No, not that.
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I hope you all had a fine Labour Day Weekend. I spent mine fending off a myriad of stressful “deep nature” day trips (with all the kids) whilst trying to cajole–via overheating Crackberry Storm II — both clients and adversaries into a proper canvas and balsa-wood box which I plan to nail shut tomorrow morning and mail to Zambia, postage due.
True, I do this stuff because I love it, but I also do it for Barak and his indigent health care plan. I want to make sure that shit is well stocked as it launches off the pier.
Given that The PPT is indicating at least a near term pullback, perhaps as early as tomorrow morning, I figure I’d take a look at some loooooonger term plays out there that may be worth taking a pinch of snuff and blowing some loose cash on.
Said loose cash should be in abundance as you all are reaping big gains from the TNA sales you’ve been harvesting as The PPT has directed you, yes?
Or you’ve at least salted away a couple of dollars by following my direction in ANV or SLW in the last six weeks, am I correuct (sic), sieur?
No?
No matter, as I’ve always got more to give, though it’s questionable whether you deserve it or not… I think at least two of the following three will work going forward to Christmas, or at least the time of the Turkey gods. Let’s see if you can figure out which I think are the best. First, our recent wilting lady, CREE in a monthly chart:
Then there’s her somewhat zany half brother in the LED poison industry, VECO:
Then, just for giggles… there’s that one I told you to hold until you were a grandmother, or similar benevolant adult figure. It really doesn’t need much comment:
Don’t lament that you were not here at the beginning of the bull in precious metals. Rather, take advantage of a trend that still lives. Andgo ahead, fool around with a couple or three tech names as well, but be cautious, as those should be shorter term plays (within this year) than the PM’s.
Best to you all, and Happy Labours. Try to keep hold off some of it, eh?
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The little mouse received a 1975 Kruggerand from her grand-father this morning for her 1st day of school.
I’ll be talking to Bullion Direct, directly.
1975 might have some numismatic value over just POG, so be attendant.
Jeez, she’s in kindy-garten already? Time flies. Just took all the kids in for their first day… two schools now ughh….
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LOL – a few hours ago i wouldn’t have known the meaning of ‘numismatic’.
Jake is responsible for 1/2 of Wikipedia’s traffic.
Yes, he is known for his magniloquence, isn’t he?
Have you seen the action on our little XRA spinoff, EXGMF, this morning?
As Smokey used to say, “Svimvear? Veddy niiiiice.”
Yeah, I wonder what that’s all about?
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Jake, great post as always! Considering an entry into EXK, SLW or PAAS. Which do you feel has the most upside potential. Is now a good time, or wait for a pullback? TIA
btw, any thoughts on the article milktrader posted yesterday re JPM suppressing the price of silver?
I continue to believe SLW is the king of all silvers, and it’s breaking out to new highs right now. That said, they are all due a pullback, but they are all very ornery w. regard to timing. I’d just buy in gradually.
As for supressing the price of silver, I dunno, sounds kind of far fetched. If it’s true, then God bless us everyone, because you can only manipulate a market for so long until it blows up in your face.
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This is some good shiz…make sure you have a hanky
http://www.youtube.com/watch?v=AlXDo5WhQXI
I have a little VECO, I’d like a little more but not until <34
I might not get it but that's what I'm thinking
I'm out of all gold and silver mostly due to contract expiries
I agree a pullback is warranted and will probably get back in then
Contracts? You’re in futures?
Just grab a couple of handfuls of miners and relax and watch the shooooo.
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Sorry, as in expired short puts
That’s good too, but you should put aside a little for the looooong term gains.
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Obviously, you are obsessed with the red-headed MILF with the big jugs and luscious lips. Obviously.
Interesting… Where do you get the MILF aspect from? Twisted psychopathology?
She’s younger than me (and Fly) that’s all I know.
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Jake, you’ve probably seen this already but I’m copying just in case.
I LOVE GOLD
http://www.xtranormal.com/watch/6916109/
Yes, it’s humorous (sic) if you ignore the incongruities, like — yeah, it probably is a good idea to leverage cash into gold at historic low interest rates.
Not that I’d recommend that to anyone, but it is a “bank” scenario.
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I keep waiting for a pullback in ANV or SLW, these stocks seems like they go up EVERY DAY! It’s quite something to watch, albeit a bit frustrating for somebody waiting for a pullback.
That’s why you have to pay attention to when I tell you to buy it, Jimbo. That 200 day moving average post I made? When I said that the last time it hit its 200 day it doubled in three months?
Well, were’s less than six weeks from that post and we’re already up almost 65% from there.
Good news is, I do expect a pullback, as I’ve sold some calls.
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any ideas what was with the volume in LIHR?
a share agreement regarding the takeover?
Silver’s over $20!
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Jake,
I entered Cree I have Oct 60 calls. Take my loss or hold on?
Many Thanks,
Chris
I never take a loss right away on a bee-ess move like an “Avian Investors” (Who TF??) downgrade, but that’s my personal choice. There are a lot of guys who say “cut your losses immediately.”
This is a whole lot of bullschist, and techs are getting homo-hammered across the board, but so is the dollar.
I will wait to see if the dollar breaks below $82 with conviction, personally.
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Looks like a top in ANV.
Let’s hope so, since I sold the calls and I’m getting nervous, ovah heah.
I wouldn’t stay out long, however, if you are bailing.
That was Chuck’s mistake.
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Interesting
Jake i never saw this chick before who is she and she is super fine.
Pretty sure it’s still Ms. Hendricks, but it’s amazing how she also looks a little like Victoria Principle (early eighties version).
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Hey Jake:
Have you done much research into Rare Earth Elements? I just started looking at some of the companies, Avalon (AVARF), Lynas (LYSCF), Molycorp (MCP). I still haven’t pulled the trigger but I was interested in your thoughts.
Not a ton, though I spoke with Ozzie J about that Lynas last year at some point (via phone, I think it was 4:00 am his time).
I’ve looked at Moly but not invested, and of course, I’ve been featuring SQM here and own that one.
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