Silly Notions Self Corrected And Imminent Gains

I am glad the market reversed lower yesterday. I was preparing to unleash a ravenous rant on why buying equities because one aging terrorist got shot in the face was all around a bad policy. However, I didn’t need to take the time, since plenty of other’s were more than happy to hit all the key points themselves.

Yesterday was a decent up day for me. While my stocks themselves were mixed, CCJ was up something like 3-4%, and MGM also rallied hard. Of course, my silver holdings got (are getting) clipped. But sometimes shit happens.

As for silver, it is already significantly higher than where I scaled back at the end of last year. I had imagined something like what is happening now occurring back when silver was tipping around $30. I was utterly wrong, but since I retained a decent size legacy position, I was willing to go with it like I was right. No significant damage was done. Psychologically, I can’t fret over a massive downward move in silver, since it’s still over $40 an ounce. That’s still a good 30-50% higher than where I first scaled back, depending on what day it is you’re looking from.

Watch intensely friends, as my various strategies are starting to take off here. My water utility investment in AWK is steadily pulling higher; it’s nice and consistent. My REITs are breaking out; CLP and AEC will touch through $30 this year, each. Write that down. And BG is busy making a year’s worth of money in the first two quarters.

Unfortunately, my internet access at home is still being fickle. Hopefully, I’ll be returned nighttime privileges just as soon as various modem issues are resolved. For the meantime, though, I’ll be left to slipping in commentary at work.

If you were nearby me, you’d hear me sigh happily. It’s nice being back in an office setting. I was going to rip my eyes out, if I stayed at home much longer.

Now good day to you, friends. Happy stock hunting.