Wednesday, April 6, 2011

$US

This thing just wont die...it really needs to roll (I'm not sure what the news unit is talking about) but I'm not seeing a major selloff, YET.

This close to $40 is when I sit back and watch the tape, and see who steps in and buys.

Oh and just for inflation adjusted figures we should be well over $100/oz, so I'm actually quite disappointed in this play so far...we need major covering velocity into $50 and out of $85 in order for this to even be considered caught up. Dont be happy with $40. We are still getting fucked here.

10 comments:

  1. I'm in that boat too - ***EURUSD*** waiting for the direction of next leg, which can go either way.

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  2. I hope the sell off isn't to great at 40.

    But really why would you trade real wealth for paper crap? Wait until housing corrects then sell. IMHO ( my plan fwiw)

    Tinka looks to rebound today

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  3. SGS....USD is in "controlled demolition mode".....drip, drip, drip....

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  4. tinka to bounce in 60-75 now until macd, rsi correct, and drills start turning...hearing of $3 by new years day 2012 now from major insider holders.

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  5. Also SGS, remember US Dollar Index is heavily weighted in Euro and Yen...US Dollar is losing ground much faster to smaller, better managed currencies....so Dollar Index masks true weakness.....no one in Asia or Latin America wants US Dollars anymore.....no one!

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  6. Here she comes! Looks like she waited for London to close.

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  7. I'm a believer of TKRFF after doing a few weeks of research on it. I put in an order a few minutes ago so hopefully things work out. In my opinion, this is a no brainer. At this point, whether you buy at .69, .65, or .60 it doesn't make too much of a difference. I remember back in October of 2008 when I was buying UXG and CDE...they were under a buck and I was saying, "I'll wait for a 5 cent pullback before buying again. I'm kicking myself for not buying all the shares I could for under a buck! Now look at UXG and CDE!

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  8. SGS I am newer to this site and love your blog. Ive been following it every day. i was just curious if you think its too late to get into the tinka stock or if i should wait for a pullback or..... whats your advise?

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  9. Earl: Tinka should whip around the .6-.75 mark for a while. Once I have more confirmation about the drills, elections, and financing deal, I will update on here. Buying here isnt bad, if you are longer term (mid-end summer), it will be volatile from here on out as the drills approach and people make shit up about the drill results...

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