Saturday, April 13, 2013
04/13/13 maromatics, leisa, and jasper
Anybody here seen my old friend maromatics
Can you tell me where he's gone
He helped a lot of people but it seems the good ones don't stay long
You know I just looked around and he's gone
Anybody here seen my old friend leisa
Can you tell me where she's gone
She helped a lot of people but it seems the good ones don't last long
You know I just looked around and she's gone
Anybody here seen my old friend jasper
Can you tell me where he's gone
He helped a lot of traders but it seems the good ones don't stay long
You know I just looked around and he's gone
Didn't you love the things that they stood for
Didn't they try to ease the way for you and me
And we'll be free
Some day soon, it's gonna be one day
Anybody here seen my old friend shark
Can you tell me where he's gone
I thought I saw him walking up over the hill
With maromatics, leisa, and jasper
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Leisa...
ReplyDeletehttp://theperplexedinvestor.blogspot.com/
Permanent Hiatus
The Perplexed Investor is busy with real life stuff. With that said, I'm on permanent hiatus from observing/writing about the market. Given that I have much hard work and some fairly good observations in this space, I'm not yanking the blog just yet.
Thanks to those who have been patient and gracious readers over these last 6 years.
Who was the Natty guy back in the day. Freedom57 something like that.
DeleteWow, that's really good bro.
ReplyDelete2nd .. It was really on-target man
ReplyDeleteBut 'The Tip of the Spear Stays RED-HOT'
Wow, thank God Bill has always said "Don't fight the fed". Good thing all that TOG stuff was just academic and people didn't really follow it.
ReplyDeleteApril 3, 2013 by Bill Cara
ReplyDeleteCTA Trading Desk Morning Report
[11:30am ET] Good morning, Bill here.
All, I want you to know that I have not changed my view on equities, commodities and precious metals. There was simply a situation that popped up in the non-important Cyprus that was used by the market’s movers and shakers to get people loaded up in US Dollars and Bonds before the take-down of those assets and the simultaneous pumping of precious metals, most commodities and non-defensive equities, like those traded on the Toronto Exchange.
My belief is based on three items:
1. The Toronto Composite is now sitting on hard support at 12600. The index based at 12200-12400 then lifted through 12600 and has fallen back to that level, which is now called support. I think that is the level from which the next Bull run starts.
2. The US Dollar has peaked in the past couple days and will now start trending lower. I anticipate 79 to be reached in April.
3. Gold has hard support at 1565 – going back to 3Q2011. The base is finished. I earlier assessed this market as being ready for take-off sometime this week to next week. That will happen. I believe the March 21 highs of ~1615 will be surpassed within days, and then we’ll soon be looking at resistance at 1800, which was the approximate high in 2Q2012.
It’s important to me that you see I have not changed my views. I base them on what I see in the market. I look at the data without emotion.
The following content is what I published in the WIR last weekend. As you can see, I have not changed my view. “This is my story and I’m sticking to it.” Those who hang in and buy more gold and silver miners at this point will thank me later, if you wish. It matters not to me.
"earlier assessed this market as being ready for take-off sometime this week to next week."
DeleteI'm pretty sure that's a copy-paste going back to Sept, 2011. This copy-paste phenomenon makes reading the WIR tedious, trying to filter out the copy-paste stuff. Most of it though, are calls that went right, hard to accomplish such a feat with PM's when clearly the bottom wasn't/isn't in.
I recall the first couple of years he refused to acknowledge the beginning of the bull, as well.
I too try to base my views on what I see in the market, and look at data without emotion (actually, I do my best to engage in emotion by putting myself in others' shoes). That's why I constantly change my views and stick with a story only as long as it 'works.'
ReplyDeleteWow. That song is a heart breaker. Never heard it before. And I have honestly never seen the actual live footage of JFK getting shot in that detail before. Disturbing.
ReplyDelete"the simultaneous pumping of precious metals, most commodities and non-defensive equities"
ReplyDeleteAs usual, I don't understand BC's selective logic. Did I just read he says PM's were being pumped?
So what's the status of the EPA's crackdown on methane emissions?
ReplyDelete"If confirmed, McCarthy would lead an agency facing a number of important regulatory decisions. They include regulating carbon dioxide from existing power plants, cracking down on methane leaks from the search for and transport of natural gas and enacting tighter national smog standards.
http://www.washingtonpost.com/national/health-science/gina-mccarthy-nominee-to-head-epa-pledges-common-sense-approach-to-climate-change/2013/04/11/798812ae-a2de-11e2-9c03-6952ff305f35_story.html
"The irony of coal"
ReplyDeleteI recall one of the Air Products big wheels taking me for a drive past a coal fired power plant once, pointing at the stack and saying it was a good place to collect CO2. These guys used to swing by periodically, take us to lunch, and ask us about projects we were working on. During this time, we were working on integrating a ClF3, (chlorine trifluoride) process chamber conditioning feature which garnered their attention.
Anyway, yeah, coal is dirty stuff. Coal fired plants "can never meet" the radioactive emissions requirements of nuclear reactors.
Wouldn't it be ironic though, if in the future we discover many of our natural resource minerals can be extracted from decomposing coal?
"Coal contains: URANIUM and all of the decay products of uranium, ARSENIC, LEAD, MERCURY, Antimony, Cobalt, Nickel, Copper, Selenium, Barium, Fluorine, Silver, Beryllium, Iron, Sulfur, Boron, Titanium, Cadmium, Magnesium, THORIUM, Calcium, Manganese, Vanadium, Chlorine, Aluminum, Chromium, Molybdenum and Zinc. There is so much of these elements in coal that cinders and coal smoke are actually valuable ores. We should be able to get ALL THE URANIUM AND THORIUM WE NEED TO FUEL NUCLEAR POWER PLANTS FOR CENTURIES BY USING COAL CINDERS AND SMOKE AS ORE. Unburned Coal and crude oil also contain BENZENE."
http://www.ornl.gov/info/ornlreview/rev26-34/text/colmain.html
JOY - Is that a hammer?
ReplyDeleteThe Sept. gap up was closed Friday.
DeleteAllegations of fraud in newly acquired Chinese unit are denied:
Delete"Anonymous Analytics said in its report that while it doesn’t hold direct or indirect interests or positions in Joy Global, it can be assumed that contributors to the report and its clients have short positions in the stock or debt of the company."
http://www.bloomberg.com/news/2013-04-12/joy-global-s-reviews-of-imm-indicate-results-accurate-cfo-says.html?cmpid=yhoo
Macau front page news:
ReplyDeletehttp://www.scmp.com/business/companies/article/1214525/adelsons-comment-triads-hits-nerve-macau
MUX - I can see this one going to $1.60, although buying weakness in gold Friday might have been a good move.
ReplyDeleteGold = I think gold can move back to test $1525 resistance.
ReplyDeletehttp://www.kitco.com/charts/livesilver.html
ReplyDeletewtf, man.
ReplyDeleteSpot silver briefly touches 24.95, spot gold 1455.
Delete24.75.
Delete24.73, 1442.
Delete24.57, 1433.
Delete24.37, 1427...
DeleteI don't know about you guys, but I'd probably venture to buy a little here for a bounce. Unfortunately, the markets are closed.
DeleteMarket Open High Low Last Change Pct Time More
DeleteNYMEX:HG COPPER May 3.3430 3.3540 3.3225 3.3245 -0.0255 -0.77% 22:04 all months
NYMEX:GC GOLD Jun 1481.0 1495.0 1430.8 1434.4 -67.0 -4.54% 22:04 all months
NYLF:YG GOLD (MINI) Jun 1485.3 1495.1 1430.0 1434.2 -67.0 -4.52% 22:04 all months
NYMEX:PA PALLADIUM Jun 705.40 709.85 695.75 696.00 -13.10 -1.85% 22:04 all months
NYMEX:PL PLATINUM Jul 1480.8 1488.0 1457.0 1457.5 -38.4 -2.59% 22:04 all months
NYMEX:SI SILVER May 25.940 26.045 24.235 24.340 -1.991 -7.73% 22:04 all months
NYLF:YI SIZED SILVER (MINI) May 25.856 26.035 24.222 24.340 -1.967 -7.59% 22:04 all months
NYMEX:HG COPPER May 3.3430 3.3540 3.3065 3.3085 -0.0415 -1.25% 22:07 all months
DeleteNYMEX:GC GOLD Jun 1481.0 1495.0 1425.0 1430.4 -71.0 -4.81% 22:07 all months
NYLF:YG GOLD (MINI) Jun 1485.3 1495.1 1425.5 1430.5 -70.7 -4.77% 22:07 all months
NYMEX:QO MINY GOLD Jun 1483.50 1495.00 1422.25 1430.75 -70.75 -4.79% 22:06 all months
NYMEX:PA PALLADIUM Jun 705.40 709.85 691.00 691.20 -17.90 -2.52% 22:07 all months
NYMEX:PL PLATINUM Jul 1480.8 1488.0 1450.7 1451.3 -44.6 -3.01% 22:07 all months
NYMEX:SI SILVER May 25.940 26.045 24.080 24.235 -2.096 -8.14% 22:07 all months
NYLF:YI SIZED SILVER (MINI) May 25.856 26.035 24.087 24.225 -2.082 -8.04% 22:07 all months
On the monthly charts gold is more oversold than it was at the 2008 bottom. Silver still has a little more to go. On the daily charts both are putting in positive divergences. Momentum readings are quite low on the weekly charts but I've seen lower. I wouldn't be stepping in other than a very short term trade as I think you're liable to get your face ripped off.
ReplyDeleteI was actually looking at the /CL chart and there's a pretty clearly defined break going on right now of the wedge pattern...and it's bearish. I still think this is ultimately a good thing as it means lower input costs for companies and I think transportation companies, particularly trucking and airline companies, will benefit very well.
If anything, if you're looking to trade futures or anything in the commodities/energy sectors it sure looks like oil is a short. I've been kind saying that for a while though, really since last summer mainly because it lagged the overall market and was putting in a series of lower highs.
DeleteOil does look like a short, commercials are and have been net short for a long time now. They're net long copper more than they have been in quite some time, could be some form of hedge, they're net long Yen as well.
DeleteHonestly, I don't believe oil could be a short but I'll definitely be a buyer if I can identify a bottom. That is, until something else comes along to replace it.
"It’s clear, I think, that independent investors, as well as a few governments like Cyprus, are under attack today. But I have made it plain this week in the blog that those are my views so I won’t re-state the case in this WIR. At least I’ll try very hard to bite my tongue and repress my true feelings.
ReplyDeleteWhat I will point out are the very dubious anomalies of what has been happening lately. It’s all enough to make me want to lie on a beach in the Caribbean for a while, which I intend to do starting at the end of this week.
My first point is that this week the Dow 30 were led by two stocks I have told you repeatedly over the years are in the Club – theirs, not ours. You know I have pointed out Pfizer (PFE) and Home Dept (HD). Now both of these are Cara 100 companies, so I have no intention of bad-mouthing either. They are both fine companies. My only statement, which I make repeatedly, is that every time the Dow 30 is getting juiced, look to the same stocks taking leadership. PFE and HD are always there. This week PFE was up +5.40% W/W and HD was up +5.08%. Why? There is no fundamental reason, so don’t look for one. Look for the man behind the curtain, the one who got Bernanke the job that Obama approved and who tells him when and how high to jump."
Wow, I just went over to the sister site for the first time in a while to read what Bill wrote. Definitely sounds like someone in denial. Since when are PFE and HD part of some cartel? I recall PFE lagging for several years. Now all of a sudden that pharma / biotech companies are leading the markets it's some conspiracy theory. C'mon man.
Pretty crazy hun? Man, another 60 off the POG.
DeleteFinished skimming through it. Wow. Lot's of typical gold bug stuff.
DeleteWell, you can trade gold from the kitco site if you want. They have to receive your payment before you can sell it back to them, though.
ReplyDeleteI won't touch it over $1000, maybe not even then. $750 tomorrow morning would be hard to resist.
Looks like AUMN will be dropped from the Rus 2000.
ReplyDeleteDamn Communists!
Deletewhere do you see that?
DeleteCredit Suise report.
DeleteWow, gooiiiiinnnnnggggg dddddoooowwwwnnnnnnn....
ReplyDeleteTime for bed so I can rise early and see what the Easter bunny brings.
I wonder if any of this spills over to the S&P
DeleteProbably not, but I bet it's just great for GMO!
DeleteGMO eats bad news for lunch!
Deletehowardlindzon
ReplyDeleteApr. 14 at 8:34 PM
Nothing better to get the crazies out of their basements than a big up or down move in Gold. LONG $BASEMENTS, not $GLD
Part of me thinks it scares the market initially and then people realize that money is coming out of the fear trade, which is a good thing. Ultimately, the market goes higher.
DeleteCP, thanks for the coal info. Good stuff.
ReplyDeleteWe were chatting about the methane associated with natty drilling last week. It makes me wonder if the true cost to drill for natty is maybe higher but the time you add in whatever you need to to capture the methane. So what would you do, buy UNG here and after UNG rallies and the producer profits are adjusted for the extra expense you switch out UNG for your favorite natty producers?
Coal prices will probably go lower but I'm betting that some point in the next 10 years technology will make it the wonderfuel again. Or maybe wonder product.
Yeah, turns out (some claim) the energy released from burning coal is less than the energy that's available from using the radioactive components.
DeleteFrom Hussman's Weekly Market Comment:
ReplyDelete"Accordingly, in Strategic Total Return Fund, we gradually increased our exposure to precious metals shares to 20% of assets on price weakness late last week. With the duration of the Fund’s bond holdings at about 3 years (meaning that a 100 basis point change in interest rates would be expected to impact Fund value by about 3% on the basis of bond price fluctuations), we expect that at least in the near-term, fluctuations in gold shares will account for much of the day-to-day fluctuation in the Fund."
Man, Hussman keeps finding new ways to screw his shareholders... At least I am going down alone...
http://www.zealllc.com/2013/gldhldpl.htm
ReplyDeleteInteresting discussion of the plunge in GLD holdings -- it had to sell 12 times more gold in the last 4 months than the total gold holding of Cyprus central bank!
http://www.tdu.org/news/ibt-backs-plan-allow-some-pension-cuts
ReplyDeleteInteresting. I mentioned this before but if you go back to the BB&T presentation that YRC Freight's division CEO, Jeff Rogers, made back in February, he talked briefly about pension reform coming down the pike. He said while they don't know the outcome he felt fairly certain that it would be positive and at least no difference. According to this article it sounds like it could be quite positive for YRCW.
"Soft China data"
ReplyDeleteBLL - Buy
KSU - Buy
Both these were changed from buy to neutral, my mistake.
Deletehttp://www.ritholtz.com/blog/2013/04/what-are-golds-fundamentals/
ReplyDeleteSo it's come to this...
ReplyDelete$HEK speaking @Credit Suisse Waste & Industrial Services Conference May 14-15, 2013 Boston, Massachusetts
I can't recall those conferences ever helping a stock, am I wrong?
DeleteOh, it can. Ask FSLR. I doubt this will though. They're in a really tough spot.
DeleteWhat's so tough about it, too much debt?
DeletePKX - This one's green and that wasn't supposed to happen today. Tell me why that is??
ReplyDeletemREIT's - I say buy the dip(if there is one) on the assumption the FED's gonna scale back purchases.
$1400, How many producers will continue operating at a loss and for how long? Thank God for temp workers?
ReplyDeleteMexican home builders tumbling.
ReplyDeleteYRCW - Told you it'd hit $8....
ReplyDeleteKWK - When's the big move? ;)
ReplyDeletePMT - I had a feeling this one was about to take a dip, those spikes to $26 felt just like fake knockers.
ReplyDeleteLPI - This puppy got whacked too, somethin' goin' on?
ReplyDeleteBIDU - There's a gap up obligation from ~$85.5 that might fill, so you guys won't feel left out you'll have your chance to load the boat for the ocean voyage (destination unknown, Puerto Rico?).
ReplyDeleteOr maybe Tierra Del Fuego? I'd settle for San Diego, or Las Vegas, even.
DeleteI couldn't resist.....
ReplyDeletehttp://www.thereformedbroker.com/2013/04/13/god-is-making-gold-crash-to-test-your-faith/
All right gold bugs, I'll be back...
ReplyDelete$WTIC - Looks like a buy here, doesn't it?
ReplyDeleteThermo Fisher Scientific: TMO to acquire Life Tech. (LIFE) at $76/share
ReplyDeleteCommodity Weekly - China: Cement price shows strong upward momentum; coal price fell
ReplyDeleteQuestcor Pharmaceuticals Inc.: Script data suggests Q1 beat
ABX - Only off 11%, strong day considering gold is $1370.
ReplyDeleteGPL - This can be had under a buck, who's having who?
ReplyDeleteRBY - Way under $2, holy crappolia!
ReplyDeleteCara fav, NGD down 18% today. Some of these gold stocks are getting back to 2009 prices which were good buys and did well. Not sure these prices are buys again this time.
probably good for a trade only right around the 2009 lows. wow man down $126. or maybe it should be, "wow man it was $1,600 last decade"?
Deletelots of stuff getting taken out to the woodshed today.
ReplyDeleteEspecially considering that the large caps are hanging in pretty well.
DeleteHonestly, I think this just increases the level of skepticism / hesitancy about the market. Let's get a little more downside and break through old highs to get people really scared.
DeleteSeems like buyers ran out of money. Or maybe they're out buying summer bathing suits?
DeleteLet's get a sharp 5% to 7% pullback and get people really scared.
DeleteOil vs NG - Could it be as of 2013, oil is a byproduct of NG production?
ReplyDelete@JeffMacke: "The first stage of grief is denial. The second is sending me a Tweet bragging about your $20 cost basis $AAPL $GLD"
ReplyDelete$Copper - Is this one forming a hammer?
ReplyDeleteQuick +450 trading the miners. No interest in any longer-term positions.
ReplyDeletethe miners are clearly having their black monday event. no doubt about it. Look at the 1987 crash for a sense of how to identify a bottom. typically crashes work the same way:
Deletehuge parabolic drop
low is put in
very sharp rally over a couple of days/weeks
retest of the low
if the low holds it's a buy. but you have to be fast and watch it like a hawk.
1568 - Seems like a good place for a moonshot landing.
ReplyDeletePMT - Long at $24.22, had to buy something during today's fire sale.
ReplyDeleteex-div is second half of next month and today it puked half a year's worth of lunch so I figure it's worth a shot.
DeleteRaised some more cash today. Sold CDI (temporary help) and more of that ITPOF. Still have a good-sized position in ITPOF, but it had gotten large and the upside is shrinking.
ReplyDeleteNot really sure if we get a pullback here or continue higher, but I think the odds of a pullback are increasing and I want to be ready if we do.
I think that's a wise move. The problem is there is a lot of money in commodities and energy stuff and those big boys that are getting margins calls need to raise money by selling other stocks. I think this selloff has the potential to last a few days but i like to look at the positives: i.e., lower costs for companies across the board = higher profits.
DeleteSimple rule will save me here, no new trades unless its at or above 50 dma.
ReplyDeleteNow what to do with half my holdings which are under. Basically willing to hold since postion sized so as not to get killed (sill no fun).
But no new trades on weak stocks, notice YRCW is above la fifty.
Bidding a little YRCW at $7.41 probably for a day trade. If the market comes to its senses and see the positives in cheaper oil etc then they could rebound into the close.
DeleteGun to head I think this is a helluva buying opportunity for YRCW. Seriously.
Delete"I think this is a helluva buying opportunity for YRCW."
DeleteI'm agree.
Part of the reason I think this is technically and of course fundamentally. Remember there are two potential positive or negative catalysts coming up:
Delete(1) outcome of the ABFS hearing - I posted a link to the court hearing last week
(2) union is voting on network improvements that the company proposed to them.
Technically, I see weekly moving averages holding, rising 50 dma / 200 dma. nice heavy volume on up days and lower vol on down days (therefore, strong OBV).
Obviously if we get a 5% correction in one day then nothing is immune.
DeleteHa. Stephen Stewart goes long BYD at $9. Where were these guys at $6.50 when Goldman helped deliver a mini-knockout blow with their sell rec?
ReplyDeletehttp://stockcharts.com/public/1130973/tenpp
however, longer term i think this is a good choice. just might have to sit thru some volatility.
Figures. I guess GS is cleaning up on their HXM short call too.
DeleteSure is tempting to try something in these miners. Look at largecap ABX down by 1/3 in 2 weeks, forward P/E under 5, stock back at 1994 levels.
ReplyDeleteJust watching for now, but thinking hard about it.
remember Citigroup and BAC in early October 2008? They looked cheap. Not saying its the same but you never know. Study charts of the bounces in 2008/9 as your guide for when to dip your toe in the water.
DeleteThis feels totally like the 2008 crash. The difference is that the crash has been unfolding for so long, that I have already received a major margin call and my margin was forcefully closed for me (ETrade sold about 1/3 of my AUMN at $2.93). So now I am observing this crash very calmly, not having anything that I MUST do about it. Actually, there is not much I CAN do about it, since I have already ran out of cash to make any purchases (I have recently used up the cash I got from IRS as a part of my tax refund). Selling now definitely doesn't make sense.
ReplyDeleteActually, I just sold my BALT position (700 shares) at a small loss, and used these funds to place a buy limit for 8 contracts of GDXJ January 2015 $12 calls at $2.80.
Nobody wanted to sell me those calls at $2.80, so I raised the price to $2.90 and got the order filled at $2.87.
DeleteI just think that over this time frame the fundamentals have to prevail, and if we indeed are getting a recovery in the economy, then money should start exchanging hands faster and inflation should really pick up.
DeleteI'm speechless, myself. PM market somehow seems rigged as if the past several years were a bull trap.
Delete"End of the world for miners again
ReplyDeleteSubmitted by cheapy (562 comments) on Mon, 04/15/2013 - 10:28 #119344
It looks like 2008 again where they just have no value whatsoever
Would someone please explain how the top for miners was identified, and when, back in 2011???
Next time there is a top I want to be sure to sell everything and never look again.
I know better than to sell now. I've made that mistake before, and I always catch the bottom print. Sorry for being so negative all the time, but that's what life is like anymore.
"
Oh man...not a good sign when I read something like that.
I think the 2 signals were:
Delete1. 35% of American surveyed said gold was the best investment (highest)
2. Money in GLD exceeded that in SPY
Pretty strong sign that everyone who wanted in was in.
I did my own survey(just as gold peaked) and people looked at me like I was nuts. Naturally, that threw me off.
DeleteThis is purely a technical/psychological trade. 1500 broke and everyone ran for the exit.
DeleteA lot of talk but not really too much logic.
Remember when RE couldn't go down? I mean, it's housing, it has value as a place to live, but people pay more for homes sometimes than what it would take to build it new.
I guess that's what makes markets.
A churnin' urn of burnin' funk...
ReplyDeleteA lot of shorts to look at in the service.
ReplyDeleteTSO short is working big time today, energy is taking it on the chin with all the commodities.
I stopped out of ALK. Didn't lose anything as I traded it before for a profit.
I worry about YRCW. If the transports and airlines are sucking with low oil then there is something else going on with generalized selling. YRCW is still hanging in there in the mid 7's, so it's not the end of the world, but usually airlines would be doing good with oilers down.
I'm glad I'm not over at BC land, it must feel positively suicidal over there.
Looks like the defensive issues like utilities are holding in there pretty good.
The gold / silver etc stocks have been selling off hard, no doubt. Today and Friday were their crash moments. That takes the market by surprise and causes some amount of panic selling in other stocks to cover losses/margin calls. If this is the case then stocks should rebound fine in the coming days. I don't see anything to signal that this is the end of the bull run. You still have a housing market that is very strong in several areas and that means a much better credit market and that means loans are getting out to businesses / individuals that weren't previously getting out to them in the 2009-2011 period. I don't think this trend dies because silver and gold are crashing.
ReplyDeleteSimilar phenomenon occurred with AAPL. The big difference to me is APPL shareholders weren't constantly proclaiming the end of the world and rushing out to buy MRE's and guns, they simply watched in disbelief.
DeleteThe other good news today is copper is only down $0.06 or less than 2%.
DeleteThis shows that the selloff in gold is more about the fear trade ending and the GLD redemptions than it is about the economy crashing. If people were worried about the economy as well, copper would be taking it on the chin today.
Looked like markets were starting to turn, but now seems be going down as news of a bomb at the Boston marathon circulates.
ReplyDeleteHope it is not true!
Two explosions, a dozen injured and blood on scene.
Delete4 people taken to Mass General emergency.
DeleteAt least 6 people with severe injury's.
DeleteBody parts strewn about.
DeleteJohn Taylor on Gold:
ReplyDeletehttp://www.bloomberg.com/video/gold-close-to-a-buying-opportunity-taylor-says-z6XNV1WkQUi4r2vvfEzbAQ.html
SNE: YEN, how far down? buy dollars/short yen/long Japanese stocks.
ReplyDeletehttp://www.bloomberg.com/video/gold-view-similar-to-1970s-fitzpatrick-says-pX4i~qPFRfi9ZSDSE2tlZQ.html
GGN - Div nearly 14% now.
ReplyDeletePAL - Could be a good entry if you like risk.
ReplyDeleteNUAN - In case you missed it, it came back a bit.
ReplyDeleteMy brother ran the marathon. We were going to fly out to watch him run. Luckily he's fast as shit and was done and already eating at a restaurant with his family. My friends / family are all ok. Thank God. So disturbing.
ReplyDeleteNow they're saying there were some deaths. Smell of sulfur.
DeleteRobot switches from long 1568 to short 1566
ReplyDeleteHey Robot, are you getting tired of whipsaw?
The volume in GDXJ and GDX on Friday matched the highest volume ever recorded. Today's volume exceeded that by at least 30%...
ReplyDeleteBut we know from the 2008 experience that when institutions start panicking, the unimaginable daily declines can last for several weeks...
DeleteDavid, I suspect the conspiracy PM bugs keep referring to, is what looks like a 10yr bull trap.
DeleteURI - 12mo PO is $66, 5yr est growth is 19.9%
ReplyDeleteWonder if my broker holds their debt? Looks like it wants to break out though, doesn't it?
The Police - "Don't stand so close to me"
ReplyDeleteInside her there's longing
This girl's an open page
Book marking, she's so close now
This girl is half his age.
Bummer all around today.
ReplyDeletepretty hard not to take a shot here.
ReplyDelete