iBankCoin
Joined Apr 19, 2009
721 Blog Posts

“Dollar Dope” Hercules

[youtube:http://www.youtube.com/watch?v=yv0MEMyot3A 450 300]

Hercules with Lasers… Go with it!

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It’s time to dumb it down.   Way down.

I am preparing myself for this coming weeks’ action by watching the classic Golan and Globus production Lou Ferrigno’s Hercules.”   Watching this veritable feast of the cinema has –conservatively speaking — knocked out twice as many of my brain cells as would an all weekend black out date with Johnny Walker Red.  What’s more, there’s no hangover involved… just a rough couple of days of re-remembering my children’s names.

Which is all great preparation for what this market is likely to do should the dollar plummet down the nearest ravine, which I think it should do as soon as this bit of Grecian mess is resolved.  I believe that shall happen … shortly, as the Euro is already firming against the Swiss franc (which is actually made of cheese).  Soon it’s going to be hell for the Euro-bears, and Heaven Hill for we dollar bears. 

Here’s how I see the dollar resolving.  I think Friday’s failure to reach the recent highs and attendant turnover in most stochs is significant:

usddaily

Not surprising, as we’ve expected the dollar to resume it’s downward drift, and now it appears that with housing numbers up, we have another excuse to expect inflation. 

Besides some of the recent gems I’ve spoken about, like The St. Joe Company [[JOE]] the land whore and the platinum twins [[PAL]] and Stillwater Mining Company [[SWC]] , I think I shall add to my Thompson Creek Metals Company, Inc. [[TC]] , my Cree, Inc. [[CREE]] (on a pullback to $76) and my Veeco Instruments Inc. [[VECO]] at market. 

I also like what [[MVG]] has done to her hair, and will add to Exeter Resource Corp. [[XRA]] the gold spinner too.  Last, two smaller juniors that I believe I will be adding here are Golden Star Resources Ltd. (USA) [[GSS]] and [[BAA]] .  

If I could only purchase one thing this week, however, it would likely be my “baby” — Silver Wheaton Corp. (USA) [[SLW]] which is just now breaking out all over again:

slw-daily

My best to you all, and Merry Hercules to you, too.

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23 comments

  1. Hawaii Five0

    Jake,

    Should we get a run in pm’s here, do you think it has any staying power or are we just going up and down again for a while?

    Reason I ask is that I seem to keep making it and loosing it and coming out not a whole lot better for all the thinkan.

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    • JakeGint

      The dollar will be your guide. I am putting some stuff on in addition today, but I am going to watch to see if the dollar breaks down all over again.

      _________

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      • Hawaii Five0

        Thanks Jake!

        Always appreciate hearing your perspective.

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  2. Lolo

    Wow.
    Do you have any wine to go with that cheese?
    Just. Wow.

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    • Jakegint

      I think someday there will be entire Anthropology courses dedicated to the study of Golun & Globus movies.

      Those crazy Israelis really knew how to put out some schlock.

      _____

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  3. toptick114

    We’re scaling out(taking some off the table) a partial SWC here ($ 18+) as its reached our short-term target ($ 18-20) mentioned here in Jan- +80%

    Indeed.

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  4. allan

    whats up with DECK? :)…short opp coming?

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  5. Jakegint

    Well, that’s what I thought, certainly. Unfortunately, it’s been beating my ass on that side of the trade, recently.

    That poor donkey!
    _____

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  6. mrkcbill

    Is there a Grecian Formula for dat Grecian Mess.

    SLW choppin wood

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  7. Cuervos Laugh

    So what market madness would inspire you to link to their “most famous” film, “Breakin 2: Electric Boogaloo”?

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