No, Not That

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We’ve been talking about gold knocking da boots all through the summer and largely ignoring the August of Despair the lot of you have been whinging about for the better part of six weeks.   And, it is treu (sic) that Jake favourite (sic) ANV has been rocking the world since that bounce off the 200 day EMA ($16.00), closing today up well over 50%  from there at $24.48.    Sure, IAG and EGO have been ripping nicely along as well since that call.

But let me take a second to talk about the next best thing that you may be able to get some anticipatory positioning for…  And no, I don’t mean Christina… she’s already big.

I’m talking about gold’s stealthy, if annoying cousin, silver… which has been making silent steps in the last few weeks to join it’s more yellowy cousin.   Take a look at this recent medium term breakout in the metal price —

It’s a little overbought on the daily chart, but there’s more room to launch on the weekly, as you can see.   Now let’s look at a junior silver I like — EXK — which has been moving nicely recently as well.  Note, it has a similar “intermediate” target:

What’s nice about both of these is that we’ve got a nice “short term play” for you OTB degenerate gamblers, and also a very clear — and approaching — big time breakout opportunity.

It’s gonna be a great Fall for gold and silver ladies and germs… let’s watch the goalposts here to trade appropriately.

Christina had a great day today, as earlier tallied.   She still loves SLW the best of all the silvers, but PAAS and even SSRI looked good today along with friend EXK.  

Our new theme epigraph — Get gilded, or be gelded.

Best to you all.

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