We Must Do Something!!!

We must do it NOW! Okay dokay I guess I’m all in then lets raise that ceiling and get this show going. After all….this is SERIOUS. In fact to prove this is serious, just look what happened to Mr. Market. That was a FEARFUL sell-off yesterday. One for the ages. That type of fear just can’t be manufactured by a few Algobots……can it? At least surely Mr. Market wasn’t having it’s “wanker” pulled ……..was it? That of course would imply……manipulation??? That’s tin foil stuff and we know that would imply that those crazy PPT theories about the President’s Working Group manipulating the market were true. Of course that nonsense has been debunked so we can now trade our market unimpeded.

Targets today:

$HUI 552
ANV 36.50
SLW 36.60
SSRI 27.35
EXK 9.20
AG 21
RIC 7.60
HL 7.90
GPL 3.31

Several of these either hit targets from yesterday or they are still sitting near key buy areas. Don’t go “all in” here but these could turn out to be nice entry areas if you have been out of the trade. These are trade areas if you have your core already but I am still holding a heavy cash position here with my EUO hedge. $XEU jumped back into its channel so I will hold on to the short.

I’d love to turn off the noise but I can’t help it. Its pure entertainment now on the MSM. Like a bunch of hens trying to impress a new rooster I hear the cacophony of the reporters increasing daily with the inane cries for the “debt ceiling”. What has our news cycle come to? The DEBT CEILING?? That’s where we’ve come to? THAT’S the NEWS? Without boring you with what the real news is I believe the average ten year old could do better. Piper time kids……PIPER TIME!! You’re gonna pay it…..one way or another. Play your games. Cry foul. Cry help. Cry bailout. You had your wars. You had your McMansions. You had your phony stock market runs. You had your cheap gas. Now your’re gonna pay. COUNT ON IT! Oh BTW those that think granny is getting too much with Social Security and Medicare and needs to suffer too. Careful what you wish for. You just might get it in spades. gl

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