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XMFSinchiruna (27.72)

Prepare Now for Met Coal Mania

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February 04, 2010 – Comments (5)

The Met Coal Surge is Coming ... are you positioned for it?

In other news:

Taseko has moved 1 step closer to being a sure thing.

IAMRIGHT About IAMGOLD

The Arch Crumbles

 

I am absolutely loving this selloff in precious metals! Anyone else? I re-upped my buying activity today, retaining now only about a 5% cashposition to redeploy into silver stocks as we approach a potential re-test of $1,000 gold.

All this talk about a lasting tide change in the USD is hogwash. The U.S. has its Greece and its Spain ... they're called California and New York!

Rick Santelli is on the tube right now telling it like it is ... our own bad medicine has plenty of sour doses remaining.

 

 

5 Comments – Post Your Own

#1) On February 04, 2010 at 5:10 PM, Option1307 (29.67) wrote:

All this talk about a lasting tide change in the USD is hogwash.

Agreed, but it certainly would be nice to see it ahve some legs. Nothing wrong with sweeping up more metals/commodities.etc at lower prices. In fact I'm ready to "take one for the team" and do just that!

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#2) On February 04, 2010 at 5:12 PM, Option1307 (29.67) wrote:

Although, I'm not ready to do it just yet. I feel this USD rally could continue for a month/several and thus there is no need to rush into more positions just yet. I guess I comfortable taking that risk b/c I already have a nice colellection in my account.

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#3) On February 04, 2010 at 5:30 PM, Tastylunch (29.18) wrote:

Does that Make Illinois our Ireland?

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#4) On February 05, 2010 at 1:32 PM, outoffocus (22.81) wrote:

I'm loving this selling action as well.  Though I am not going "all in" just yet I do have an auto investment plan set up until I believe the dollar is at or close to the top. Any heavy selling in any of the commodities or commodity stocks may prompt me to make some tangible buys.  But in the meantime I'll just nibble on the way down.

 As I explained on cbwang's blog, I'm not watching the commodity prices as much as I'm watching the dollar because in the end the dollar will determine the direction of commodity prices overall.  Any sovereign debt defaults in the Euro region will only strenthen the dollar temporarily because fundamentally the dollar is still flawed.  Also, we all know that the Fed will use any strengthening in the dollar as an excuse to print more money.  Which leads me to believe that this dip in commodity prices will only be temporary.

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#5) On February 05, 2010 at 3:46 PM, chk999 (99.97) wrote:

I'm with you on this. No matter what happens in the short run, I don't see how we can't have inflation in the long run.

Chris - long gold and silver via various mining stocks

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