Where to start. Well, lets start with an update on the site. After speaking with my programmer everyday for 3 straight months, he has almost puked up him liver, so I hear. The frustration boils within me.
Tinka came out with its first 5 drills today, and of coarse the near sighted moronic daytraders dumped some because they 'didnt hit the outstanding grades." First off, those drills were not even from the Zone 1 land which already encompasses the 43-101, especially they HAVE NOT BEEN DRILLING ON TOP OF THE CHIMU. Fuck, I have to spell it out sometimes. They are moving the drill there now, and with the revised 43-101 with the decreased cut off grade, selling this here is either incredibly smart or incredibly stupid. After getting off the phone with the big boys, they mentioned that the overall market sucks right now, which I agree and will bring down ALL stocks, especially juniors which I have been saying for 2 months now. The good thing they said was Tinka is FULLY FUNDED, and drilling is still moving along now to start testing the Chimu. IF YOU CANT HACK 50% up and down in junior mining stocks, SELL IT on open tomorrow please and move on. Its funny how all the questions come out when we go down from .50-.25 but no one says a single word from .25-.75, funny how that it. I remain extremely long. The bid will get aggressive into Thursday. This is a turtle race sometimes and now that the market is sucking the liquidity out of the TSX, the juniors are first up for liquidation. ALL JUNIORS WENT DOWN TODAY. Look at GPL. Nuff said. Is it done? Who knows.
I was extremely active on twitter today. Most saw that I closed out my XOM PUT today with a healthy 120% gain since Thursday. I also initiated an SLV PUT at 2:45 today. Great fuckin timing that was as the SP catches a 4.1% bid in one hour. Right. On what? OH right more rumors of some bank being bailed out that I dont even remember the name of it. So I lightened that up by 75% and keeping the others encase Blythe has something up her sleeve for the rest of this week. SO yes I took a loss on that, small and quick. I also told people to start looking at TD bank. That morning short was a joke, I'm assuming people made something on that.
I was perplexed at the Ben Bernank today. Quiver lip and all, he managed to still say THEY ARE NOT PRINTING ANYTIME SOON. If you didnt hear that, go back and rewind the tape. HES NOT PRINTING. They need more carnage. More pain. More begging. More crying. More middle class death and poverty.
Wall Street knew this. So how do you save a dieing breed? Just make shit up. Go back to 2008 when Lehman was failing. Do you know how many times that went up and down 10-20% daily like Margin Stanley is doing now? Its playing out again. Its the last bastion of hope. We might rally to the MA or the trend line now and keep going down this death trend lower in between those lines. They are just buying time with hollow stories. Its 2008 all over again.
This brings me to the metals. Thus far all the major metals names have been wrong. They were all planning on the printing presses being turned on full blast. Embry today came out and said silver is full retard. Sucked dry. He thinks its a bottom. Either way I purchased 10 more monster boxes last week. Regardless if we go lower or not. In fact I wouldn't mind it to go lower, my PUTS will pay out and I will buy more. See thats the beauty of stacking the phyzz, you dont sell it-yet!
And if I see another 1980's comparison of gold and silver again saying its the same thing, I will have a snap show.
I have to go and see WTF is going on now with the site. My blood is boiling.