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Yep.
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Today looked like the the long awaited respite we”ve been waiting for in the miners. A faithful poster pointed out AEM yesterday as a possible buy. I like it here in “accumulation size” especially with that fat 2.5% dividend (that’s phat for the miners).
I also hoped you joined me in indulging in your favorite quality stock purchase these past two days. I chose SLW, but RGLD still looks great, as does EXK and AG.
Best to you all.
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I’m with you. I added SLW this morning.
Thanks Sir. ! You still think AG will hit new high?
Yep.
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Long and strong !
This is the beginning of the big run we have been waiting for IMO.
Hyperinflation starts in earnest this autumn. The market trades based on what will happen six months from now.
Miners will outperform gold this time around.
What is your thesis behind the hyperinflation argument?
http://freedomkeys.com/thanksgiving2.htm
This one is even better.
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stalking QRM, no purchase yet, any reason to stay away? or time to load up? thanks!
For anyone that is interested in regional banks, check out CFNL. It has finally broken through (and stayed above) the very very long term $12 resistance.
Senator
Are you excited about the draft tonight. GO BLUE!
Hard to get excited about the 32nd pick, save for the remembrance of the reason we have it.
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I’m looking down at all the festivities right now. Bunch of drunk Jets fans stumbling around in the rain.
Are you ovah by Radio City now? 6th Ave?
The Jets fans are known for puking on their shoes.
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Fair enough senator. I think you under estimate Reese though. The guy the picked is a super athletic freak JPP style.
What a load of shit! If I wanted America to fail I’d elect “conservatives” and make everyone eat up their propaganda BS. You are obviously delusional Jake. But I do like your silver picks.
Well argued response. I don’t know how anyone could refute your incisive logic.
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Certainly not meant as a “well argued response”, Jake. Simply my observation. Now get back to selling those seeds and tractor parts.
Ah, nothing like combining garden variety low-brow knee-jerk leftist moronism with a patronizing attitude. You must be so popular at parties!
I’d warrant there is many a grain elevator operator out there with more wisdom than the both of us.
Well… you, at least.
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AEM, mah bitchez!
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PAL tracks with Palladium prices which tracks with gold prices. PAL miness 160,000 ounces of Palladium a year at a cost of $400 per ounce. For each dollar the price of palladium rises then thats $160,000 dollars in profit for PAL. At this point I can picture PAL moving up in multiples over the course of the next month. While AMZN will not move up 300-400%, PAL just might…
Listen PAL, your PAL has made many a promise to rise in price, only to dash everyone’s hopes against the rocks like so many seagull eggs.
PAL is no pal o’ mine.
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This time is different. The number to keep in the back of your head is $400 to produce 1 ounce of Palladium and 160,000 ounces a year.
The Palladium chart looks a lot like the Gold chart because they trade the same. For every dollar rise in Palladium, thats 160,000 dollars in profit extra for PAL.
Why has PAL disappointed you in the past? Their Palladium mine was shuttered in 2009 and they only recently got everything up&running. Mines work on loans and the financial crisis took away the financing to the mines. Thats over now and so the mines can be operational again which includes the Gold mines.
There are two reasons why all of the miners have lagged these last couple of years. #1) It wasnt the “in” sector to be in. #2) Shuttered mines. The price of gold could be $10,000 an ounce, but if the mine is closed then you wont make any profit. I believe both these have changed.
I can picture PAL at double the price in the coming months or maybe even more.
Gold hasnt broken out yet, but it is May and the end of the month. It looks like AMZN and AAPL are going through that blow off top. After their performance has ended and we are in a little storm again then where does the money flow to? I was thinking oil stocks, but then there are the gold miners. An unloved sector where they are just starting to get their shit together and money is looking for that “new home”. I think it starts today.
“I am pleased to hear the Obama Administration is finally backing away from its absurd 85-page proposal to block youth from participating in family farm activities and ultimately undermine the very fabric of rural America, but I will continue working to ensure this overreaching proposal is completely and permanently put to rest,” said Sen. John Thune, Republican from South Dakota. “The Obama DOL’s youth farm labor rule is a perfect example of what happens when government gets too big.”
Read more: Amid Nationwide Outcry, Labor Dept Withdraws Farm Child Labor Rule.
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Why do we even HAVE a department of labor?
WTF statist thought THAT one up?
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I can’t believe my eyes Jake.
By the day, I consider it a badge of honor when I’m called a “racist”, “bigot”, etc..
Maybe it’s a NY thing, but I really don’t give a hoot and shit how offended people are by my comments here (and elsewhere).
I mean, rampant illegal immigration; in Cali, there aren’t “white” couples anymore.
I expect someone to call me racist for this. But, guess what, here’s a blade of precious in those fuckers eyes. Being stabbed multiple times, looking for the nerves endings to their pigeon brains – I am.
Meanwhile, this “changing” political environment has recently attacked so many: farmers!
It’s ridiculous. America is being raped and tattooed with the word “scum” across the living skull.
Too many cowards to speak and lead the truth.
I wonder sometimes. Sometimes.
Rant ova for th’ time bein’.
It’s impressive that you are able to achieve your goal of being offensive without resorting to (the normally required) coherent grammar and sentence structure.
HOBOma’s COMMI party is burning books, why are you attempting to talk to me?
Get to your book burning party you peice of… Nice.
Bob the Builder Asked (on the last thread):
How do you think about portfolio allocation? Have you written about this in the past? For instance, if you had 8% of your portfolio in SLW, would you consider this a high allocation and be not willing to add on dips?
Jake answers:
Anything more than 5% is a lot, and I would consider rebalancing if your allocation grew beyond that point.
Maybe not with SLW, though! 🙂
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IPSU FACTO TAKEN PRIVATETO
Should never have been public … like most companies.