Apologies, Madmoiselle, you are not welcome here! Allez!
________________________________
Word has come down from on high: Le français est interdit!!
Many apologies to those who may enjoy the French, or the French Canuckistanians who often drop by in passing, as their langue – il est “banned.”
Le langue d’amour is especially verboten (no worries, that’s la langue Allemande) in association with mention of large, arse-kicking, three-digit wins in such names as ENTR, SQM and CMI. No more, mon Capitain.
____________________________
Pay attention now, because this is important. Flibberty gibbeting about with “we’re crashing, no, we’re rocketing” is fun, if you have the time, but paying attention to secular bulls on pullback pays cash money every time.
Right now is one of those times. Gnashing your teeth about missing the (oft-preambled) stratospheric rise in ANV and SLW? Curious about RGLD and EXK? PAAS and EGO?
Now is your time to step up and contribute to your fortune. Stop screwing around and get serious already.
That is all.
_______________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
So if I understand your French, you saying one might consider adding a few bucks here?
Mais oui, mon ami.
I realize you have already entered, and this is more a crie de couer for those who have yet to toe-dip, but if we get much more pullback on my two favorites (and also, IVN), I will be adding.
__________
Jake, what are you looking for in terms of some potential price targets? I’m very interested in adding to my hoarde of miners as well as AGQ. Thanks:)
PS: Ahhh, I was wondering the how/why behind your francais…you’re giving us some more clues now:)
Ah, being a member of the PPT, I’ve just posted that question to you in there. Stopped out some AGQ yesterday and missing it already today LOL!
Just answered you in the PPT, and had my last answer swallowed by the servers.
Basically, I tried to get into IVN yesterday at what I thought was a clever buy stop of 17.71. I missed it by a dime, and now it looks like it is running again… dammit.
_____
The French shit you have going on:
How can I explain it best? It’s like taking a small joke of mine and beating it into the ground until hell itself is revealed, sucking all of those who are on Earth into it.
Did you know the term narcissism was from the French, originally?*
Monsieur, how can I explain it best? My use of French — which I was spieling back to my high school teachers when you were still playing cops and wiseguys out front of the Baskin Robbins on Martense and Flatbush Ave — has absolutley nothing to do with you.
Odd, no?
What’s really odd is your bizarre distaste for the Frog language. Did you have a nasty Burgandian grandmother or something?
____________
* (not true. This phrasing, like my use of foreign languages, is a an oblique metaphor constructed for comedic or emphatic effect, designed to keep my badinage on these tubes from becoming too boring)
Well, your boudinage-expanding photos are a good boredom reprieve. Your badinage is fine too. French and all. I recommend pig-latin however. Easier for Non-Frank-O-Phones.
pig faced liar. You are doing it to annoy me.
Wrong. That’s a mere bagatelle. I only found out it annoyed you yesterday. That such annoyance is so irrational only makes me curious.
You would be okay with, say, Espagnol? Unfortch, I never took it.
_________
“France has neither winter nor summer nor morals. Apart from these drawbacks it is fine country. France has usually been governed by prostitutes.” Mark Twain
Hey Fly.
http://henryfoolspicks.wordpress.com/2010/09/10/key-pivots-for-haup/
An event horizon in france, wery, wery, interesting you wascal wabbit.
IAG looks like the most enticing buy of the bunch
Down to it’s 50 and 100 but the 200 at it’s long term trend line looks like the best entry
Definitely on my radar, may take 1/2 today and the other 1/2 at the 200
Any reason for the recent damage it’s sustained?
Not a conspiracist but after what just happened with ANV, I’m starting to wonder.
Let’s just say, I think you’ve recognized a pretty powerful pattern.
___________
Three White Soldiers today (if it closes here or higher) on TTT for those looking for an alternative to CLF … they own the mine from which CLF produces iron ore in Canada.
Interesting THOTT. They have seen three white soldiers before, but this time it brings price back above the 50 day EMA.
_______
I expect a massive push up in gold this week and positioned that way levered. Gold here we go.
Silver’s already moving again.
SVM + 6+%
______
I think the better play is to do GLD than to do silver or miners. But they are all strongly correlated so nonetheless up we go I think
Just a “reversion to mean” strategy. Long term gold-silver ration is between 40-50x, but recently it’s been well over 60x and higher than 70x at times (its about 63 right now), so silver is cheap relative to gold, still.
________
When gold goes ballistic and silver follows; silver bits will be more useful for daily transactions. The fact that bits exist just shows that pm’s held their purchasing power in the past. No different this time.
Rising sugar prices will keep ethanol prices firm while a bumper corn crop in the U.S. will make feedstock cheap for baby ANDE … GPRE
how about $GBG? got in 1/2 today and see how things go before adding more.
Yeah, somewhat overbought, but looks good at $2.20 or so.
____
hmm… i got in @$2.44. Marco thinks it will go to $7 in a year or two.
I would not be concerned about that price, imho. I was just talking about an optimal entry. Could never get back to that.
__________
I did go ahead with a 1/2 in IAG yesterday but I just noticed Tim said on Thursday that gold didn’t look healthy so I’ll probably just sell on Monday now.
ROFL.
_______
Jake,
I’m thinking about moving some of my ANV over to IAG for a bounce off the 50 /100 day.
What you think? I’m thinking ANV needs to pull back a bit here and IAG is done falling.
I also might add some more PAAS. It’s looking pretty healthy here.
But I’m not as certain about SSRI.
Do you concur with any of the above?
Don’t you already have a tonne of IAG?
PAAS is a better bet than SSRI, but not better than SLW. Keep an eye on SVM and MVG here too.
____________
Yes about 1/4 the PM port is in IAG, but was thinking of trying to catch a possible bounce.
And I’ve got almost 1/4 in SLW.
As for the rest, it’s 1/8 in ANV, 1/8 GLD, and the final 1/4 almost equally divided between PAAS and SSRI.
PM percentage of total port now is 25%.
So what you think if I decide to add more … maybe diversify by adding into other names and not try to move the existing amounts around so much?
You’d be better off just leaving your investments alone
Wait for Jake to start making big sales before doing anything
I had zero gold and silver and was looking for an entry
I think you’ll do fine with IAG once it settles and start to climb.
I’ve done really well with the PMs in the last couple of months and if they continue to climb into Christmas as many seem to think, all the better!
If you feel you must play the IAG bounce, just get some November calls or something. You’ve got plenty for the longer term.’
____________________________
Thanks Jake. Duly noted!
An interesting lecture on our “way out” of the global debt problem:
“Finally, I guess one just has to ask oneself what’s going to happen in the world of dodgy
paper currencies, of fiat monies, because you could quite easily get burned if ultimately
we do get a crisis not just of the euro but of fiat currencies generally. And I keep thinking
that maybe I should be valuing my portfolio not in terms of this or that currency
but in terms of the barrel or the ounce—in terms of commodities like oil and gold.
Maybe one of the lessons of history is that periodically paper currency loses credibility
so much that we have to revert to commodity standards, and I think that may well be
happening. When you look at what’s happening in the gold market, it’s not so much
fundamentals that are driving gold up from a $1,000 towards $2,000. It’s a fact that
more and more people feel that they should hold gold as perhaps 10 percent of their
portfolios. If everybody thinks that, if that becomes a standard investment strategy,
then gold is going to go a lot further than its present price. So I’ve really re-thought my
attitude towards gold almost on that momentum basis.”
http://www.iie.com/publications/papers/niarchos-ferguson-2010.pdf
Psychology is always more important than fundamentals at least in the intermediate term IMHO!
However, Jake makes a good macro fundamental argument!