Have to Prepare the 5-year old…
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I’m apologizing in advance tonight because I am readying now for The Great Maine Vacance, and I haven’t the time to go into deep microanalysis of the political economy and the stock market tonight.
What’s more, I have no idea if our quaint little cottage will have internet or wi-fi coverage. The only thing thus far confirmed present in the area are large mosquitoes, the occassional lost possum and women with hairy legs who would prefer you call them “Frank.” (Not really, Maine’s not like Vermont… yet).
This could be my last missive for a while, so I will leave you with a doozy pick. I expect the PM pullback I’ve been talking about is here, and we’ll see some nice entry points in the next couple of days. Just scroll back a couple of days and check the charts for a number of optimal entries which may have seemed unachievable this week, but which may approach your wheelhouse soon.
My doozy pick is NUGT, the Double Gold Miner ETF. That’s right, if you feel you haven’t been getting enough “action” from jumping the Snake River Canyon with your Big Wheel, then this is the play for you. That’s right — extreme caution is warranted (like w. AGQ):
Thank you all, and I hope to speak to you again soon.
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Thx Jake, enjoy the family vacation!
I presume you’ve taken precautions against M. Fly’s tunnel crew.
The mines are sunk… deep.
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Enjoy
you should come up to nova scotia bye!
That’s pretty far up there…
Have a buddy whose Dad has a farm up there.
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What’s the English/French language ratio in NS?
I never met any franocophones there last summer.
Merci. Tros mal (too bad).
Off for: Buffalo, Albany, Lake Placid, Montpelier and Montreal +. Just no NYC, and it’s all good. CanNot stand that Human-Rat-Sewer. All due respect of course. For those who were born for “suchness,” golden granola bars from Cali.
None taken.
Enjoy your vacation, Jake. And don’t worry… if the mosquitoes don’t get you, the black flies probably will!
Oh yeah, those fuggers are a bastid. Painful!
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have a good one … i’m off to Brazil myself .. w/ laptop … hope to be mining NUGT’s fm my villa 😉
Have fun. What are your thoughts on the gold purchases of central banks?
They are scared schitless. But usually a good sign to get out. I’ll wait till the C-wave ends to see….
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Have fun Jake.
Be careful. Legionnaires disease is rampant up there.
Cereal?
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Lol. Pretty sure it’s in re to #1. Been there. Contracted that.
i never knew you had a blog…nice JG.
from another site on the fly…
And Bernanke is on the horn again, vaguely hinting towards QE3, similarly to how he vaguely hinted towards QE2, with Jackson Hole around the corner for both occurences…
i have my GTC short GDX at 61.5 order in. Anyone think it will fill?
˙puǝʞǝǝʍ pooƃ ɐ ǝʌɐɥ
Gint, How do you like AAU? +10% on her so far thanks to the PPT seasonality trade. Buy the dips or bank coin and run?
I like AAU and continue to own a shitte tonne.
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From somewhere on these here interwebs:
Peak credit hit in 2007. A forty year debt binge came to an end with ‘growth’ of the world’s economies fell behind the growth in debt. All kinds of accounting tricks have been used to hide this fact for decades but in 2007 the wheels came off and the massive multi-hundred trillion dollar debt tide began to ebb back into the black hole from where it came. Like a tsunami or a hurricane or earthquake; no human effort can stop this debt implosion from opening up a sinkhole the size of the G20′s economies beneath the stock, bond and currency markets around the world. I’ve been predicting this for many years now and my basic premise for gold and silver is that 3 to 5% of the 700 trillion derivatives hologram – upon unwinding – will end up owning gold and silver. That’s $21 to $35 trillion dollars of new money injected into the price discovery of gold and silver – with current market values of less than 5 trillion tops. So we’re talking about a 400 to 700% increases in prices for Gold and Silver (putting aside for a moment the gold/silver ratio and other internal pricing dynamics like ‘peak gold’ and ‘peak silver’ that could drive silver much, much higher).
I would like to see some backup on those numbers. I don’t even know where that $5 Trillion comes from.
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