"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, January 6, 2009

Copper - TGB

In NFTRH14 it was noted that I bought TGB just this past Wednesday as a play on copper and the positively correlated 'hope' trade. The buy price was .60 and today, three days later this thing is threatening the buck level so... I must go now. Thank you TGB, I hope you will stop diluting shareholders and I hope this bull rally has a nice durable copper roof. But I must go now because quick fire profits in something I am not fundamentally engaged with will always be taken.

But I think it is going higher as the 'click your heels' dreamers try to whoop up a story. In fact, TGB has potential to double before hope eventually springs a leak. Anyone who may have bought, it is up to you as to your view of the stock. It is up 60% from where it was bought and I have copper exposure elsewhere as you know. Just as I don't give buy rec's, I also do not give sell rec's. Merely showing parameters and telling what I am doing is all.

In other notes, on this morning's dump I added back the GG that was sold last week and also increased my 'bull stock' holdings with another favorite from my past that I may mention in NFTRH15 if indeed it remains worth mentioning after this week is over. I have also been doing the usual balancing and rebalancing. Taking some profits and seeding them into other areas. Sort of trading in a zone, like a hitter really seeing the ball. The dollar may be running out of gas right at our projections. Keep an eye on it.

Finally, a side note to subscriber Aneel P. Did you receive my mails yesterday? Contact me ASAP if not. I sent you the reports from two different email accounts and to both of your accounts. I trust you have gotten them as nothing got kicked back to me. In the event you did not, there must be a problem on your end. Is it possible you are in a country where incoming mail is restricted? Anyway, let me know.