POAu 757 rising
POPt 1428 rising
POPa 378 rising
POOil 85.43 rising
USDX 77.97 falling
DJIA down 140 falling
U know, the usual stuff in an emerging stagflationary world according to GORM
Next 4 weeks will be the most dangerous this side of March for the broader market IMO and if it survives without much trauma, gungho beyond that for the precious metals Olympians.
Meanwhile the Ice Queen is dancing to her own tune and with a mind of her own. L/T mega-hedge against inflationary adversity. S/T subject to techno momentum drivers and sets of real news probably by end Nov AGM. Will prob hip-hop around a bit but bottomline is scrip is getting to be so rare u might need to be very alert to not miss the next hop up if u hip out. Usual core + trading MO is the way for Olympian stox IMO. Followers of the Jungle King's ascendency would be all too aware of this.
Re the Jungle King, whatever the market dishes out next few weeks should see it at its low ahead of oxides start-up. No doubt Olympians will be looking to regroup and start rowing northward ahead from whatever last chance mega-buying opportunity is provided.
Methinks u can do a lot worse outside being Royal Family watchers over next 3 years. These two will comprise the core of my aggressive resources portfolio during that time with plenty of cash on sidelines looking to pirate other firesale resources targets as they appear. Gold, precious metals, uranium and cinderella LEAD will be my priority focus from here.
Interesting intraday trends appearing in the Ice Queen .... another window down-dress at today's close.
Highest weekly close so far was last week's 156. New high this Friday would be T+3 on the weekly for the purists. Exciting stuff all round keeps me awake so late.
Aphrodite be praised.
IMBOOC
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