Ladies and Gentlemen, the Best Ozzie Song of the 70’s
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He was only 2 years old, but the Fly had his theme song set in stone early….
It’s no coincidence that I bring you an Ozzie 70’s tune as tonight’s theme. We are back in the 70’s ladies and germs, even down to the bizarre long sleeved coat sweaters that have come back into fashion (yes, I saw my wife in one this holiday season). The current commodity inflation and the odd, Jimmah Carter-like disaffected President should serve as further nostalgia for the period.
I guess all we can do now is await a Reagan-like figure. In the meantime, may I present a couple of guest picks from none other than the Teahouse onna Trax man himself?
First, one I liked upon inspection today, but which is overbought considerably, is Canadian rare earth and uranium miner QSURD (a very risky venture, be warned) :
Another, I like better, as it’s Ozzie, like the Bee Gees, is Teahouse’s other pick, the rare-earth Saudi Arabia itself, GDNLF. It actually looks like it’s got some more room here, and I may grab a bit early here, in anticipation of a more general pullback.
Otherwise, I am standing fast with my current hedges, as the dollar is still ambivalent. I did sell about 25% of my AVL today at over $7.55, a double even at my high prices.
Thanks for the contributions, Monsieur Teahouse on le Trax!
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Congrats on 2010 and good luck in 2011
It would be cool to dissect the financials of some large and small cap miners and see what makes them tick
gold reserves, assets, equipment ect?
if you’re into that sort of thing
Its kind of freaky buying stocks that are just a hole in the ground with the prospect that they might pull some gold out.
Long sleeved coat sweaters haven’t made it to Oregon yet, but thanks for the warning 🙂
Yup, I got my “friend” one for Xmas … funny, I thought trends were set on the left coast and then moved east. Must be attributable to global warming huh? But then why would anyone need a sweater coat ?
Thnx for the backup on these picks Jake. I took a starter position in GDLNF and only dipped my toe in the water with QSURD in case they announce a US listing as intended.
QSURD strikes me as a potential FRG type play that could get better and better over time. I see GDLNF as the motherlode that could spike at any time but also could be held longer term for the ultimate win.
Currently looking at a 4G commercial internet provider … let you know if I get in but it looks toppy right here despite the bull flag it’s sporting.
One more rare earth vee-hicle, as you await your Godot, or Reagan … LYSCF … or even RAREF if you like scraping the barrel’s bottom
I believe we spoke of Lynas and his blanket earlier, but thanks for the reminder.
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My favorite Rare Earth – http://www.youtube.com/watch?v=ZFBLYuM7y4g
update EXK for me, now at 6.97, more downside, or buy?
I ain’t buyin’.
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thanks
Note the typo above the GDLFN chart reads GDNLF…suppose cause it was posted after midnight when nothing good every happens.
True dat, including most of my posts.
It’s me w. the typo, of course.
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Wow, PMs getting smoked today.
If you’ve been an attentive reader, you were prepared.
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GLD hanging onto the 50-day…Jake, will it break it?
Doesn’t matter much.
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Still holding said basket. Only screw up was I got a bit heavy into EXK a couple of days ago thinking the end was near. Seems to me like were pretty much done with this fall of the PM’s. Current thoughts?
Maybe not just yet….
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this could last a while. 5 weeks maybe longer. sell into the bounce here or we should get one tomorrow.
Dutch could be correuct, here.
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Hedging/pullback speculation. I’ll be adding to TNA puts on a bounce. Building a VIX call position.
Waiting to buy lower. Looking to build positions in global growth
Hedging/pullback speculation. I’ll be adding to TNA puts on a bounce. Building a VIX call position.
Waiting to buy lower. Looking to build positions in global growth
JG or any others:
Any thoughts on ALKEF.PK
http://blogs.forbes.com/gadyepstein/2010/11/11/names-you-need-to-know-in-2011-alkane-resources-for-really-rare-earths/#more-458
It’s a gold mine first … why spend $1 for that when you can have the motherlode with GDLNF for about the same money?
PS: If you want diversity, try TASXF for euro exposure but the currency risk comes with it
Add’l info on GDLNF:
“The Kvanefjeld deposit has enough uranium alone to pay for the cost of the mine, with all revenue from rare earths marked as profit. The company said it would be the biggest rare earths mine outside of China.”
http://www.raremetalblog.com/2010/09/greenland-eases-uranium-mining-ban-gives-nod-to-australian-company.html
Well played, Mr. Gint.
You went toe-to-toe with the Russkies and the other guy blinked.
Straight out of the pooper valve, but a good blog El Gunt! I respect it.
Everybody; Jacob, just like the Jacob who came before him (sorry for the ubi sant motif) the grandson of Abraham and the son of Isaac; when his twin brother Esau came in from the fields and begged him for “that red stuff” – the stew – Jacob demanded he sell him his birthright. And now Jacob professed to be the firstborn, when ultimately he was an imposter.
In light of said deception, I propose we give Jacob the new nickname he deserves – Senator Gunt.
You flatter, but I’m actually the first born son.
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Jake Goldfinger:
If AVL met the eligibility requirements, would you have picked it for the 2011 contest?
Thanks.
Likely!
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Excellent (Mr. Burns voice).
Thank you, Mr. Goldfinger.