Did anyone else have trouble getting "news" over the weekend? I found myself relying upon ZeroHedge for updates. Not TV, not even Drudge. And I simply have zero faith that the Japanese government is telling the truth, the whole truth and nothing but the truth. Since it is clear that about every imaginable scenario is "on the table" in Japan, no one knows what this week holds. ZH has maintained since last month that Saudi would feel the uprising by March 20. Well, that's only 6 days away, too. Again, no one knows.
As this pertains to PM prices....again, no one knows. There certainly seem to be plenty of would-be chartreaders and cyclists out there warning you to sell everything before its too late. I would caution you against taking their advice. Heading into last week, we only had guesses and speculation about where the PMs would find support in a selloff. After last week's action, we thankfully now have hard data. I'm not even thinking about selling anything until and unless our now-confirmed support levels are broken. The charts, to me, still look positive and ready to break higher so the last thing I want to do is be out. Here is your daily gold chart which, frankly, looks great. Its basing above old resistance and has a clear level now that needs to be watched for signs of a breakdown and change of trend.
April gold: $1430
May silver $36.20
Definitely more later. TF
10:30 EDT UPDATE:
The suppression around $36 continues but for how long...
Miners down, despite PMs up...Blythe attacking the periphery? OEX this week.
ReplyDeleteI am thinking that silver is not going to break its 36.50 until gold is ready to move past its all time highs. I don't necessarily think that it has to happen at the same time, but the rally that sends silver to 37$ may end up being the one where gold breaks its all time highs. We have silver well above previous highs, but gold is trapped in its "quadruaple top."
ReplyDeleteBlythe, you have trapped yourself.
And to Bank of America...
Your time is coming first...
Yup! With Japan, middle east, & all other chit hittin the fan, doesn't look to be a routine OEX/FOMC week!! Orchestrating the major hits on PM's! Wed eve into Thursday, barring any other significance of Japan meltdown, will be the most likely orchestrated raid! From recent patterns we've learned!
ReplyDeleteHell no Turd...it ain't a normal Monday! It's steak and bj day!! Make sure your wife knows. http://thecivillibertarian.blogspot.com/2011/03/men-its-steak-and-bj-day.html
ReplyDeleteapril crude bounced nicely to +$1 to ~100.50 in last hour.
ReplyDeletewonder if bahrain is a feature in this.
Physical. Just BTFD. Just buy. The last great no brainer investment while we await the unveiling of QE3- the re-election version.
ReplyDeleteBrian
ReplyDeleteIs it buy your wife jewelry day?
Great buying op for the miners. I'm not selling anything. ScottJ.. I posted last on the previous thred.....some really good commentary at stockhouse slx board this weekend. Makes you want to hang in there!
ReplyDeleteWish I had a boatload of cash to buy this a.m. ..But every little bit helps!
Stay strong all.
Dr C dropped off a cliff and is hanging out below the old 4.20 support.
ReplyDeleteBrian,
ReplyDeleteIt's Steak & BJ day? and there is a dedicated website? Wow! What a great time to be alive. I most certainly will be forwarding the website to my wife.
Thank you for reminding us we must keep our sense of humour in these interesting times. Cheers
Beef Jerky and a reach round....nice
ReplyDeleteFor the next 2 weeks, any hold above 35 means that Blythe is phukked for expiry. IMO that 6/30 will be the epiphany.
ReplyDeleteTMM - Timmins just had a nice pop. Up 9%. Sprott's announced he voted against the gammon deal
ReplyDeleteAccording to CNBC, the Saudi's are "helping" Bahrain
ReplyDeleteGinger
ReplyDeleteI stopped checking my stocks obsessively, and watch the price of silver instead. Unless I am specifically thinking of exiting or entering a position, I just let them be. My theory is that they will start to reflect the price in a month or so, and that unless you need to bail because of naked shorting (which happened to us in the tech sector and we just had to accept that we had been had, to the tune of $100K, and almost stopped us from being willing to own stocks at all, which is why we didn't loose what was left of our shirt in 2008) DON'T look.
Thanks for the charts Turd. Looks like a very nice cup and handle pattern on the gold chart. I'll be happy to see silver consolidate above 34 for a while and build a base there. But lack of physical may play havoc on the price.
ReplyDeleteI've been checking ZH over Drudge for news as well. Interesting comment Turd.
ReplyDeleteGuys do you think is a good time to buy GPR?
ReplyDeleteAdvice much appreciated.
Actually what happened was so similar to the junior miners thing. My hubby is an engineer and he found a little company with great potential and initially the price performed as expected, and so we bought in bit by bit, as the price rose. But after an initial great rise, it kept getting beaten down and we couldn't figure it out. Well, long story short, it turned out to be on the SEC Reg-SHO list, and we wrote letters, etc., and it was all pointless, and then the company was bought by Google (do no evil - hah!) for a song. There were court cases and it is still on going. But the little guy ain't winning and we cut out loses long ago. Put the chump change on silver, though, and recovering not too badly.
ReplyDeleteWow, the effort to contain silver under 36 is certainly impressive.
ReplyDeleteLooks like DrC is getting up off the floor, rubbing his nuts after last nights karate kick between the legs.
ReplyDeletehttp://www.youtube.com/watch?v=r_4jrMwvZ2A
Looks like the Empire wants to go to war in Libya...
ReplyDeletehttp://www.zerohedge.com/article/report-us-britain-and-france-have-promised-east-libyan-rebels-no-fly-zone
---
Mind you Ron Paul has recently spoke that "engaging a no fly zone is an act of war."
....
<^> you military industrial commplex
takedown at usual time from 10am the pressure will be on till the fix is in
ReplyDeletehttp://preciousmetalsnews.blogspot.com/2011/03/best-time-of-day-to-buy.html
A BJ a day and yer man won't stray..as they say.
Meant to add this link: Here is Ron Paul's speech regarding the "no fly zone" they talk about...
ReplyDeletehttp://www.youtube.com/watch?v=Tt5fKMBveMU
xtybacq,
ReplyDeleteA good word...You are right.. I can't help but check it though! ..Just to see what my opportunities are more than anything else.
I find it interesting that silver surged while the miners dropped.
i too was actively looking for news, turning to ZH and this site: http://emsnews.wordpress.com
ReplyDeletefor info. Still holding on to SLW calls. The volatility this week is going to be insane - time to grow a set boys.
Interesting and painful. I am actually trying not to panic about the miners, and trying to believe that the shorting will end in a squeeze too as the price just pushes the stocks higher. But I know I will check soon - I think maybe I was giving myself advice!
ReplyDeleteAhhh... but if it is a NATO no-fly zone, act of war isn't needed. Dr. Paul forgets that we have a Senate-ratified treaty with NATO... and treaties are dangerous because they bind us to other nations, and can override the constitution, unfortunately. Dangerous things these ties that bind.
ReplyDeleteLondon fix is done, $36.18.
ReplyDeleteWowzer! Fire sale on Uranium stocks this morning. Check out Denison Mines, Uranium Participation Fund and Cameco. Will be some great buying ops here this week. I am going to give it another few days to really tank then scoop up some Cameco.
ReplyDeleteWeird market activity this morning in the rest of the resource sector. Lots of red in cola and oil /gas too.
36+ and then the beat down. 36+ and then the beat down. And I noticed my alarm clock now plays Sony and Cher every morning.
ReplyDeletecheck the update
ReplyDeleteUmmm... that should have been coal - not cola - lol!
ReplyDeleteJust a note to Ginger and others who talk about wanting to learn as much as possible ... you may have seen this but if not it speaks well what you can achieve and that the education process is on going ... comments from a Dan Norcini post over the weekend ....
ReplyDeleteTiger-Cat Great said...
Please forgive my digression, Dan, but I am curious to know, are you self taught or University educated? You don't list one in your bio, but you must have gone to one. Your breadth of knowledge in finance is admirable.
March 12, 2011 3:57 PM
Trader Dan said...
TigerCat - self taught. After two decades of trading you tend to learn a few things if you are still around! There is always room for more improvement however since events have a way of teaching us all if we are humble enough to learn. For example - if anyone would have told me years ago that gold would have been considered a "risk" trade I would have thought that they had one too many beers. Yet that is exactly what happened during the sell off in late 2008 when it was thrown out for a short time as the Yen carry trade was unwound. One would have thought that thousands of years of previous history would make that impossible. Then again, the hedgies are insane!
March 12, 2011 5:34 PM
Gotta love this market. PM flat even though;
ReplyDeleteSaudi "invades" Bahrain....not sure Iran will be too happy with that - in fact neither am I here in Dubai.
Massive "QE" into the japanese system and the repatriation of overseas investments = USDX fall.
Potential nuclear meltdown, if its not already happened.
Imminent no fly zone in Libya and ongoing civil war.
All of this and JPM manages to keep the silver price below 36, i guess they need to hold on until their derivites expire - anyone know when that is?
crazy times.
Chicken Dinner - my clock set itself ahead early by three days forcing my wife out of bed an hour early last week. She's been pretty grumpy since... better than Sonny and Cher though.
ReplyDeleteChicken Dinner - "And I noticed my alarm clock now plays Sony and Cher every morning"
ReplyDeleteGood one.
Turd Ferguson said...
ReplyDelete"Wow, the effort to contain silver under 36 is certainly impressive".
I think that gives a lot of creditability to the Wynter Benton statement concerning JPM's silver derivatives.
@ xtybacq
ReplyDeletelondon pm gold fix not in yet
http://www.lbma.org.uk/pages/index.cfm
if I'm not mistaken they are actually trying for, and going to get, a lower pm than am fix set at $1424.5
just bought gpl i hope it's on sale btfd today and not headed back to 3.8
ReplyDeleteThey are setting up a raid. Look at the mining shares with silver up. They short the shares then hit the spot. Be prepared.
ReplyDeleteDoes anybody have an idea how PSLV will perform relative to SLV? It seems like this near 20% premium will be chopped away little by little for a while, can't believe it's down near 2% when slv is flat or slight positive... any ideas?
ReplyDeleteatlee-
ReplyDeleteDo you think there is a price target for them, or is this a 'raid as needed until Friday OEX' week?
I meant futures not spot
ReplyDeleteRemember:
ReplyDeleteWe are under financial attack from the big bankers themselves. Anyone else tired of sitting around waiting for things to change?
..
This is pathetic to watch and just have to take it. It does not bother me that it is occurring as much as it does not get stopped. What a fucking joke those COT reports are....
These crooks will stop at nothing to preserve their usurped power. Who are we to keep taking this. We have numbers... we need to do something...
atlee--looks like you may be correct!
ReplyDeleteI do not know.
ReplyDeleteadded EXK for trade......hehehhehe
ReplyDeleteThese raids are disgustingly obvious, I mean reall WTF....
ReplyDeleteThere it is.. all the way down to $35.68 as of now. I think I'm starting to get car sick!
ReplyDeleteGood call Atlee..
my first entry to add AGQ today is 203.50. So this raid may noit be that bad. However, if it goes through that, I am then looking at 179.50. GTLA
ReplyDeleteThe only way to close them down is to take all the physical.
ReplyDeleteIf Sprott decided to buy at spot from the CRIMEX and deliver to his physical fund he would be able to make a nice profit by selling into his fund at the elevated premium, and in so doing take the physical out of the CRIMEX and become the defacto price discovery mechanism for silver based on actual demand.
Thats if there is actually any physical left to deliver, Dan Norcini doesnt believe the COT anymore and Harvey Organ seems to think that the small deliveries done so far in march are becaue there isnt any to de;liver to the longs standing for larger deliveries.
I agree Scott. It's obvious our politicians aren't going to do squat since they are funded by the bankers. Threatening to vote for the other guy doesn't do any good either since they are all in bed together regardless of what party they claim to be with. Very few politicians are in it for the greater good, especially when they turn politics into a career. Term limits baby, we need them. Or perhaps we need to go back to tar and feathering? They don't seem to hear us when we speak. Maybe they'd get the point if they received a good old fashioned ass-whooping. Worked for me when I was a kid and kept me from doing shit I wasn't supposed to!
ReplyDeleteAtlee your right. Miners simply not confirming at all the spot highs this morning. GDXJ limp like old man in winter minus his long johns.
ReplyDeleteWhat's up with the Silver Miners(SIL)/Silver spread? I'm dumping part of my silver and trading for silver miners...and as well getting rid of the PSLV - Sold to you sucka Sprott scam...
ReplyDeleteAnyone seen uranium stocks? What carnage.
ReplyDeletehttp://www.google.com/finance?q=NASDAQ:URRE
Look at the related stocks. Glad I sold out of these back in early January. My god.
I agree with Atlee.
ReplyDeleteThe shares down with the metal up is usually an ominous sign.
that hedge fund trade that Norcinni talks about all the time, long bullion and short the miners is still on, clearly, regardless of the rise in silver.
ReplyDeleteFire River Gold is my hero today. Nice drill hole #'s released.
ReplyDeleteLook at Hecla this morning. Retesting support. If it cracks $8.36, then I am bailing. I have owned HL for 7 long, tortuous years. Made a lot of money off it. Lost a lot too. It's a good silver miner for sado-masochists.
ReplyDeleteSK
Miners are down because the Dow is down triple digits. Those still hoping that those will not correlate are destined to be disappointed. It will take a serious breakout in gold and silver to break that problem. Not that it won't come, but it ain't here yet.
ReplyDeleteHansi, so where are you? Last week at 34.2 I told you that silver would never go below 34 again. You told me I was a funny fucker or something?
ReplyDeleteI guess it's still a little early to tell, but I just wanted to remind you of what you said. You also stated silver would correct to 8$, right?
I can't believe how beat down some of these junior minors are today. And silver is pretty much unchanged right now. Physical is looking better and better.
ReplyDeleteHi Markus
ReplyDeleteI am no troll (I am not Hansi in disguise) but I think silver could sell off quite a bit. Gold is failing to capitalize on the weak stock market so silver will probably get dragged down with the CCI.
At 11$ above the 200 day MA it has a lot of room to correct.
SSK
ReplyDeleteI know the feeling bro. I tend to get attached to my miners too. Lucky for me I was able to walk away from HL. I sold my last as a first trade on the morning of 3/7, at 10.26 a share. I know it ain't fair. The EPA stuff is bullsh*t, it's an awesome miner, blah blah blah. But the chart told me to walk away. And Thank God I did. I just hope I have the discipline to do the same on the rest of my list when the time comes.
Just last night I put about half my list of miners on a "double secret probation" list. I need to see something, and soon, or I am gone. Too many good ones out there to waste my time and my emotional energy on a bunch of hard cases.
Hi Folks..
ReplyDeleteCurrently the SPX and RUT are trading below support. If the trend continues into the afternoon, there will be a further sell off. This will effect your miners!
Also - keep in mind that it is OpEx this week - since I have no idea where they need to take the prices for Friday close, I took profits throughout Friday afternoon and will await a buying opportunity.
Full Disclosure - holding physical gold, silver, lead and copper.
I'm BTFD on miners...hope the spread will invert eventually in the medium term...if you have the FRN it's a nice buying opportunity, unless silver goes down of course...
ReplyDeleteso much for the power of pomo today, i guess they are buying popcorn
ReplyDeleteFix in and they got a lower pm than am, thats alot of short paper. metals heading back up, as per usual
ReplyDeleteWow Chin Music,
ReplyDeleteThank you for that (VERY) encouraging post. Some of the smartest people I know ..in many different fields.. are self taught individuals. My own husband is a prime example. In the mid 80s he decided that he wanted to be a 'computer expert'. PCs were very new then and after countless days and nights of coming home from work and getting back to work he taught himself better than any university could have I believe. Today he heads a team of folks who work for a major US company in the medical / computer industry. ......He is now pursuing his masters ..but none of that would have happened but for the decade he spent learning all on his own.
Hard work and perseverence does still pay off. ..In everything you do. Thank you very much for that reminder.
This comment has been removed by the author.
ReplyDeleteIt looks like January all over again for the miners!
ReplyDelete...and xtybacq ....don't look.. :D
ReplyDeleteThese EE beatdowns seem to be having less and less effect. Back at 36 already...
ReplyDeleteI was hoping for a more effective raid to add to my position but it looks like the market is not waiting as long as me to grab silver on any dip.
I certainly don't mind the accumulation.
I'd like to maybe back away from the miners and focus on the physical again, but my last real buy point was around 27.50 Ag and it's really hard to adjust your head to the current spot plus out-of-control premiums.
ReplyDeleteGiven that a big chunk of my last silver purchases were bought with the idea that it was way too much and I'll just flip them in the low 30's, every day that goes by that I don't sell 'em and pretty much move them over to a core hold status counts as a buy don't it? That's my latest rationalizaion.
One can hardly get through a day without one good solid rationalization anymore can one?
Bye Bye for now. That stack of 1040's ain't going to check themselves....
http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_EARTHQUAKE_NUCLEAR_CRISIS?SITE=TXHAR&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-14-11-26-01
ReplyDeletehttp://hosted.ap.org/dynamic/stories/A/AS_JAPAN_EARTHQUAKE_NUCLEAR_CRISIS?SITE=TXHAR&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-14-11-26-01
"The shares down with the metal up is usually an ominous sign."
ReplyDelete-Turd Ferguson
I agree...and with silver more overbought than ever, it won't take much to trigger a rush to the exits. With everything going on in the world, silver should be on fire and it's not. I know the BM/JPM games are likely holding it back but we saw what started last week, only to be averted on Friday. We are going to move in a big way real soon and if you ask me, it's down, even though there;'s every reason in the world for it to go up.
Just one more shot.
ReplyDeleteKudlow is on now, basically pushing the idea of what a hero John Boehner is. OMG, we are all so screwed!
HUNKER DOWN PEOPLE!!!! Whatever that means to you. Whether it's home preps, or OTM calls, just do it!
Anyone following ANONYMOUS and the BAC leaks?
ReplyDeletePerhaps the Legion would like to assist in
hammering JPM.
Ginger and others looking for more education ..
ReplyDeleteBelow you will find a copy of the summary from Peter Degraaf's weekend report ... I won't go into an explanation of who he is for he has a bio on his site that you can read ... he is a personal friend and wise ... from his summary here is his advice ...
Summary: To improve your rate of success in trading resources and resource stocks, be sure to make good use of my article: “THE MAKING OF A SUCCESSFUL INVESTOR”. It is a free feature at the website. We will deal with the charts for oil and main stream stocks in the Monday Morning update.
DISCLAIMER: Please do your own due diligence. Investing involves taking risks. I am NOT responsible for your trading decisions.
Happy trading! Peter Degraaf <:::>< www.pdegraaf.com
Personally, I'm going to get off my ass, get over to Gander Mountain, and get some 00 Buck.
ReplyDeleteI should stop now, I'm talkin' crazy.....
Massive FUBM forming in gold and silver...
ReplyDeleteOnly thing I care to see this week is the EE; vermin rat bastards get operation preparation 'H'! Hard rigorously roger ram jet up the tail pipe! Hold the lube!! This happens by Thursday close, with no reasonable orchestrated beat down to keep SLV 35 calls worthless! EE losing the physical silver delivery holders gaining leverage!! Next line in the sand for April options higher for EE! Until then no reason to get to excited!! We know the beat down wed close into thurs day is a 3 time pattern and will likely remain into close of DOW OEX componets! SLV being a DOW COMPONET! This is the 24 hours I want to see! Until this 24 hours, the most we have is mental masturbation! Waste of heart beats; flogging a dead mule!!
ReplyDeleteAnd boom goes the dollar...
ReplyDeleteNew lows on the day...
Thank you Chin Music ..I am over on his site reading right now pursuant to your recommendation.
ReplyDeleteThursday afternoon last week I lost the internal hard drive on my computer so I've been isolated from the market between then an now. Fortunately I had closed all my positions before I lost ability to reboot computer.
ReplyDeleteThis morning I'm back in business but FreeStockCharts.com website is not working for some reason. Anyone else having trouble with their streaming charts this morning?
Stephen
ReplyDeleteMy usual website where I have all my portfolios in easy reach won't give me a quote on EXK this morning. Thought that was pretty weird. Says it's a bad symbol. FWIW.
Eric#1...That excess physical isn't a trading sardine!
ReplyDeletePreciousmetals
ReplyDeleteI was taking the fix from here
http://goldsilver.com/silver_charts_data.php?tab=2
It showed the London Fix when I posted earlier. But it doesn't say am or pm, just the London Fix. Are there two?
Rick
ReplyDeleteBINGO!!!!!
TY Eric . . . not sure that's related since I currently get a blank screen LOL
ReplyDeleteI mean i get nothing at all . . . really strange . . . it's possible since restoring my new hard drive that i am missing the right FLASH plugin or something but even that would not explain getting a blank screen. HELP!
Ginger
ReplyDeleteHaven't looked, but I see silver is back over 36
It is volatile but I am holding firm. When even Turd is talking bearish, I must question my instincts, but I still see up. Where can people put their money? US dollar? Euro? Maybe the Canadian dollar will suddenly rally, but I still can't see anywhere safe except for precious metals.
USDX down 0.49%
ReplyDeleteMilked
ReplyDeleteI have read so very much about the 200 dma this last week or two that a question just popped into my furtile, little mind.
How much is the 200dma moving up each day/week lately? Anyone?
Anyone following MVW? OH MY GOD! Just like I told you guys!!!
ReplyDelete@ Economic Analyst,
ReplyDeleteFollowing, but regret I don't have a position in it. I remember you saying it was cheap at 1.20, when I looked the same day it was somehere in the 1.40's now it's at 2.20! in a very very short time...
Nice call indeed!
xtybacq: only one London fix for silver, two for gold
ReplyDelete@old-swift-boat-vet
ReplyDeleteThe 200DMA is the last 200 days. Each day it drops the oldest and adds the newest to the average.
@Stephen, I use freestockcharts as well. Make sure you install the Microsoft Silverlight plugin
ReplyDeletehttp://www.silverlight.net/getstarted/
What a long, vicious battle for 36!
ReplyDelete@EA
ReplyDeleteYep following. Tried to get in twice with no luck :-(
TY Mike . . . I did install silverlight . . . is the website working for you right now? I'm trying to figure out if i have a problem here or if website is down?
ReplyDeleteMVW is my only stock in the green today. I'm up 30% on that bad boy since buying on the 7th. I like it til $2.40ish at which point I will sell and then see where it goes from there. I expect a lot of profit taking once it hits $2.50.
ReplyDeletesecond dollar smash alert
ReplyDeleteI CFD-bought all of those dips – she will not get me out until I get my fiat to go for more physical.
ReplyDeleteI've posted a new thread.
ReplyDeleteEA,
ReplyDeleteForgot to thank you for recommending MVW when you did...thank you! I almost dismissed it at first glance and am glad I did some DD on it anyway.
@ Guy
ReplyDelete/b/ follows silver too.
http://www.stratfor.com/analysis/20110312-japanese-government-confirms-meltdown
ReplyDeleteAlex Jones is reporting that both reactors have had meltdown and the 2nd explosion was a full meltdown throwing nuke rodes high up into the air. The government is covering this up.
"We are under financial attack from the big bankers themselves. Anyone else tired of sitting around waiting for things to change?"
ReplyDelete-------
Yes, I am tired, but in the meantime, you can keep buying physical, as in silver, gold, and supplies. Anything to get out of the dollar into something you can hold in your hands and use physically. THAT is what I'm doing. If EVERYONE did this as a unified force, the banking class would fail.
Remember what Adolph Eichmann of Nazi Germany said, "I was just following orders," or something like that. He still got hanged years later. I wonder if something similar would be in store for the banking class...
SE
@Stephen,
ReplyDeleteHopefully you see this. I've been in freestockcharts today with no problems at all.
Regarding PSLV 14 million shares are being registered and when I look at the market the daily volume is in the neighbourhood of 1.3m shares traded per day (mostly in very small denominations). If we review the pattern over the last 3 months volume is only 900k/day.
ReplyDeleteQuestion... How easy is it to dump 14 million shares into a market where only 1.3 million shares trade daily and while ensuring the share price doesn't drop below nav?
Seems to me like it will take some time to unload those shares?
Likewise, it will take some time to purchase physical thereafter if that is the idea...
Thoughts?
The STRATFOR report on Saturday on the Japanese meltdown is old news. Wait for official confirmation on the meltdown. It's very possible that a meltdown has already happened, hence the USS Ronald Reagan personnel undergoing decontamination procedures after returning to the ship. AND, the wind is expected to change direction and start blowing inland later today.
ReplyDeleteSorry for extending the hijack on the thread.
SE
Economic Analyst:
ReplyDelete"Anyone following MVW? OH MY GOD! Just like I told you guys!!!"
Wow. Average volume 22.5k shares, and today's volume (so far) is over 40k shares trade. Holy cow, you're throwing around your self directed 401k funds. Incredible volume!! This stock has been trading for 10 years and hasn't went over ~$2.25, and the volume also looks pathetic over those 10 years.
What makes this company any different in 2011. Looks like a dog to me.
Please stop pumping this stock.
SilverRun I hate responding to knobs that don't know what they are talking about, but I will just this time. The stock has 3 million shares outstanding for the public, the company amassed thousands of oil/gas leases. The CEO has 50 yrs experience. Do some due diligence before you make an ASS of yourself. I am CANADIAN by the way.
ReplyDeleteSo what, The PM complex is going to correct, this is normal and healthy. Get over it. Wait for the big pull back that you know in your gut is coming, then buy and sit tight. Let it come to you, don't chase it. This is not the end of the PM bull, just another day in trading.
ReplyDeleteEric Bolling on Fox Business tonight is doing a segment on the JPM silver manipulation.
ReplyDeleteI think it airs at 10 p.m.tonight. His time slot has changed recently. Spread the word around on your favorite blogs, regardless of how you feel about Fox.
I believe this might be the first MSM show to dare utter the truth or go anywhere near it.
The end is within sight at the Death Star.
Turd, love that Death Star euphmism, cracks me up everytime.
TheObsoleteMan said...
ReplyDelete"So what, The PM complex is going to correct, this is normal and healthy. Get over it. Wait for the big pull back that you know in your gut is coming, then buy and sit tight. Let it come to you, don't chase it. This is not the end of the PM bull, just another day in trading."
Or in my case, if there is a big correction, just another day of buying the big FD.
Re the situation in Japan. Otto at IKN inkacolanews.blogspot.com offered a measured knowledgeable post today on the Japanese reactor situation. The conclusion was that the damage from the reactor problems will be local rather than global. That is unfortunate for the locals but comforting for the rest of the globe.
ReplyDelete