In or Out?
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The Whale is threatening, its maw dark and deep.
Should you leap?
Truly the Whale can take you places, no? If you can handle the tight accomodations, the rancid air, the weak light, the pulsing, peristaltic movement, that is.
No one said this was going to be easy. Nothing worth accomplishing ever much is.
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I like everything I’ve recounted before here (just page back and note the silver and gold miners, and the Cree, Inc. [[CREE]] I have chosen for my March Madness pick and the Veeco Instruments Inc. [[VECO]] I did not, but own still). Also, don’t forget [[PAL]] and [[PTM]] .
I also like [[TBT]] as long term hold, as Treasuries are doomed. Anyone who tells you different or tries to game a quick-slick-Rick-trade in long bonds via [[TLT]] is merely sticking his tongue in a razor sharp blender whilst daring a two year-old to play “hammer the peg” with his tiny wooden hammer poised over the “Crush/Chop/Puree” buttons.
It’s just a matter of time, imho.
As a bonus, and today, only, I like coal here as well. It’s another commodity that the Chinese love, and God knows, we burn most what we love.
Try Massey Energy Company [[MEE]] here for starters, since Stanley Druckenmiller likes it, and he’s George Soros’s smarter (read “Republican”) partner. I also like Alpha Natural Resources, Inc. [[ANR]] and even the old discredited Jacksonian, Natural Resource Partners LP [[NRP]] — even if only for the fat dividend.
Last, but not least, I think United Parcel Service, Inc. [[UPS]] is getting ready to run again. Since it rules the Transports, I think that means the Trannies will run as well. Dow Theory gives you Paul Harvey’s “rest of the story.” Bad news for Bears.
Again.
Ciao for now.*
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*Extreme apologies for my recent lightness here. It seems that 2010 looks like it’s going to be a pretty damn good M&A year. That’s nice, since 2009 sucked quail eggs… however, it also means I’m going to be running around like a chicken sans chapeau for a bit. Catch you on the high side.
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Jake, how would you go about buying gold in the euro.
Convert your dollars into euros and then buy gold.
Or just buy gold.
Are you trying to short the euro? Gold is gold, no matter what currency you purchase it in. I would leave the shorting of currencies to pros like Ozzie J, however.
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Welcome back!
Regarding TBT/TLT, I never feel comfortable being on the other side of a Dr. Fly trade, and I don’t like holding TBT through the inevitable drawdowns, but I don’t see how the tsunami of supply can be soaked up with low(er) rates.
He’s just playing with Bricks and Blocks with Nixi Knox, sir.
He’s attempting a trick-brick-block-stack-play whilst sipping seven sodas that’ll make him sick sick sick.
Sometimes, it’s better to just sit back and eat a sammich.
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Indeud.
Very impressed with $ANR and $MEE charts.
YOU SHALL FUCKING LOSE THIS BATTLE, YET AGAIN.
Prepare for GMCR, part II.
Bring it, blender boy.
I’ll get the iodine.
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” It seems that 2010 looks like it’s going to be a pretty damn good M&A year.”
What about the the boys (and girls) that handle the M&A’s? What are your thoughts on Blackstone (BX)?
(provided you don’t work for them because I know you can’t comment, if you do)
I read that thirty years ago, the companies that handled the mergers did very, very well, stock price wise. So, I bought BX last week. Pretty nice dividend, too.
Well, BX is actually a principle, which means they buy stuff for their own account. What I do is more like LAZ, or to a certain extent, parts of GS and MS.
How BX does will be largely reflective of what kind of purchases they make, and what portfolio companies they sell. So, hard to tell.
LAZ might not be a bad pick…
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Great, thanks. I’ll check out LAZ for sure.
No comment about the article, but the picture is amusing:
http://static.seekingalpha.com/uploads/2010/2/21/saupload_bernanke_inflation_cometh_234x300.jpg
article:
http://seekingalpha.com/article/189741-inflation-why-markets-ignored-the-fed-rate-hike?source=hp_wc
I like that the guy is an Austrian economist, but not sure I’m as worried as he is.
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Moving to things that do concern me… note the erosion of liberties brought about by years and years of Fabian socialism.
Most people would say “why don’t you just give ’em your (name and address) details?”
Why indeed.
Orwell wasn’t far off about his own country, was he?
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Holy schlemiel…. this Canadian ice dancing babe is…. a babe!
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You mean the one with the stripper name, who won gold? Yeah, she’s tasty, or needs to be tasted, or something…
Tessa Virtue? Oh yeah, that’s hot.
“Tess Virtue?” — wasn’t that the name of Dick Tracy’s girlfriend?
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10.10.10
Sir Gint
Had dinner with P.Simms over at a nice place in Franklin Lakes and somewhere between my chef salad and third Vodka Tonic I mentioned your Gravatar…Treu[sic] story…He said he might check it out but to mention that he would rather see one of his O-Lineman instead of LT….
Keep up the good work…
V.King wuz here
V King- pretty funny. Next time you see him, you can tell him I almost used his image but figgered I’d already done enough shout-outs to Louisville. (Phil is a native L’villian, as you may know).
I met his little brother once down here. “Joe Bob,” – no shit.
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Apologize to all for my lack of participation today. I got back from an all-morning meeting only to find the jacklegs building the new Arena next door severed our T-1 lines. Since we have fiber phones I don’t even have an outside line right now. Tapping this on my Crackberry.
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Jake, what are your thoughts on the PMs here? One step forward, two steps back is turning me into a Nervous Nellie so your thoughts on the PM action would be greatly appreciated. Still holding the usual miners here (RGLD, ANV, IAG, SLW, CDE, EXK, TC, TCK etc). Thanks.
Suze- again my apologies for being so scarce today, but as I explained above, I am temporarily “Crackberry access only.”. It’s allowed me to have a couple of sammitches and get some document work done, but I haven’t really been able to study the charts in great detail.
My take until further notice is that the US gobmint needs to sell some bonds, and its amazing with what regularity the stock market will sell off to accomodate just that. One almost becomes a believer in conspiracy theories and such.
I’m not sure what your time frame is, but we could get as much as an another month of this roller coaster ride, so if you get air sick, you may want to lighten. I’m not doing anywhere, and I still have some dry powder from my December sales, sooo… I will continue to be opportunistic.
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I just noticed the beautiful bull flag on the GLD weeklies. It’s at its third touch of the upper trendline in the flag, so we could break out any day, or head down for one more round-trip.
Of course the game is rigged. Don’t let that stop you–if you don’t play, you can’t win.
– Robert Heinlein
“Just Because You’re Paranoid Doesn’t Mean They Aren’t Out to Get You”
treu dat
one other thing I will make note of, before my Crackberry runs out of juice — note UPS above…
Remember what I said about trannies being the “tell” of the market, and UPS being their lord and master?
That is all…
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Does it work as good or better than PPT?
Dow Theory, or my UPS tell?
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Dow Theory predicted the 2007 top and meltdown (year end)… Wood and I were out about a month ahead of Le Fly.
This was before the PPT, however.
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