My article in the Rocky Mountain Collegian today: [more]
I sit at 40th in the CAPS game now after being #1 a mere three months ago. Will I be #1 in three months? Probably not. Will I again be in the top 5? Most likely.
Best Guesses as of today:
S&P 820, Dow 7,900, Euro 1.33, gold $890/oz, GMX point total 10,500.
S&P 580, Dow 5,600, Euro 1.17, gold $840/oz.
I just sold my Jaguar Mining at a very healthy $11.20 a share, a nice rip over the past few months, and moved the proceeds into DZZ, a 2x gold short fund. Why you ask? It seems everybody is going all goo-goo ga-ga over the break north over $1k in gold. Why am I getting short? [more]
About the real economy, and the real economic depression we are facing now? Or must we continue the charade of talking about goblins, new bull markets, unicorns, economic recoveries and leperchauns? If you're into discussing reality, you might find the following article from Karl Denninger interesting. If not, I hear there's leperchaun talk on TV right now, just flip that dial to CNBC to catch a Mad Money re-run. [more]