Mon Bon Ami, Monsieur Le Fly

Dieu bénissent le Fly
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Let me just say that I’m grateful this day for my good friend, Monsieur Le Fly.  

Before tonight’s market discussion, however, let me tell you a brief story, not altogether “out of school.”    This summer, my wife and I dined with Monsieur et Madame Le Fly. 

By dint of fast L.I.R.R train out of Atlantic Beach, we arrived at le restaurant (downtown NYC) first, and were able to have a quick cocktail while we awaited our dinner companions.   Since the restaurant was bayed and glass fronted, and our maitre d’ was kind enough to seat us in front of said bay glass front, I was able to steal a first glance at madame and monsieur even before he first laid eyes upon me.

Therefore I was immediately able to take the measure of his character, and let me tell you why.   No, it was not the solicitous manner in which he comported himself with madame (although that was certainly nice).   Nor was it his clean appearance, or even his upright posture, however positive those fixtures might be.

No, it goes back to something my father taught me as a wee lad, no more than 13 and approaching the narrowing straits of manhood. 

“Jake,” he said, putting his arm around my shoulder in an almost conspiratorial fashion,

 “Always be wary of a man who is better looking than his wife, as  it’s a sign of a weak character.”

Let it be said that it’s further credit to Madame Le Fly that Monsieur is by no means an ugly man.  It is merely that she is le soleil to his la lune — the gender nominatives notwithstanding.

Second hint — La Lune insisted on picking up the tab.   So it goes with my friend, Monsieur Le Fly.

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But let me not soften tonight’s “a la recherche de temps perdu,” etc., with too much overt sentimentality.   Tonight I laud my bon ami for keeping the rubes, stupes and tin pot bangers continuing to chew the gristle of regret and bitter grapes with regard to the most obvious bull market of the millenium.

Heck, maybe even the only bull market of the millenium.  

Please credit him with Svengali-like powers.   Only mon bon ami could so easily have the five figure account guys gamboling and capering with glee today about the ridiculousness of owning gold with these data readily available:

Know that he is doing the Lord’s work for you and your family by casting doubt on the gold-sound money thesis.   This spells “O-P-P-O-R-T-U-N-I-T-Y” for those of you who may have yet to participate.   Thank m’Lord le Fly and thank those who readily take his word with nary a thought toward logical analysis, or even limpid thought.

For they shall be the bearers of your wealth, well into the next decade.   God bless.

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There should be something of a bounce tomorrow, as we fast approach my mentioned $440 level on the $HUI.  We are also quite oversold on gold in the near term.    That said, I don’t think this pullback is over, and may only cover some shorted calls into tomorrow’s sell off.   Be nimble, be quick, etc.

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