I'm happy to report that I'm now getting hate mail from both right wingers and left wingers. This can only mean that the blog is nicely balanced.Oh why didn't I sell Jaguar Mining (JAG) yesterday? That pop at the end of play to $4.40 disappeared like morning dew today and here we are at $4.15. Holding a while longer, but profit taking looks like a good option right now.
Sold SLV with enough gross profit to cover commissions and buy a coffee and sandwich later...perhaps an ice-cream, too. Nothing against silver here; I just like being in cash.
The Kirchner Regime's move has gone down well with investors; the Merval now 12% down and as popular with the financial community as the phrase "Kirchner regime" is with some readers (who should get an education, find out what 'regime' really means and not try to assume their own ignorance is shared by the rest of the world). Anyway, I digress. Here are a few US traded Argentina ADR stocks with CEOs that must be totally in love with Los Kirchner: GGAL U$2.50 (down 15%), TEO U$7.54 (down 27%), BMA U$9.83 (down 16%), CRESY U$7.40 (down 9%), IRS U$5.54 (down 7.5%).
Southern Copper (PCU) down 5% this morning and sitting at $12. I still say that China slump fears are way overexaggerated, folks. Hang me later.
And you know it's a bad, bad day out there when KRY is one of the very few spots of green on your screen. Pachakuti continues unabated.
UPDATE: The JAG went at $4.00. Live n learn.........