______________________________
I’m on the road again, folks, so this is going to be a rant free review of a recent pick. It’s been a little bit over a week since I put this blog post out showing what levels I was looking for to mark a Monsanto (MON) to make a Monster breakout. If you recall, the original weekly chart looked like this:
Now look at what that weekly chart looks like only a few trading days later:
While there’s still plenty of room left for this to run on the weekly (note the circled stochastics), I think the ceiling is here very soon for the near term as you can note on the daily below:
Depending on how much of a pullback we get in the near term (if the dollar takes off, for example) we may drop back enough to fill that gap. Keep in mind, however that the more likely pullback will be the 61.8% fibonacci line on the weekly ($74.88).
Best to you all!
_________________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
Awesome call Mr Gint! As always thank you + wish you safe travels sir..
what, no partisan political, scapegoat obama/lefty/liberal/commie/socialist rant; just stocks?
hmm .. refreshing!
8)
“Scapegoat?”
Seriously?
So there are actually people out there who are buying his continuing to blame George Bush and other assorted bogeymen in the fourth year of his Presidency?
Do you also believe that a federal gov’t can insert itself massively into an employment market with no ill effect?
I have an excellent text to recommend to you if so…
_______________
If there’s one thing figured out here, it’s that “the left” can’t stand reasoning.
As pointed out by the currently irrational jeic.
Yes, Yes… the country would be thriving post financial disaster under the brilliant stewardship of Sarah Palin. I’m sure President Santorum will do a great job when he’s not bringing home dead babies for play and supervising exorcisms. Republicans are doomed until they can ditch the loonies. Now you know how Dems felt when we had to put up with Jesse Jackson.
Whatever you think of our various candidates, their political philosophy alone insures that they will not have as debilitating effect on our fragile economy as yours– who espouse statist interference (and you can witness what THAT has done)– would have.
Beside the fact that your argument is sophist on its face, as Sarah Palin would have the same role as the abject moron Joe Biden has today, were the 2008 results different, at least the McCain administration would not be impeding the natural healing of the economic cycle in the manner that the Obama-Pelosi-Reid governance has done over the last five years.
So in essence, the answer to your poorly researched if smugly “sarcastic” question is “Yes, we’d be leagues better off were Gramps and Doh
Sledder in charge.”
As for
Santorum, I’ll remind you (or perhaps inform you?) that he was elected Senator in a blue state twice. Your comparison of him to the radical extortionist Jackson would be risable were it worthy of serious analysis.
___
I am so effing sick of the inconsideration people have shown after the Santorums shared the death of their newborn with the media. How they deal with their grief should be respected and not belittled. It is absolutely shameful and disgusting. “Bringing home dead babies for play?” Good grief man you have no shame. The social fabric in this country has been ripped to shreds.
Those of the Left who comment here are their own worst enemy.
It seems they have no “lowest common denominator.”
________
Sad but treu.
Wow, Jake, you’ve got some major straw man slayers hounding you as of late. Whatever will you do in light of their vitriolic diatribes against things you’ve never written?
Yes, “supervising exorcisms.”. Excellent.
One wonders if the Lefties here even realize how closely they are mimicing the traditional Ku Klux Klan bigotted anti-Catholic slurs of the Kennedy era?
Ignorance, if not mitigated, is often tragically cyclical.
___
And you John Bircher ….
More ad homenum idiocy from the Pats fan.
As if on cue.
I continue to await your first substantive comment, Teahouse.
____________
Thanks for MON. I picked up a chunk on Dec 22, the day after your original post, and am enjoying the green. I like the thesis and will look to pick up more if we revisit the gap.
read this, an easy buy? “Brigus Gold (BRD), for example, is dirt-cheap,” Chris continues. “In 2012, it is still targeting 100,000 ounces of production from its Black Fox mine. In the meantime, during 2011, Brigus boosted the total resource at Black Fox by 50% with high-grade ore extensions. So, the stock is now very cheap on reserves and trades for about 4x prospective cash flow at 100,000 ounces… So even if it gets a peer multiple of 8x, the stock could double. And that’s if gold goes nowhere!
Play small until it starts to take off. Why risk the capital on long shots when there’s more solid money elsewhere?
Think of it as lottery money.
_________
new to the miner game, did pick up some BAA in the early 3’s…love the oversold chart play…the rest of the biggies are just stuck in a big range…waiting for direction..
looking for some forgotten plays that could be the next AUY or others that started small…
looks good with a stop under .90…problem is i’m a technical not a fundamental trader, so appreciate the insight! go giants…
I’m fundamental only to the degree that I look to see that management is not filled w. efftards or crooks, that most of their assets are in rule-of-law oriented countries, and that there are actual reserves in their properties.
Everything else is technical for me.
________
Probably most of you have read this, but I hadn’t. It makes you realise how important it is to keep arguing, to keep sharing your own perspective, to keep talking, and most importantly, to be okay with sounding like an alarmist.
For the those who disagree with you Jake, as much as for you and those who agree.
This chilled me to the bone and brought me to tears by the end of it, realizing the horror of what those who lived to remember really had to live with.
“They Thought They Were Free, The Germans 1993-45” by Milton Mayer
http://www.press.uchicago.edu/Misc/Chicago/511928.html
1933-45, not 1993
The part that really got me was the part where he says that it was not just the fear, it was the uncertainty. The uncertainty was a very important part of it.
This is how it is if you are ever faced with an unfaithful spouse. You are not so much afraid as uncertain. This uncertainty leads to paralysis.
And it makes me understand why it is important to follow the Constitution, and why it is so important when it is not followed.
Not following it leads to all these grey areas, and it is in the grey areas where there is this danger.
The whole slow boil thing.
And I don’t think it is all Obama, either. Just like in the excerpt from the Mayer book, it may not even be intentional on the part of any of them, but that could very well be where it ends up when the gap keeps widening. And the hate and fear grows. And the people turn against each other.
That is the greatest evil of a large, bureaucratically-oriented government. There are so many conflicting laws that it is not a question of breaking them, it’s a question of the State deciding when they are going to prosecute you.
That is not a free, rule-of-law environment, but one in which one must first offer obeisance to the State before one goes about one’s legal business.
____________
Agreed.
And thank God for the internet. Information is fast and furious now.
Cronkite posted something in the news section the other day about the power of the people (in reference to the Verizon bill pay fee). The State doesn’t stand a chance against the American people when they decide to unite.
The Gen Y’rs are going to be a great asset in this fight provided we can keep them interested and engaged.
“The Fourth Turning, an American Prophecy” is a pretty interesting read about the different generations and cycles of history, in this regard.
Casey’s Research just came out with this article tonight – “The Fear Factor”, and I thought I’d post it, too.
Hopefully everyone else has better things to do tonight, though. 🙂
http://www.caseyresearch.com/cdd/fear
Jake,’
I found something you might like to read:
http://www.dollarvigilante.com/blog/2012/1/6/whos-worse-the-nazis-or-the-us-government.html
Truthfully, I think comparisons to nazism are self-defeating.
There is a credible threat here — that of an ever encroaching, freedom-limiting bureacratic cage being thrown down on our people and our economy. A rule of State is a real threat here.
To make the jump to concentration camps, however, is not credible.
I think if we stick to the facts, we can wake up the frogs in the slow boiler.
_________
Ugh! I didn’t think my Falcons would beat your Giants (defense simply too tough), but I didn’t think it would be a Giants biker-stomping either. Wow.
Yeah, that was pretty much their best game of the year, back to front, at almost every position.
Rough to be the team that runs into that. Let’s hope they can hold it together against the Pack next week.
Pack has a little more trouble at home.
The difference will be whether we get “Good Eli” or “INT Eli” next week.
______
Tebow!
lol haters.
LOL. Tebow throws for 3:16 yards.
Coincidence??
_______
That’s quite a coincidence.
You know, I doubt God cares a thing about football, I just think that it’s more about Tebow caring about God. He could be an accountant, putting God in the right place in his life, and doing equally as well.
I do find it rather amusing watching the secularists twist themselves in knots trying to dismiss Tebow’s success.
“It wasn’t the pass, it was the run after the pass.”
“The receiver is an atheist you know.”
Hey Jake. You should do a post detailing buying physical silver. I’ve been asked a few times (last post was the latest) by people what the best source is to make purchases, but I have no idea, frankly.
FWIW I buy bullion silver bars from Gainesville Coins. Spot prices are always reasonable. Shipping about par.
Independent Living Bullion has an interesting monthly silver (and gold) accumulation program. Prices about what you’d expect.
Merit is pretty good. I bought all my physical from a local guy.
100 oz. bars are the best bang for your buck while still being convenient.
400 oz’ers are heavy as shit.
_____
I’ve used Provident Metals several times. Great service and prices.
Remarkably entertaining! Still styles huge reasoning? Favor individual and even recommend your working experience alongside you.