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Even without 7-gram rocks, we’re still winning. Meager pullbacks in silver names like EXK and PAAS represent new chances to “win,” and nothing less, as stalwarts SLW and SSRI were up along with most goldies.
Meanwhile tonight we’ve witness the rarest, yet greatest chart formation known to homo traderus man setting up… the infamous “Winking Friar Super Bullish Formation.” Note the rounded head and fine Romish chapeau?
Now, note the wink and the winsome smile on this knowing cherubic Papist? All this good cleric says is “Wining with NGD!”
Now just go.
Go, and sin no more!
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This Ibc app is still sucking it big time. Can’t read comments. Post won’t update. A real tradge.
Anyway. Good post again Jake. Like the Sheen touch; it looks like losing but self confidence tells us winning is actually happening.
Whew! For a minute there I thought that was the infamous sad/sobbing “Mr Met” formation which is typical in April and October.
Wow, haven’t seen Mr. Met in years. Is he closeted?
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Indeud!
already in, dude; Livin’ la vida loca
4th Q results on EXK just out : production better than expected – but results were weaker than street expectations. What do you think JG? from another JG
I’ve told the group many times that earnings are near meaningless in these periods, as the miners are being priced on assets in the ground. An accelerationg price of the commodity trumps all.
As you can see, EXK is shrugging off this “miss.”
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Just posted the following on Fly’s blog first, by accident:
I want everyone here to have at least 20% of their port in silver, gold, precious metal miners, or their related ETF’s.
No joke.
Please report back for confirmation.
PS — I am almost 100% out of “reg’lar” stocks.
PPS — for those who follow this blog, I’d put that port number at 50% if you are willing to handle risk.
70% of my port is currently in Gold and Silver. 15% in Junior miners. I’m riding the wave. 🙂
Chivo present and accounted for.
Then I responded by accident saying:
I’m a little more ape shit that that sir. I had been sitting on an egregious amount of soon to be worthless dollars upon joining PPT. Gutless to move into a market I do not understand. I have since deployed into better than 50% gold and silver across the portfolios. I hope everyday for a decline in the usual prospects so as to pick up more cost friendly shares. I just do not see how all this fuckery ends well. And I am happy to report my stash is pleasing.
Jake,
I fail. 9% in PM:
ANV, SLW, RGLD, EXK, AAU
smidge of SDS and WNR
26% in cash – ready to be deployed. I added to EXK & ANV yesterday early, but ‘wussed out’ of adding more as prices went up.
20% PIMCO Total Return (I’d rather be with than against)
rest in mutual funds
Options account I’m still holding SLW JUN 40 C
Plus side I recently picked up some silver Maples for $36 all inclusive
You are getting there, but you need to get rid of your “reg’lar” equities and do more to shore up your dollar exposure.
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Using weakness to start GDX and maybe GDXJ and SIL
more GDX
Following, Sir – and adding regularly. Appreciate your advice, as always.
About 80% (The other 20% is in specific names in oil and gas (my sector), and a bit of remaining Rare Earth and Uranium).
Jake, reporting for duty here. In over 100% as mentioned to you in PPT. Options in SLW as well. Up almost 30% as of yesterday’s close. Thank you so much, kind sir!
Officially shiny sir. Thank you for all Jake, have read from day one.
I’m 45% PM
Azk
EXK
Auy
Slw
Iag
All cad but they all have fairly Intl exposure anyway.. Thinking of perhaps adding a 5% in some international or us stock? What would you recommend as a good addition? Perhaps some pal?
About 35% PM – the vast majoirty of that in physical bullion. Sad to say, less than 5% in mining stocks. The one advantage is that I don’t feel at all compelled to sell due to the day-to-day volatility (because I’m not focused on a number on my computer screen). Downside is I don’t get rich as fast.
Best of luck to all.
Thanks Jake. New follower so apologies but appreciate your response. I am now an owner of EXK.
Jake. I’m with you on the Gold/Silver precious metals trade. Here is my question: I own all of these commodities/agricultural/precious metals related stocks and they increase in value based on global unrest and/or inflation. I make a ton of money on said stock trades and then I sell them eventually into worthless dollars? How can I get out of these stocks without converting to dollars? I know owning the physical metals is the best way but lets say I can’t. How do I get around this
You will have to convert back to dollars along the way, as there will be downcycles in these things, too.
Think of it as a “way station” for your wealth, until the dollar is properly repriced. It will be.
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Senator, do you suggest a certain ratio gold to silver stocks in our portfolio? Right now, I’m heavily vested in silver much less so in gold. What say you? By the way, because of your sage advice, I’m still up for the year despite the world fading fast.
I try to keep an eye on which is “winning” relative to the other. Right now silver is winning, so I would start to shift more into gold to begin to rebalance.
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Reporting for duty.. port over 75% now and holding.
good video jake found that one a few weeks back…i think i will take your warning and buy a metal play today…thinking small cap, copper.
Not precious enough, too industrial.
Gold, silver, platinum.
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Looks like about 11 or 12 more $ for baby $HUI to BTFO.
You still holding on to Jacksonian MON, even though it’s not exactly a precious?
Yes, but it’s hedged.
Mo/kids new highs. Just added a couple of names. See PPT.
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Are you talking MON Montero? That’s my rare earth holding.
Are you a low-grade retard or just really good at acting like one?
Though I have been in a feature length film and a couple music videos, I try to never go “full retard”. Look at the one month chart of Montero vs. Monsanto and get back to me.
Why is derision and scorn your go-to?
MON is the ticker, at least in the U.S., for Monsanto.
Montero is my old landlord in Brooklyn, and a shitty SVU that was prone to rollovers.
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and the Yankess number one prospect (number 5 in all of Baseball)
It’s too bad he’s not from Japan…
“Why?” youse asks?
Because then they could call him:
“Mitsubishi Montero!
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I was thinking about you when i read this this morning
http://tinyurl.com/4en8grw
oh, and, as always, you don’t fuck with the Jesus.
http://www.youtube.com/watch?v=Pi-6bLFp_6w&feature=related
http://www.rareearthmarketnews.com/index.php/companies/detail/montero-mining-exploration/
As yours is a blog where discussion touches more often on rare earth’s than on giant, aggressive, genetically modified food companies, I thought I would seek clarification as the Jacksonian reference threw didn’t ping with me. MON is the ticker for a rare earth company, at least in the metals and mining sector (Canada).
Let’s roll play:
You’re a female New York Times photographer stupid enough to be captured in a middle east war zone.
I’m a Libyan militia man repeatedly punching you in the face and threatening to cut your head off.
Drink less cawfee.
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Decaf Tiger Blood?
Montero’s is also a “unique” dive bar on Atlantic Ave in Brooklyn Heights/Cobble Hill.
Interesting, I wonder if it’s owned by my old President and 5th landlord.
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gpl trading volume for today is almost at 10 day vol…….. super enfuego
10 days of volume? Or 10x daily volume? I’ve got it at about 2x daily right now.
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LOL I am 95% PM. Buying the physical as soon as my clients pay me, and adding to HL and EXK. Also own some COP for the dividend. Kids money in Oppenheimer PM Fund. I am full retard metals baby.
Jake , any chance to know why paas is laggin behaving so much
With today’s move plus after-hours it’s up six percent. Buy the laggers.
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PAAS…I added some more yesterday @ $35.22, and look at it now. LOL… Thanks a million Jake…….
sorry to put a damper on all the sailabrating the demise of the almighty kind dollah … jake, you better get to work http://www.huffingtonpost.com/2011/03/23/poll-obama-in-good-shape-reelection_n_839593.html
It’s christy or 4 more years…
That’s it…
I like Daniels, but if Brucie thinks an advetorial on the Huffpo has got Obammy re-elected, then I’m happy to hold my cards close to my vest.
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Huff-Puff-AOL-MegaCorp. Arch nemesis of RoboCop.
I’m 100% long the silver sector. SLW, AGQ, AG, AZU, SVM, GPL, EXK, MGN (a tinsy piece). Also long SLW & SLV calls. All since late Jan and happy to be riding the wave.
Playah!
But you forgot PAAS, SSRI, CDE, HL and MVG?
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I also have the Jayhawks winning the Tourney, fwiw.
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How DARE you!
Go Spiders.
Whoops. Meant AXU,not AZU. Those are my horses for this here intermediate run. I like to keep a pretty simple core.
AG is the rock star the past few months. I had GPL, but decided to dump it.
Arizona looked very good last night. OSU is strong. Butler has no fear. Richmond is gonna be a tough match up. Anyone can win this thing!
$38.14 / ounce. Feels good.
Here’s a contributor to why: http://harveyorgan.blogspot.com/
JPMorgan opened a COMEX vault and can now settle with their shorts via their own vault. Maybe above board, very likely not.
All was well in the PMs and crude until roughly 1:00 EDT when, suddenly, a sharp spike lower appeared. I called Lind-Waldock. “Any rumors of margin increases?”, I asked. “Nope”, was the reply because, of course, they didn’t know. How could they? But…someone did! Down went the metals through the close and down even further on the Globex. Then, at long last and after giving their friends plenty of time to sell, the CME issues a press release raising margin requirements on silver. What a frickin joke. Martha frickin Stewart can do a year in the hole for selling a couple of hundred shares of some bullshit stock on supposed insider info but this crap on the Comex continues unabated. Absolutely fucking sickening.
http://tfmetalsreport.blogspot.com/
Indeud! But their bullshit games will not save them.
Like blood in the water, such machinations will only attract more sharks.
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Took a cue from your ITM GDXJ calls and stepped into some EXK May 5’s .. what you think? Me likey.