MDP

If you hear me talking about the "right" direction it'll ALWAYS be metals going higher and main markets going lower. Missed any Apple News???

As for GDX, I almost bought some today. I have some i bought @ $49.45 before the last run up and never booked. I could see it pushing $60+ this next run!!!! Did you buy in to it??

The right direction

Looks like we're moving in the right direction boyz!!!

Next week we really kick this into overdrive :)

SKF

It should Tom, IMO If the next two weeks with the financials reporting plays out like we think, we'll be back on our way to $140 again!!

Cube LOL

I got 4 lots bunched up between $100-$104 and need to raise some cash!!!

I'll take 4% gains all day :) Watch me when we get rolling with gold again ;)

SKF

Booked $100.08 purchase @ $104.07

RL52

No I book them all for profits. I choose the lowest lot when I'm selling. The main thing is that we are in an asset that we KNOW is in a long-term bull stage. Basically by the time Yamana gets to $19 i'll have booked all already. Along the way i'll also short when I deem necessary and I have a separate account for shorting.

If you go back and read the blog from day one you'll better understand what I do and you'll LOVE it :)

DCR

Started position @ $10.08

John

For Yamana I sold my positions the last ride up so when we hit $20 I was out. If it had continued I would have thought about getting back in. Then we got the pull-back and I started adding around $18.50 and have added basically every dollar on the way down. The lowest purchase was $14.49. Now when we start moving upwards i'll be booking each of my purchases for 3-6% gains (maybe more if there's a big jump in a day). If there's any pullback then i'll add again and book when it reverses. The main thing is for Gold to be rising and i'll constantly be booking. The reason I do this is that it is impossible to pick tops and bottoms so I plant lots on the way down and book on the way up. This has happened in Yamana basically every 3-4 weeks.

Another example is SKF. I have buys @ approx $100, 102, 103, 104, 107, 115

Now when we reverse i'll be booking them for gains and start planting UYG's (financial longs) so that I can book them on the way back down and plant SKF's again. Make sense????? As long as we're rangebound it's a perfect system.

SLW

Booked $16.06 purchase @ $16.63

Yamana

Booked $14.49 buy @ $14.93

Thanks Tom

I'm taking the same approach!! Set up very nice if we run from here and able to add a bit more if we dip.

Very quiet here today?? Must be the boring action??

MDP

Just means the financials are a tad weaker than other sectors, as they should be :)

EGO

Added @ $7.15

INTK

Ron, I try to stay away from pennies that are trending towards zero!! It's gone from .26 to .125 in the last 7 months!!!!

FGOC

Trading @ .59!!!!! Very nice entry point here for a quick 15% move!!

Oil Short

Gonna start planting some DCR's when oil passes $107/barrel

John

I'd stick with UYG, QLD & DDM for a breakthrough out of the range. You're good at the timing and you'd probably get a higher return.

Peter

You're in 13th place in the NCAA tourney out of 23 people

UMass looked really good the past two weeks. I love Travis Ford, he's gonna get them going in the right direction if he doesn't leave in two years!!

SWATTSUP

They all have an agenda on there. We know the real truth so just keep the faith and you will be rewarded. Market shorts and miners long (it's that simple)

MDP

Thats a GREAT play IMO We should be looking at $20 if Gold gets back around $1000!!

SKF

Booked $98.93 purchase @ $103.31

Yamana

Thats where i've been adding the most during this pull back. It's the miner of choice for the "average" investor. Cramer has helped it become very mainstream so it pulls back the quickest and hardest and will bounce back with the same force.

LOL MDP

We should see a decline that accelerates into the close. King Of Gold has us pulling to $872 late today early Monday then bouncing!! Gotta raise some cash by booking some SKF's today and switching into miners!!!

Seabridge

Technically it's closing in on the end a triangle and should break to the upside. A lot of money moved out of Seabridge and into producers when Gold took off in January which caused it to pull back to it's current position. The past two years Seabridge has prospered coming out of May when most producers pull-back.

They only have 37 million shares outstanding and are sitting on 50 million ounces + of gold. Extremely undervalued stock and the only thing thats changed since November when it was $39/share is they increased their proven ounces of Gold and POG has increased by $100/ounce!!

Extended hours

AM from 8:00 - 9:15 PM From 4:15 - 7:00

As for the DXD/QID buys, I buy during the runs to 12,700 then book on the way back down.

I'm at my max on Seabridge but like I said 2 days ago, it looks ready to break out VERY soon!!

DXD & QID

Added @ $53.33 & $45.31

Jackpot

Thats what we've been waiting for boyz!!!!!!

Whats the plan guys??

Getting close to the top of our range here!! QID & DXD looking good here!!!

Tom SRS

Keep me posted as to when you think is a good entry point.

Peter

I pulled back the reins after I got his attention. I really could care except for the fact that I know it's gross negligence to tell people when Yamana is at an all-time high that you shouldn't sell till $26!!!!! WTF!!!!!!

Hey Peter, are you P. Turbinski????? In the college Hoops pool??

Perfect scenario for tomorrow

We get a beautiful sell-off in the main markets along with a final drop in gold to the low of this correction.

We book the SKF's we've been adding this week and use the cash to add to out PM positions at these clearance levels, which hopefully is a springboard for a MONSTER run-up next week!!

This is our month boyz :)

RL52

Welcome bud!! When I first got turned onto the Short ETF's SRS had already run a TON due to the real estate collapse. I've followed it but haven't put it into play cause I LOVE SKF so much. It seems like you can make a bunch still with the swings but I like SKF much more because of the way the Financials move.

Market Ticker

I couldn't get it to open earlier Ron. I'll try it now, BRB

WOW

Yamana & Silver wheaton are catching SKF in the poll!!!!!

Thanks Ron

I don't dislike him, he has the same thinking as most of us, I just hate people that say we will miss the boat if we sell out too early and you will lose everything if you try to time the market!

Fun

Gotta mix it up sometimes just for the challenge :)

I'm heading out for a bit so welcome and hope you find us useful and we can learn from you as well!!

Joe

PS don't forget to vote for the polls I post!!

Tom C

Awesome!!! Feel free to comment whenever possible as it helps us all. We're basically playing the Miners long/Financials short trades.

You trade SKF at all?????

Peter

I booked EGO earlier today without seeing their release about the Kiselag mine in Turkey. thinking of buying back in before end of day. Should get back to $8 pretty quick.

Also AZK has done AMAZING during this pullback, should get through $6 with the next move.

Yamana still sitting at a VERY nice entry point IMO

Is it me?

Or does everyone else feel the confidence i do in our financial short/miners long holdings right here???

The only thing i'm trying to figure out is WHEN!!!! I really think we're set up for a monster month!!! $$$$$

As always, fingers crossed :)

J/K Peter

This time i'm planting my UYG's on the way and keeping them as long as it takes. Cost myself a boatload by not keeping them last time for this pull-back!!!!!!

I couldn't lol

He lashed out at that new guy for asking why AX thought POG would go parabolic if he believed so strongly in the "cartel"

He constantly says if you book you'll miss the boat and screws all his followers who could be booking all these runs instead of being even. Don't even get me started with the updating of his charts every day once yesterday's is wrong, and everyone thinking he's a genius when he's eventually right!!!!

Sorry for ranting!!

PETER

You weren't supposed to bring that up again :(


I apologize if anyone is upset by what I just posted on GIM, but it was driving me nuts and people need to know the perils of listening to him!!

New poll

Wouldn't that have been sweet??? :)

CoinLieutenant

I can't see us not selling off this afternoon or tomorrow!!!!

Hey i got your e-mail and responded but never heard back???

Cubed

They were all asleep at the wheel, trying to show how "smart" they were by not budging on their stance last summer.

Thanks Goldfinger

Great points Eventually we WILL knock this trade out of the park!!

Added SKF @ $100.08 I can't see not being able to book 10% (at the minimum) within a few days!!!!!

GS

Shorted @ $178.94

SKF almost under $100 :)

SLW

Booked $15.49 purchase @ $15.96!!

This is awesome

"Highly Valued" Gimme a break!!!!!!

About time

They let these guys know what a horrible job they're doing!!

They need to replace the whole Fed, bunch of lazy ba$tards!!

WOW

Nice move we got going on here!!!!!

EGO

Booked $6.88 buy @ $7.18

PAL

I'd be a bit wary Ron. Most of that run from the $3's to over $9 was overexcitement from the SA shutdown and Palladium running up!! If you notice the volume, it's back to where it was before the run-up which tells me that exhuberance (SP?) is gone!!

CK

Welcome aboard, feel free to comment whenever!!

Hopefully FXP can make its way into my rotation, I love it's swings :)

FXP

I just started playing it last week and added yesterday @ $82.54. Seems to be at the low end of it's range so i'd expect a move back towards $100. Have you been playing it for a while??

Sorry John

The Jobless claims come in over 400,000!!!!

Fabulous

That should help Gold and our shorts!!!!!!!

FinancialsSuk

My new handle over @ GIM!!!! Gonna try to lay low over there, much more fun over here :)

Vegas trip account

I started a diary on the right to keep track and see how much we can make. We're starting with 40 shares of SKF (the poll winner) :)

Vegas

I luv it there. If we get our run the next month or so i'll start something up and everyone can pick a stock of the week or month. Then this time next year we'll see what we made!!!

If we can get this moving tonite then we're in business IMO!!!!

DGP

Booked todays $21.26 buy @ $22.15

WSOP

That's be perfect!!!!

I'm getting very pumped about the action right now. Gold & Oil breaking out against the dollar. If we get a jump in Asia overnight then we could be off and running!!!!!!

Throw in SKF where it is and we're on the edge of a BEAUTIFUL stretch :)

The poll

Basically I went with 33% gains in each. I chose Yamana because it's become the most well-known of the miners and a lot of mainstream money gets involved. There should be a HUGE jump when the shorts start covering.

We should start a blog fund and we invest monthly in the stock that the majority chooses. We can use the profits for an annual in meeting (in Las Vegas of course)

IAG

Started position @ $7.33!!! Let's go Bruce :)

AZK

Booked $4.71 buy @ $4.91

Sorry

I deleted the poll by accident. Whoever had voted, don't forget to vote again. Thanks!!

Yamana short

Took 1 1/2% loss @ $14.45 (if thats what it takes to get my stocks moving, i'll take it )

SKF

This could be the last touch of $100 for quite some time IMO!!!

Peter!!

Long time no chat!!!! How ya been???????

Hear about my computer incident?????

MDP

Thats a PERFECT situation to be sitting in!!!

New poll

Interested to see what everyone thinks!!

Thanks Ron

But the Board of Governors of the Federal Reserve System is an agency of the US Government and he is paid by the government and appointed by the President and confirmed by the Senate.

All i'm saying is he's an absolute piece of sh1t if he can sit up their and say "it's not in our mandate". Gimme a break, he bailed out Bear Stearns cause it was an "unprecedented situation" that called for extreme measures. But if he doesn't want to deal with an issue it's outside the scope of his job title. One thing I learned working for the Gov't is that we're a team and serve the people's best interests!!!!

FWIW

If we get this strong move up in Gold everyone is anticipating, Seabridge looks ready for a powerful run (finally)!!

Been getting all coiled up the past 2 months, should blast past $30 pretty quick?? JMO DYODD!!

Thanks John

I'll give it a look tonite!!

Aaron Russo??

Never heard of him??

Put Bernanke into this perspective. He does the P/R for a business where there is him, the A/P bookkeeper, the A/R Bookkeeper & the Comptroller. A big emergency comes up in A/P and they ask him to help out. He says no, my mandate is P/R only!!! Are you fvcking serious???? He couldn't give an answer, saying it's not his business???? We're dealing with a major crisis and he's a major part of it.

Finally

Someone letting Bernanke have it. Kennedy just tore him a new a$shole. Bernanke is always hiding behind his "mandate". He's a fvcking government employee and is responsible for assisting the other branches where ever it's needed. What a fvcking lazy ba$tard!!!!!!!!!!!!!!!

No, I haven't

I'll probably wait till the slow summer months to give em a try!!

MDP

If we nail this again, we're looking around 40% + in SKF after the banks report!!!!!

AEM

Never traded it John, but looks like an easy run back to $80 when we get rollin' again!!

SKF

Added @ $98.93

John

Thats a great entry point for Yamana, I just shorted so I can stomach more downside easier if it comes. I'm EXTREMELY heavy long in Yamana and we're gonna see a GREAT run-up once the bottom is put in!!

King Of Gold

Seems to be in the same camp as Cyclist, thinking Gold will have a sharp drop to $864 and then a massive run back over $1000

Sinclair

He's really going out on a limb there LMAO

Looks like Bernanke is doing his job of getting the market to sell-off as usual!!

I shoulda been shorting all along, soon as I short Yamana it starts to ride :)

Thanks Ron

I added that link!! I think it's previous day closing price on them but I like that it has all commodities that are traded!!

Yamana

Shorted @ $14.22 Try to make a few %!!

SKF

Could we see the mid $90's today?? I'm all over it if we do :)

MDP

We're about halfway through our trading in this range IMO

This is our second touch of $100 SKF and we should head back to the 112-116 area. If possible, i'd be lowering my basis by adding at these levels. Ultimately we should be back over your buy points once the banks start reporting.

E-Mail

JoeGoog23@yahoo.com

Big News?????

Aside from my laptop adventure, what was the big news this morning that caused a 400 point rally????? DOW basically went from the bottom (12,200) to the top (12,700) of the range in two days!

I'm gonna post a poll for everyone,

Thanks!!

SKF

@ $102.4


Anybody see the laptop they were showing off on CNBC that you could spill on?? Dillan poured a water on it and it still powered up. I think that was only on to pour more salt into my wound!!

FXP

Added @ $82.54!!

And SKF @ $103.81

Getting to the danger zone with funds here!!!!! Need a reversal somewhere!!

SKF

Added @ $104.12

UYG

Is up over 11.5% today Ron?????

Financials

I was thinking about shorting some individual ones here. Monster potential if you hit one that gets ugly!!!

How bout McDonalds dollar menu :)

Dollar's looking great Goldfinger, right??

Trying to push past $888 here. This pullback fooled me!!!! Hopefully it's a last ditch bailout to shake all the weak hands out, and we get a nice blast off soon.

GORO

Added @ $4.45

QID & DXD

Added @ $46.63 & $53.94

DGP added @ $21.26

Ivan

I saw that Greg, he's a riot. Amazing how much everyone over there hates people who trade the market. Even Smaug had to lay into AX the other day.

What do ya make of this mess G??? I can take a bit more with what I have left in cash but we're gonna need a turnaround at somepoint here?? LOVE SKF here!!

SKF

Added @ $106.78

Booked $29.53 UYG @ $32.48

We're basically back to where we were in February, trading in this 12,200-12,700 range. SKF wasasically going from $104-$116 during that time and we should be able to rotate SKF & UYG for a week or two.

Miners aren't taking it that bad considering!!

Worst Day of my Life????????

What a disaster, I spilt a beer in my laptop last night and ruined it. Then I wake up to this mess and had to run to BestBuy and drop $900 on a new one. Then it takes me an hour to figure out how to get it to find my router!!!!!

How did people function without computers???? Did they call their brokers every five minutes asking "Whats Yamana at now?"

Gonna read your comments guys