Tuesday, February 28, 2012

THIS IS WHERE IT GETS SERIOUS

Don't look behind you...we've got a wall of rocks...we have no choice but to fight
The game hasn't changed......don't worry.....it just continuing. We are in the early stages of a nice bull run in the miners. I spent the last 6 months of 2011 trying to exercise some patience in the accumulation phase and holding some serious cash if they tried to take another leg down this year but it looks as if the accumulation phase is nearing an end and the train is about to leave the station. Maybe that train will roar out of the station at an amazing speed tomorrow but if that is what your concern is then you are going to miss out on the real trip. The real trip is going to be the last week or two of the ride. That's when we will see new highs in these miners. Its the parabolic last move that sends the miners up the final 15-20%. It will be the high volatility moves that entice the longs in for the kill and let the big boyz load up their shorts. Maybe they'll use a nice descending wedge for the tip over.......or maybe they'll just crank it over the edge.......but right now its all about the ride. When all the CNBS pundits start touting the silver/gold trade is going to go on forever then I'll start to worry and look for the exit door. If you are not a trader then sit back and just watch out the window. We're going to see a lot of scenery over the next few months. Some of it will scare you but that's going to be their objective. Its to shake you out and it usually works. I will certainly lighten up on my core if we have some parabolic moves that start extending the daily BBs ...MACDs......STOCHS.....and RSIs........but right now were in the early innings of this game and I apologize for that cliche analogy. Build up your courage and expect some real fireworks ahead ......good and bad........but this is offense now. They have no choice this year but to throw the kitchen sink at this mess. gl


7 comments:

  1. mommy mommy.....hehehhehee.......see if 1710 holds today......

    ReplyDelete
  2. this is the part in the commentary in the above post that is to "scare" you..........very contrived move here

    ReplyDelete
  3. NKTR having a big day. They sold Cimzia & Mircera royalties, and the stock is heavily shorted.

    I keep wondering about adding to my RWM position, but just might hold onto some cash & wait to buy back into AUQ.

    Everyone keeps predicting the correction/pending crash, but when too many are positioning themselves for it, the opposite will happen.

    ReplyDelete
  4. TIMBER.........golds next stop 1680

    ReplyDelete
  5. Ron Paul speaks to BB and look what happens to the metals!

    ReplyDelete
  6. The take from First Eagle Funds' Jean-Marie Eveillard is the Central Banks are indeed desperate: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/29_Eveillard_-_Desperate_Central_Banks_Intervene_in_Gold_Market.html

    ReplyDelete
  7. commmentary simple......Central Bankers needed to slow the trade......not a bad spot to start adding again.......

    ReplyDelete