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I’ve gone full weepin’ Patriotic American soft on this 4th of July evening, just about an hour before by second son achieves the age of Manhood (were we Hebraic, we’d throw a Bar Mitzvah. Instead we’ll just wish for mitzvahs for him). Yes, he’s a 4th of July baby, and full of vim and vinegar and heartbreak, just like America. Right now, he’s set on the Air Force Academy and flying superfast jets.
Next year, who knows? Maybe the seedings of a bad Tom Cruise movie.
But as always, I have hope, and that hope is dependent upon the good people of America, whom I meet every day. None more so than in the marvelous South, God bless it. Wouldn’t it be ironic if they had to secede all over again, this time in the hopes of preserving of Lincoln’s Republic? Stranger things have happened… I passed by Lincoln Memorial University on the way to the beach … and it was in Tennessee.
I must tell you, however, that things feel more connected down here, less amorphous, and even less cynical. Maybe it’s the ocean, or the hermit crabs. More likely it’s the people.
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Enough philosophizing, I have to slay dragons. A nameless droog from Fly’s blog (one who is not even a PPT denizen, curse his eyes), has remarked that we of the gold bug variation are in deep scheiss from this point onward.
I have trouble accepting that prediciton and declare such droog, “asshattish,” in response.
Let’s look at our daily $HUI again, like we did two days back… and see if things have changed much:
I have trouble getting worried about this daily chart. As you can see, we can hit $440 and still be okay, as we have not become totally oversold yet. Still, that doji yesterday tells me we haven’t much to go here.
Meanwhile, our nemesis, the Bernanke Dollar, broke some significant barriers on Friday:
That break of the consolidation zone doesn’t bode well for the dollar ($USD) going forward, even in this low RSI environment. The weekly tells the better tale of broken hearts and broken trends…
New first target? $82.oo. That target should bode well for stocks too. Be well, friends– and Happy 4th to you all.
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Great stuff Jake! Love the Charts.. you do a great job with the tna. Keep up the great work, Happy 4th to you.. and best wishes to your son in the Air Force Academy. May he get a Wing Man as good as Goose 😉
Dave
Thanks Dave. Those guys were Navy, but I’d rather Annapolis, anyway.
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JG,
Lucky for you damned colonial chappies that we didn’t actually realise what was over here, anyway, happy 4th
jog on
duc
Eight years of War and Mr. Burke (bless his sainted soul) in Parliament may have had something to do w. it as well.
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Jake you are the MAN… 1st Tier Blogger…..did somehow your boy get 10 grand transferred out of your account into his? If not it wasn’t BMitzvah….anyway my wife is from Colorado Springs…AF is nice!
You just hate the dern dollar don’t you. Tarp 2,3,4 by 012
I don’t seek to kill the dollar, but to save it.
Your wife is from Christianity Springs and you remain Tribal?
That’s chutzpah! 😉
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Thanks Jake. Happy 4th, and happy birthday to the young man.
Thanks… we celebrated w. pale ales and big balled fireworks, which are wholly legal down here. Great excuse for me to smoke a Montecristo, too.
Huge ass Air Force plane buzzed our beach (bigger than a C-130 ) and waggled it’s wings at us in the afternoon. Most of the people on the beach had U.S. flags, which they waved as it went by, so I’m thinking this is an annual event.
Only in SC, baybee.
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Happy 4th!
http://www.artistdirect.com/nad/window/media/page/listen/0,,4415952,00.html
Nice, thanks!
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