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I don’t have a lot of time, as I’m “leaving on a jet plane” from Minnesota South, also known as Palm Beach County, Florida, to warmer climes in the Bluegrass region. Also dealing with some family issues, not the least being my wife’s tolerance for “vacation” with our four kids — “not to exceed five days/nights” it read on the labelling. Can you picture the look she’s giving me as I tap these words out whilst I should be loading the car with luggage?
Yet, it’s my devotion to my Docteur Le Fly, his magical engine in The PPT, and my good bloggish friends that drives me like a grizzled veteran of the India campaign is driven to a brown ale at the end of a long day of patrol.
Here’s what I’m seeing, and be sure to filter it through all my inveterate bias and natural cognitive dissonances. I think the dollar is gasping it’s last for this time period. It’s raging against the dying of the light in the most poetic way, but it’s punches north grow weaker and weaker, even despite all this news of imminent employment doom and Grecian tragedy. [[UUP]] would need to stay north of $23.60 to remain convincing that the dollar possibility is still on, and DXY above $80.50.
I think a weak employment number only weakens the dollar tomorrow, while a strong number (unlikely, as we’ve seen bruted) marches the market north. Either way, I see “up” for our friends on the PM side. Note how the [[HUI]] has broken out of it’s downtrend and is now looking to successfully touch both the downtrend and the 50-day EMA at $415?
I think this will be our signal to buy with both hands.
Here’s the stock I like most for those who are interested. It’s gold, and it’s been golden to me and mine. I don’t see why that shouldn’t continue.
Best to you all, and I’ll speak again with you after touch-down back north.
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Fly safe, as if there is a preferred alternative.
Thanks, after an uneventful flight we’re down on the ground, dog collected and the kids abed now.
Brief peace.
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I have been holding off on getting back into the PMs for some time (though maintaining my physical holdings) but I began adding recently with my old friend DGP as the technical picture is starting to firm up as are the fundamentals. This next dip in equities will be my buy point as I agree that PMs are breaking out, we should have a dollar consolidation for a time, and the sovereign risk issue is beginning to outweigh the dollar strength. Jag and LIHR will be added first I expect as well as more DGP.
I will have to look at LIHR again. It’s been such a long time since I’ve considered it, I can’t remember why I rejected it in the past.
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Taking off from FL right now…
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Lord Jake…. 4 kids….. It is 46 degrees right now in Cocoa Beach…. I hate the cold. A long lost cousin from Buffalo NY rang up yesterday and stated that her, her 2 tiny children and husband are coming to visit me. I obliged with a sweet Southern twang as the boys were screaming in the background. Her last words were, Justy make sure your drunk because my children are wild. So, I ordered my slave to replenish my keg by 10am tomorrow.
I am not joking. Lmao….
Have a great time with your family my friend. You deserve it. Warmer days are around the corner 🙂
Cocoa Beach! Home of Major Nelson and his awesome blonde Jeannie!
Met a very nice woman from Buffalo (originally) this week. I think she likes Delray better….
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A+ parenting for getting those chillun to bed before 10 after flying.
And whatever happened to that band Drivin’ n Cryin’, whose big hit was called, I think, Fly Me Courageous.
They made a new album called The Great American Bubble Factory.
http://www.amazon.com/Great-American-Bubble-Factory/dp/B002LMOB64
Ah yes, the “vacation” with the kids! 🙂
Jake, we have 7 kids under 12 and stopped enjoying vacations a LONG time ago. 😉
Jayhawk,
Love the gravatar from the best Television performance ever.
One of the best actors in America, period.
Seven kids! Yipes I thought that went out w. my parents generation, where our family was considered “medium sized” at six.
Congrats.
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Thanks, yes I loved him in LD as well as many of the Western films he has made over the years. Great actor for sure.
Jake-
Yes it did go out, but there’s a group of us out here who are nuts enough to attempt bring it back. Friends of ours have 15. I’m 42 years old, so I’d thinking about putting a permanent end to this soon. 🙂
Hey, if you can afford it, there’s no greater investment.
God bless.
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Ginnie Mae 4.5% – 30 year Down 13/32nds at 101.5
Fannie Mae 4.5% – 30 year Down 11/32nds at 101.046
Fannie Mae 4.0% – 15 year Down 9/32nds at 101.968
Fannie Mae 4.0% – 7 year Down 8/32nds at 101.25
Ten Year Treasury Note Down 17/32nds at 99.625
30-year Treasury Bond Down 25/32nds at 100.343
Interest rates up? Who’d have guessed it?
Dollar up, too, unfortch.
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