Daily Market Wrap-up and other OFF TOPIC ramblings
OUCHHHH!!! I spent the afternoon in the dentist chair. I’ve wanted to replace all my mercury based fillings – for the less toxic variety. I was reading that mercury poisoning from amalgam fillings can be responsible for loss of memory, sleepless nights, headaches, depression and to think that Dentists have the highest rate of suicide of any occupation? Beam me up, Scotty!
Anyway, back to the market -- Boy, oh boy! I took a shit kicking today. It’s one thing to make money; it’s another to keep it. Huge reversals on all my stocks…first thing this morning another ugly story attached to the GBU ticker symbol—same bullshit from the same sources, so each time you see one of these stories surface, add another thousand shares. It seems to me that if Romania were truly an independent sovereign nation they would do what Turkey has done and boot these international vegetarian envirocommie assholes out of the country. Did you read the PR? Rosia's jobless rate is over 60% ... and this mine (with a life of over 16 years) would deliver close to 2600 jobs and this is without counting the indirect spin-offs!
The EIA report is due sometime early next week…this stock will either soar or go straight to zero. I’m betting that since the mine is located in the Disadvantage Zone (where Gabriel can operate 5 years tax-free) and the willing relocation of the locals is moving nicely that the government will finally give this mine a thumbs up.
Bear Suits;
As an investor if you’ve made your money in a bull market chances are you’ll be perennially bullish. If, on the other hand, you’ve made most of your money in a bear market, you guessed it; you’ll be perennially bearish. I figure that’s why those clowns that live and breathe gold stocks will never have any money – they’ll never be able to call the top, NEVER! We’ve known one another for what? Three years? I hate to say it, we’re perennial bears … the bulk of our coin has been made in natural resources where a booming oilpatch always signals the end of a bull market. To make matters worse, I had, at one time over 100,000 shares of Eldorado Gold all bought below $.30 which I sold close to the top at around $2.35, now do you understand why I started hanging out with Mr. “Anti-Venom” Jeff at SI? I needed to rid myself from the secret desire to see an economic collapse. As a trader it shouldn't matter what you’re trading – if it moves trade it - if the trend is up, go long - if it's down, short it! The Chief's thread is a classic example of this, and for what's going on @ SI PM threads? I could care less...I don't read them anymore.
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