IKN

Take physic, pomp

Trading Post (gold 751 edition)

TheLittleEngineThatCould gold is having a second shot at the 750+ levels right now. With the 3m T-Bill at 0.01% there’s still plenty of reason to believe here. Long GLD and JAG.

Speaking of JAG there was all the $1.90 you wanted this morning. Otto too chicken again. Now up 1% on the day at $2.03. I like the odds here, and happy to hold through.

Andina Minerals (ADM.v) up 9.4% at $0.58 right now, presumably on the back of the Kinross / Teck / Anglo deal announced this morning. I’ll have more to say on that later.

Cosan (CZZ) down 15% at $2.14. How low do you go, Mo? I’m watching this on closely and will buy for a splash’n’dash trade to the upside if it looks like springing. Great plan. What could possibly go wrong?

Nadagold (NG) down 16% at $1.70. Not Latam, but all the same…“Toldya it was a dog, Andy.” 😉

Malaga (MLG.to) at $0.07. Down 20% plus on low volumes. I repeat that I like the fundies on this pennycrapper. Not for the faint of heart, though.

Fortuna (FVI.v) up nicely at $0.54. Still crazycheap, still an obvious buy.

DYODD as always, dudes.

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