Tuesday, September 4, 2012

TOO LATE

You blew it. Look at the action. Several of our favorite miners were up 10% today and silver and gold have really blown out. This looks like its left you at the station and to jump on now would just be to much chasing for a prudent investor. Well maybe that's right but no reason to panic since what will happen in the world of the big boyz is just the opposite. These confirmed breakouts with coming mo mo movement will only be added on to. The problem for retail and some of the uninitiated momo chasers is the coming volatility that will destroy your positions. Breakout moves tend to run hard both ways so that the experienced traders can be quickly unloaded by the big players with the experience and the unlimited shorts. As stated previously this will NOT BE AN EASY TRADE. So look at your charts and pick your spots as this trade develops. Unfortunately I'm busy most of the week so I can't spend the time to pick targets yet....but I will next week and maybe this week if I get time. This is so early in this move that its really better to sit tight for most of you and just let this game develop. Its going to be an amazing set of fireworks. I chatted with a friend of mine that likes to trade a couple of miners. I know his strategy and it works for him but he's always missed the big runs on his miners and I asked him to let me know when he traded out of his GPL position. He assurred me that he was going to hold a core this time and only trade a portion. I know him well and knew as soon as he was close to green he would dump it all. He didn't disappoint. By last Tuesday he was out of his entire position. I knew then we were going to get a nice run and added to mine. This is going to test your nerves so hold tight and gl.

14 comments:

  1. Enjoying a vacation in Vegas currently. Of course these casinos don't compare to the rigged game we play. ;) holding nov 30 calls at 98 cents. Big money no whammy!

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  2. Out all day and back on "out of network site" for the week. Very good solid buying ......can't wait to see how they "play" it. Rip it up THEN shake it or do we get a nice retest in the next day or two. Oh well......

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  3. SVM had a great day yesterday and closed above 6 dollars. It is under attack today, but staying above 6 dollars so far.
    SVM pays a dividend and you must be a shareholder of record by 9/28. Perhaps some money will chase the dividend.

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  4. Just now back "in house" .....sorry for this week...apologize for this post's ambiguity...basically I am saying that this is the time to be adding on pullbacks to support and holding tight to your core. Expect this game to become very volatile now as they try and shake you out. many of my charts are breaking out and will be back an going strong this weekend.gl

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  5. S&P @ 1430.
    Makes you wonder if they will take it to 1450.
    I just can't help but marvel at it all.

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  6. Will be listening to jobs report in AM on satellite and FULLY expecting a PM takedown to coincide with it.....will hold a little cash now to buy on pullbacks but remaining VERY long

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  7. Miners and shiny stuff are flying! They really want no one in the trade. The bus has left and everyone is hoping that it stops.... Thanks Kli for keeping this site going. Good luck to all!

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  8. Also PPP is a beast! Can't Stop! Won't Stop! It a double bagger!

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  9. SVM doing well too. Should it continue to do well, the 20 & 50 day moving averages will cross the 200 day.

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  10. Wow! Can't believe I'm actually back to even with my KGC. I'm not selling, "they" can't have my shares. hahahahahaha. Wait till Benny actually openly announces QE3, hopefully the real fireworks will start. Good luck to everyone.

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  11. if ever there was a time for a flash crash...Be careful. Meanwhile. Yahoo!.

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  12. Well well.......imagine that.....anyway back in town and its nap time.....no trades today just sitting and holding let them shake the tree next week and I'll buy with the small cash I have now....if they don't shake and hit my short term targets I'll sell a little.....this move is VERY early so piss on them

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  13. Sleep tight...... cause I'm gonna too! Maded up serious ground the past week!!!

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