worry about down the road if the GLD ETF gets too big for its own good?
Thanks!
I have about 65%-70% of my holdings in some kind of heavy metal.
I don’t worry so much about the paper assets, but I do own some physical gold and silver… a little less than 10% right now.
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I should have been more clear…for my first question I meant to ask …for a hypothetical person with 100K available to “invest”, what percentage would you feel comfortable recommending be allocated to PMs for the long-run? Thanks again.
at least 50% of your portfolio until this bull run (in PM’s is over), and of that:
10-20% physical
10-20% bullion holders– SLV, GLD, PTM, CEF
20-25% in “big gold” — GG, AEM, AUY, ABX, etc.
20-25% in “medium gold & silver” — ANV, EGO, IAG, SLW, PAAS, etc.
20-25% in “junior gold & silver” — EXK, MVG, GSS, BAA, myriad others….
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Great! Thanks for the breakdown. Much obliged!
Nailed it like Pitino in the back of the restaurant with the broad.
Santelli nailed that kanjawski (sic) hard today.
Indeud, deservedly so.
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Your sageness reminds me of the great Alphadawg. Well done.
I hope he is enjoying his retirement, he surely earned it.
Weren’t we buying SLW sub 10 last year?…
I bot it sub $5…
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2009 was as much fun as Studio 54 minus the hangover and crabs.
Ah fuck. Now Jake’s gonna be trotting around here on a horse made of 92.5% winship.
Pegasus or Charlie the Unicorn*, depending on the day.
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*(Google it)
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Jake and FLY are the only blogs I read on iBC. I really appreciate Jake’s blog because he mixes a fundamental investing thesis with a splash of Technical Analysis for entry/exit points. Its nice to have some tangible basis for your investments above-and-beyond random squiggly lines on a chart (as FLY likes to say). The rest of the TA/swing-trader bloggers on here I really don’t care much for. I hope FLY adds more Jake-style bloggers in the future.
Nice job Jake.
Nice Picks, Jake – How about some some ‘sack’ manufacturers!
I’ve always been partial to JOYG, but there’s also BUCY.
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popped into EXK on your rec the other day. i’m late to the party, but you saved me a shot! thanks
Silver’s up again this morning…
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SVM was up to $8.85 in pre market. Somebody must be expecting a good earnings report today.
next time, if you’d like, i can use my photoshop skills to incorporate these into your charts for a little extra flair.
http://tinyurl.com/ol95ct
Awesome analysis and work!
Grazie.
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Jake, I remember you calling RGLD “the best thing you can buy”, or something like that. Do you still feel that way, or do you prefer some of the others listed here?
Long term, I still believe RGLD is your best bet. It’s the embedded option value as a royalty player that appeals to me.
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CREE is breaking the backs of those that would speak against it, heretically.
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Hey Jake –
What’s your take on PHYS?
Haven’t really looked at it, to be honest. I’ve got GLD, SLV and CEF, already, soooo….
Seems less liquid than those, fwiw.
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Looks like ANV just raised some cash ($273M). Down AH. Could be a great buying opp tomorrow.
I likee.
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Hey Gint….I like your Heavy Metal call…I’m also heavy into GLD, and some industrial metals…but the most important is the 45lbs plates which I hurl around at will.
SG07 you ask ‘the fly” for more “Gint” like bloggers….you sir should be careful for you might end up with a snap kick worth of V.King to your stomach….