Bad Penny

Bad Penny - turn up like a bad penny. To arrive at a place or event where you are not wanted. "She'll turn up again, like a bad penny."

This site has been in limbo for a few days, with links severed and all graphics deleted, due to the efforts of some poor sports who do not appreciate unflattering, though proven accurate, analysis of their darling stock holdings.

The kind of expletive-laced diatribe we'd like to post to these persons wouldn't be in-line with the tone we have set over the few years this blog has been active, so instead we'll just say "we're back".




Thanks to those who wrote us, asking about the blog's status. If this blog does someday get shut down permanently, those on our mailing list will be advised of our subsequent location for we'll not be stopped so easily.

Also our thanks to Google, owner of Blogger, for doing the right thing and restoring this blog and our access to it. May we suggest not being so easily swayed by the bleating of bitter dumb sheeple the next time.

No thanks to those who send us comical threats and incoherent conspiracy theories centering around the belief that we are leaders of a secret evil naked short selling cabal. We wish. If somehow we could force stocks to their proper and fair valuation, we certainly would. Instead we'll have to wait for the markets to return to sanity just like everyone else. Soon come, hopefully. Until then, note that we have made the vast majority of profits on the long side in this blog.



Good Penny

On November 18 we posted this chart of EMX, a stock which we've held an unusually long time now :




Here is the updated chart, which we believe requires no comment :




Gold has been fast approaching our $1250 target, as a likely maximum for this cycle. It may stop short of that level of course.

This was the updated chart as of November 25 :



Today's chart would look the same, only with gold stretched $40 higher into the area of resistance indicated by the upper black and green trendlines.






We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or for mentioning any stocks or companies in this blog. If we hold existing positions we divulge the fact.

This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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