Can you handle it?
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Not as well known a ditty as “Red sun at night, sailor’s delight,” but far more remunerative.
First, my apologies for not being able to interact last night save by teeny tiny Crackberry screen, which after a day of meetings off-site (I am on the coast now), left my weary eyes strained. I’ve never actually attempted to post from a hand-held device, save for comments, and I’m wondering if any of my fellow bloggers have.
No matter, I’m here briefly to let you know we are at an inflection point, in case you haven’t noticed. The dollar has broken some significant support levels at $82, and I think it’s next stop — and quickly there- will be $80. I think old Ben has finally gone and done it and broken the bank. Your only respite will be equities an precious metals in the near term. For the long term it will be only the latter, I’m afraid.
In the meantime, as it always seems to happen, I am enjoying “large phallused gains” in almost every category of my holdings, but none more so than the precious, and specifically silver and gold. One of my correspondants was wondering about possibly putting on some more IAG exposure for the short term rebound. Now would be that time, young chappo.
Also, all the silver gods and dogs should move today and through this expansion as silver has easily crushed the $20 resistance mark and is now back on its way to all time highs. I may take this opportunity to add some leverage to my holding through some DEC call action on SLW. I may add also to some “permanent options” like EXK and GSS.
In short, the PM’s are like fat, slow blind juicy turkeys out there and you are armed with a blunderbuss on the third week of November. Go forth pilgrim, and pacify.
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How does that white robe with Jesus sandals work in Louisville?…..Jakey! CH
Indeud!
what a difference a day makes! lovin’ IAG today!
thoughts on why IVN not participating in the rally?
Go IAG!!!
Jake,
Are you waiting for a little pull back to add, or running with the momo for adding?
I just threw on some Decembers this morning to get w the momo.
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Bought another 3/4th of my original position. Probably should have bought another 10 times. This should run up to 19 anyway before consolidating . Then I will lighten up. Year end target is 24!
The PM’s recognize the exhorbitantly overpriced rooms in northern cali and are acting accordingly!
Its an egregious World….Its A V.King World
Ahh September the Month that gave us 9/11 & Lehman…good times!!!
Ha ha – speaking of a V.king world, i will be in one of those exhorbitantly overpriced hotel rooms in Napa on 10.10.10.
10 10 10 …Oldest son getting married in Chicago…I’ll be wearing tuxedo / with body armor.
Let’s hope (for his sake) he is at least 27 yrs old and you sired said son at the age of 20.
It appears you are dangerously close to being kicked down an empty elevator shaft, no?
KC Bill and Trader Caddy have special dispensations for old mannishness.
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47 when I first posted at the old blogspot….I think I’m grandfathered in…
51 now…holy crap time Flys (no pun intended indued)
You’re getting dangerously close there yourself, fellah.
I will feel safe in Northern.Cali– no way the Qu’aeda attacks its allies up there. They may want to piniwh Bloomberg for being insufficiently pussillanimous.
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Congrats.
Don’t forget to get some Chicago style hot dogs or Vienna beef sandwiches while you are there.
I am told that I was skipping down the aisle when my last got married and muttering something about “no more tuition bills, no more wedding bills.”
Sold half my EXK @ $4.12 for long dong silver status.
I will hold those strike-dateless options, thank you and remind you that SLW was at less than $3 about 22 months ago.
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Shhheeeeeeeeeyyyiiiiiiiiiiiiiiiiiiiittt – don’t need to remind me – i was buying it down there.
EXK cost avg $3.27 cha – motherfuggin – ching!
ill be bach
SSRI … rising tide is right!
Apparently JG and I are the only ones in this la famile with patience. Exk going much higher than 4 and change, DMG.
Speaking of norcal, shall we all take a tour of yours truly’s fav stock while there? Apple and its gloriousness is just a hop away? Maybe post 70th? Get MoJo on board with UPS like fanaticism? IPads for everyone!
Give up on that fad stock already.
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Was ist du, ein blintfisch?
“Sold HALF my EXK @…”
Half a ginormous amount still leaves a plenty.
Apparently JG and I are the only ones in this la famile with patience. Exk going much higher than 4 and change, DMG.
Speaking of norcal, shall we all take a tour of yours truly’s fav stock while there? Apple and its gloriousness is just a hop away? Maybe post 70th? Get MoJo on board with UPS like fanaticism? IPads for everyone!
Not so … I too am in there EXKavating some heavy returns!
Jake: Try this link for your nightly post ……… YEAHHHHHHHHHHH!!!!!!!!!!!!
http://sneakytime.com/csi/
Click on the shades for how cool the PM’s are treating my portfolio ………
PS: “Let It Rip!” … formerly #8
LOL… wtf is that? Is that the Chicago skyline?
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Should be Miami … CSI
Ah — teevee show? Haven’t seen that one…
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If these were ETFs which tracked an underlying, which would you rather buy?
Good day
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1284502218235&chddm=1171829&chls=IntervalBasedLine&cmpto=INDEXSP:.INX&cmptdms=0&q=TSE:.GSPTSE&
Was there a blow off top in metals today? I missed it.
Some grape squeezers allege.
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Next stop for price of silver…$22. All aboard!
(Disclaimer: there is zero credibility to this claim, unless it’s a bizarre superstition over the number 22 I have developed throughout a lifetime. Please do not make investing decisions based on my idiosyncrasies.)
OEW did a nice piece on Platinum with some wave charts … here’s a link for those interested in the outcome for gold and platinum based on OEW theory.
http://caldaroew.spaces.live.com/?_c11_BlogPart_BlogPart=blogview&_c=BlogPart&partqs=amonth%3d9%26ayear%3d2010
Tony sees platinum starting wave 5 up and expects it to be a lengthy one … as much as wave 3 and a possible triple by 2014.
Thanks for the link Teahouse. Excellent read.