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[youtube:http://www.youtube.com/watch?v=dQtq4Z4t1yQ 450 300]Coupled With an Egregious Loss of Dignity
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SLW was up 25% this past August. You’re welcome, any time.
I expect we’ll see a bit of consolidation in the PM names into early September, perhaps even coincident with a pullback in TLT, our nemesis.
Then again with the action in ANV today, that might just not happen at all. I hope, however, that it will, as I would like to add a bit more ANV before that behemoth continues to roll on. Remember what I said about how powerful that stock was off a touch of the 200-day EMA? That was back below $16 a share, less than six weeks ago, and today she hit $24.50 before backing off to a dollar lower than that.
Now futures are raring up in a wholly unexpected September first blastoff. I mean who could have thought all that low volume selling on Monday could have been big money positioning?
Right?
PM’s may rest here, but I’m thinking ANDE and SQM — two recent mentions, along with old Jacksonian friends TC and TCK, will offer plenty of fun-haus trading for those so inclined tomorrow. Dollars to doughnuts, our friend earl starts launching again tomorrow. I may partake in some eeeevil ERX as a result.
For the adventurous, it looks like CREE and VECO are ready to “POWR” up one more time. Or you can go equally nuts with Triple Sec Russell play, TNA.
My best to you and your Boomer parents. Well, kind of.
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Tomorrow morning there will be money falling from the sky… get your buckets ready.
TNA – a thing of beauty. I mean, how could you not like any ETF that is 3x and named T-n-A?
It’s the Christina Henricks of ETFs!
She is a babe, no?
It’s the red hair.
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Only problem is her feet. No shit. Google it.
Jake,
How high would you go as a % of port with the PMS on a temporary basis. I know that the general wisdom is to keep the PMS at somewhere between 10% to 20% of the port.
However, given the current market, I’m wondering if going up to higher percentages might not work for awhile. I guess the trick would be knowing when to reduce your position.
No!?
If I had put the whole port in a month ago, I’d be seriously wealthy!!
H5-O, as I’ve said before, your portfolio makeup is going to be dependent on your personal financial needs, now and in future, not to mention your age and your personal appetite for risk. That’s best figured out sitting with a decent, honest financial advisor.
I am nobody’s financial advisor except mine own.
I’m glad you’ve been doing well with what you’ve invested thus far. Keep an eye on those future plans.
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hendricks is a blimp. but she looked hot on the edge of the bed with the furcoat on..and that guy with the liver spots on his ass? got better moves than BritKnee. Hamm’s moves on Emmy’s not hot.
A blimp? Holy crap, I hope you don’t have any daughters…
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I must say it’s pretty pathetic that an equity rally, here & now, and even many of your picks above, depends solely on the demise of the USBuck.
The last rally before we go down for the count?
Developing …..
The Fed’s been wrecking the currency since 1913. I don’t expect it will all go to hell in a handbasket in one fell swoop, but be more like the post-war UK, with eventually our abused currency taken out of the sovereign slot.
Unless we roll back the socialism in a big, big way, we’ll be supplanted like they were (noted, the UK tried, but didn’t quite get there, and continues to decay).
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Dollar getting pole-axed!
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Jake:
It’s been quite a run for the Miners. When are you planning to get out? It seems like last year around December you sold everything before going back in.
I didn’t really sell everything, and won’t until this bull maxes out with a series of spikes that will be remniscent of the dot bomb apex.
That said, I probably cut down to 50% of my position back on the latest spike into Christmas. I’d expect the same kind of seasonal treatment this year. But first, I’d have to see the dollar break below $77.
It’s on the way, I think.
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Jake:
With Earl beginning its launch today, would you lock into home heating oil at current rates or do you expect a pullback? Thanks for your input.
Holy crap am I unequipped to answer that question!
Heck, if it was me, I’d be worried about a dollar meltdown and a cold winter, so better safe than sorry.
But that’s all I gots! lol.
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Out of IAG for now with a 35% gain …
Sold some ANV for a 50% gain … not bad for a 4 week hold.
Hope I get a chance to repurchase lower … fingers crossed!
I’ve played that game of regret, and I’ll just hang on to my shares thank you, albeit through a brief pullback.
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Didn’t want to be a pig … needed to raise some cash as well into this move (being all in and all).
Let it Rip! … for another day or two.