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No Gloating

Great hand

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Sometimes we are dealt a great hand. It’s important to endeavour to make good use of it “whilst the sun shines,” etc., etc., but it’s also a great excuse to reflect on personal responsibility and even gratitude.

There’s very few of us who visit these here internets who are not hard working and deserving of well-earned success.   There’s nothing wrong with assaying how far you’ve come as a result of personal sacrifice, ingenuity, and sweat equity– and, correspondingly–nothing wrong with giving yourself an attaboy (girl) for sticking it out and getting it done.

As long as we realize that’s not the primary goal.  

We’re here a short time, and there’s plenty to do.   Staring into the sun or the mirror are equally useless activities, albeit harmless if performed in small doses.  

Better for you in the long term, however, may be this prescription — if you’ve climbed the mountain, you might think about what you can do set the next schlub up to do the same.  

After all, just from a strictly aerobic standpoint alone, there are plenty of mountains and plenty of schlubs out there to keep you busy.

Beats golf, anyway.

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I did finally end up getting some TNA today, albeit late.  I was running around in meetings this morning and missed the open, so I waited til almost 3 pm and got in at $36.18 and $36.28 — a full dollar higher than the open, which is where The PPT told me to get in.  

Lesson learned — never second guess The PPT.

I also increased my position in ENTR by a bit at the dreadful number of $6.66.   I will try not to read into that one too much.

You know what happened with silver and gold.   ANV in particular was really looking good.  Let’s not gloat.

Best to you all.

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Comments »

Tam Is On Our Side

For Heaven's Sake! 

Yes it is….

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I haven’t a whole lot to add, save that I expect a ripping bounce (at least) if not a further resumption of the dollar bow-out.   We actually came within four cents of hitting $82.50 after hours on the DXY (dollar index) and I wouldn’t be surprised if she tried for the 50-day at $83.06 after such a ramp.

That said, The PPT is very deeply oversold and that’s worked as a signal for me for the duration, so I will respect it.   The dollar has already busted into overbought territory on the 5-day RSI stochastic, and even the slow stoch is  catching up after being severely oversold just yesterday.  Expect volatility, but continue to expect dollar death.  It’s already back down to $82.25 this evening.

For tomorrow, in time-honored The PPT tradition, I will be soaking in a mixture of Epsom salts and TNA at the open.   As an after-bath aperitif, I will be enjoying a balsamic vinaigrette and gin reduction of ENTR, which wants higher, despite today’s crazy ride.

Gold is holding steady and so is silver.  Add to long term plays as you see fit.  RBY was even up today, God bless her.

Best to you all.

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