[youtube:http://www.youtube.com/watch?v=0fSEjlLQcRY 450 300]
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The dollar’s off 70 cents as I type this, down below $82 again to a low we haven’t seen since mine and the Fly’s birthday on the 25th of last month. That “chuffing” sound you hear is Ben Bernanke’s magical reverse vacuum blowing hundred dollar bills at Spain by way of behind the scenes European central bank bailout transfers. $125 billion you say? It’s a mere bag of shells when one can print up one’s own constantly deflating sovereign currency in a zirp atmosphere. Isn’t this fun? Why didn’t Japan think of this??
Anyone else getting the hard stuff while it’s cheap? Take a look at my two “T’s” — TKC and recently murdered TC for a flyer. Of course I still love BAA, but ANV is looking very tasty and has RGLD ever really disappointed you? On the silver side, it’s broken record time again… AG, EXK and SLW remain the nobles. PAAS for a flyer. For those with less time, GDXJ and SIL are the ETF plays for now.
I had one of the worst Friday’s in my career this past week, dealing with a very large dollar client issue that one would have to hear to believe. One thing I can say about my industry, there’s hardly ever a dull moment. You guys think trading stocks is a bitch? Try something more illiquid next time…
Best to you all.
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