Dollar Bomb, Silver’s On

 

Can you handle it?

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Not as well known a ditty as “Red sun at night, sailor’s delight,” but far more remunerative.  

First, my apologies for not being able to interact last night save by teeny tiny Crackberry screen, which after a day of meetings off-site (I am on the coast now), left my weary eyes strained.   I’ve never actually attempted to post from a hand-held device, save for comments, and I’m wondering if any of my fellow bloggers have. 

No matter, I’m here briefly to let you know we are at an inflection point, in case you haven’t noticed.  The dollar has broken some significant support levels at $82, and I think it’s next stop — and quickly there- will be $80.   I think old Ben has finally gone and done it and broken the bank.  Your only respite will be equities an precious metals in the near term.   For the long term it will be only the latter, I’m afraid. 

In the meantime, as it always seems to happen, I am enjoying “large phallused gains” in almost every category of my holdings, but none more so than the precious, and specifically silver and gold.   One of my correspondants was wondering about possibly putting on some more IAG exposure for the short term rebound.  Now would be that time, young chappo. 

Also, all the silver gods and dogs should move today and through this expansion as silver has easily crushed the $20 resistance mark and is now back on its way to all time highs.  I may take this opportunity to add some leverage to my holding through some DEC call action on SLW.  I may add also to some “permanent options” like EXK and GSS.

In short, the PM’s are like fat, slow blind juicy turkeys out there and you are armed with a blunderbuss on the third week of November.  Go forth pilgrim, and pacify.

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