(Actual Photo Taken At Le Docteur’s House)
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My apologies, as I’d meant to post this chart last week, but was just buried with work and transmission troubles from various hotels.
Anyway, as you can see in this chart, AAU, or Almaden Minerals (“we’ll sell no cheap wine before it’s time”) is still in “buyable” territory, hence my decision to roll this one out, albeit a little late. You’ll note where I was looking for the “all in” spot, and we didn’t quite get there last week, which is a testament to the resiliancy of these PM markets.
But as you can see, we are close to the “buy the break of” point as well. I may even amend that recommendation and tell you to purchase the break of the 50 day EMA, which is approximately $3.90.
If you are the nervous sort, you might want to toe in today, with maybe a quarter sized position, and if we get a break of the 50-day, add a half. You can follow up with the final quarter on the break of the consolidation zone as demarcated above.
Of course, if you do any of that, your youngest daughter’s eyes will probably cross permanently, rendering her “unmarriageable” for life, and you may lose money.
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This fucker drove me nuts last time, and with the recent additions to the “fav’s” I’m sitting about 50% in PM’s and happy about it. Gonna wait for the “break of” point.
Nice addendum, very fly-esque ..
Nice to see another JakeChart!
That box doesn’t appear to be as useful in holding ‘Disneyland pennies’, does it?
a childhood filled with lies!!
So gullible… so gullible.
Believe me, you didn’t miss anything. The restaurants are better these days, too.
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BTW — for everyone’s general information — #6 has a very rare distinction regarding the NCAA competition — he has not only his undergraduate institution playing in the NCAA’s but also his graduate school as well!
And yes, he’s been drunk since Thursday.
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Sorry, that should read “playing in the SWEET SIXTEEN of the NCAA Tourney.”
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Going to Vegas on friday too. Let’s hope that’s not the “Kiss of 2 Deaths”
Feel good about VCU…
Spidahs?
Not so much…
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love those antiques now do ya. hippy. i’m dyin i love that box.
Antiques?
Say what?
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i swear to god.i thought boxed vino went out with tie dye. i cant remember the last time i saw boxed vino.
Nah, it’s sold by the carton load all ovah.
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hey man, just stopping by to say
1. holy bank stocks are sucking wind today
and
2. hope you don’t quit blogging, although I remain out of the precious metals game and, in fact, largely out of commodity related stocks in general, your blogs are ones I always read and tops in the PM space.
Jake, you may like this!
http://www.benzinga.com/trading-ideas/long-ideas/11/03/940214/david-rosenberg-sees-another-recession-coming-kft-abx-xom-slw
I think I wouldn’t be surprised to see something like what Rosie describes, but…
He’s seen another recession for 2 straight years now, and been so consistently and unapologetically bearish as to have earned a spot in the Zero Hedge Hall of Preferred Commentators, if such a thing existed.
You’re such a PM maven.
Not perfect but improving often. Picked up over at Gary’s Blog.
http://miningalmanac.com/
Too long to load, fail.
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Did anyone else notice that AAU was up 10% after hours today? It’s at $4.16.
Nice work Jake. Very nice indeed.
with only 400 shares traded, so some idiot put a market order in
Here’s to you, fat ass.
http://ibankcoin.com/woodshedderblog/2011/03/21/testing-your-metal/
“Fat ass,” seriously?
Start getting laid again. Try women this time. It informs the “wit.”
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I was in a hurry. Does lard ass suit?