Thursday, August 14, 2008

Morning guys

John (COIN), sounds like you have a fun day ahead of you ;) Congrats on the new career path and best of luck on the studying.

Dollar evening off around .764 (Hopefully we've topped out)CPI @ 8:30 and jobless claims should be interesting.

Gold and it's fellow metals up nicely so our miners should make up some more ground today.

As for SKF, I think we get a touch of $121-122 before going back over $130. The sub $110 I missed out on was the low for this run IMO.

Gonna look to short GM again at some point today ($10.50+)

Cyclist thinks we just saw a bottom and it looks like thats a STRONG possibility. Remember where our miners were 2-3 weeks ago and expect to see those areas again.

GORO made it's strong run yesterday but has MUCH more left. AZK, AUY, SWC, JAG, SLW.....all have strong upside potential from here. EGO held up the bast IMO and should be back over $8 very quickly.

As for all the QMNM quibbling, That Pedro is the most obvious basher there is. If you read that link on paid bashers, he is easily the best at it I have come across.

The BK needs to be cleared before we get true valuation and we need some solid numbers for August. I admit i'm guilty of getting caught up in the hype thinking we were going to run back to .07 as soon as production was announced, but should have realized how important emerging from BK is since FMXL was in the same situation when I was trading that 2 years ago. I have AMAZINGLY STRONGbeliefs in QMNM and in the long-term it's going to make us all happy.

Joe

No comments: