Lets first look at Gold. Expect Gold to trade in between $1675 and $1800 Aug 26th, the Jackson Hole QE3 announcement from Shalom Bernanke. We are going to enter a phase of consolidative volatility, in which they try to shake the new weak longs out of their newly acquired rational exuberance.
Silver now looks like its will coil and bounce around in here for a while.
Rest assured, on the next leg higher going into the fall, silver should outpace gold on a percentage basis, and the moves should be fruitful.
I have liquidated 15% of my paper assets and put them into Silver phyzz.
I am long TK till it goes to $3-5 or $0, whichever comes first.
I am long APE.V
I have Jan 21 Calls of SVM (silvercorp) at $15
I have a smaller call position in SLV for Oct 22 at $41.
The new site is well underway, and I suspect it will be ready for September 1st.
Buy the dips, keep stacking, new years evening should be a blast.
P.S. I am getting the feeling as if I am in the summer of 2007. We have seen all the warnings, yet the media is pumping 'the worst is over' Its amazing how just a week ago people were screaming murder. Idiots.