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In the later stages of these “C-level” cyclical bull runs (unfurling within a secular bull run), it often starts to get giddy-gigglyfun, especially with the junior miners, who all begin to pop audibly, like champagne corks, as the end of a run draws near.

Who doesn’t like 8, 9, 10, 11 heck, even 12% moves in one day?  Like [[BAA]] today — who’d have thunk it’d raise from the dead after so many weeks of dormancy?  I mean, besides me?

That’s not quite right… I didn’t know it would take off today, only that it would within the confines of this cyclical bull run.  That’s why I own 20k shares of this and have owned other small miners ( Golden Star Resources Ltd. (USA) [[GSS]] come to mind) in the past.   They are, in essence, unexpiring options at these prices.  

Here’s [[BAA]] on the weekly chart, finally getting some air off the broken downtrend line:

As you can see there’s a lot of room to grow there.  

And here’s Exeter Resource Corp. [[XRA]] which recently spun off a $3 stock [[EXGMA]] , which you’d have to add to it’s current $8 stock price (we bot the consolidated company in the low sixes, remember?).  Weekly:

Despite this junior giving birth to another junior, she seems no worse for wear, and in fact, stronger than ever.

   Keep an eye on these names and others from the small cap portolio (Rubicon Minerals Corp. (USA) [[RBY]] , Golden Star Resources Ltd. (USA) [[GSS]] , [[EXK]] ,  etc.)  as I have a strong suspicion they will continue to break out to our unending joy and to our enemies great chagrin, for a good piece going forward.

Stay vigilant,  and watch [[UUP]] for clues to the immediate future.

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[youtube:http://www.youtube.com/watch?v=zf6s7HTmtyM 450 300] __________________________________
If it’s a schtick, so what?  If it’s an act, who cares? He’s saying what ought to be said.

It’s absolutely a perfect metaphor for our political process that these asshats think they can go after the big banks and securities players while leaving the hot steaming mess of Fannie Mae [[FNM]] and Freddie Mac [[FRE]] for another day and another half trillion dollar bailout.

It has to end, and thank the Lord for big mouths like Rick Santelli who know the game and will call them on it.

As for other heroes….

Allied Nevada Gold Corp. [[ANV]]   Boom!

IAMGOLD Corporation (USA) [[IAG]] Bam!

Golden Star Resources Ltd. (USA) [[GSS]] Shhhhher-pop!

Eldorado Gold Corporation (USA) [[EGO]] — Shazzam!

[[EXK]]   Ker-Pow!

And this is less than half the list…   

Where to watch for a step off?  Easy, I think:

Enjoy, but remain vigilant.  Best to you all.

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Okay, one more… my baby — Silver Wheaton Corp. (USA) [[SLW]]

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In more civilized days, I wouldn’t even have to make a pun title, but these are coarser times and someone might take the original cliche the wrong way, so I’ve made it a drug reference for the weak minded.

No matter, it’s a warning to those of you who would take tonight’s pre-market rebound as reason to snort piles of pink-flake coca products and go long every stock in the Tim Penny Stock Aisle.

My advice, take a more cautionary route and stick with the vehicles that will truly benefit from the near guaranteed inflation of the ECB, now all but certain with this latest package of six jugajillion new Eurotards for the shoring of Greece, Macedonia, Phillipi, the outer Crete Islands, and– as a bonus– Reno, Nevada.

Those vehicles be made of things that glitter and hold their value in a paper mache schit-storm.   Just one I propose tonight is [[EXK]] , which I think is going to lift off again within a day or two.   Note the bouncing at support:

Yes the stochs have not completely turned up yet, as they have w. Silver Wheaton Corp. (USA) [[SLW]] and [[CDE]] which are also eminently buyable, but I think EXK will be a late bloomer like it’s older compadres have been as well.

Another you should keep an eye on is $TRAN king, United Parcel Service, Inc. [[UPS]] .   I think it may be a “first to recover” stock as well, along with the PM sector.  

Be cautious tomorrow, and if you must buy, make it a tangible.  One of my PM pics (Allied Nevada Gold Corp. [[ANV]] an Eldorado Gold Corporation (USA) [[EGO]] are easy) should be considered, but everything in moderation for now.   Let’s see how this shakes out.   Keep an eye on Titanium Metals Corporation [[TIE]] an it’s other heavy metal friends [[TC’]] and Teck Cominco Limited (USA) [[TCK]] for additional possible ads.

My best to you all.

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Yeah, we’re going to flush to the terlet here, with this Goldman Kabuki going on.   And now Merrill is getting into the act, too. 

Big whoop.  Like it’s a shocker that losers are going to try to blame someone else for losing money?

It’s the way of the world.   Blame someone else for your stupidity.   Tell me one thing, though… if you went to that Goldman Sachs trading room back in 2006, how many geniuses on that floor would’ve been betting on John Paulson? 

Yeah, that’s what I thought.  Not even Timmah was betting with Paulson back then.   Hindsight being twenty-twenty, though, let’s throw them all in jail now.   I’ve been in this business 20-years and I could’ve been in it 200… the story remains the same.  Chock full of losers looking to blame someone else.  Step off and take responsibility for your decisions.

Or just get the hell out.

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Meanwhile, Transport leader and king United Parcel Service, Inc. [[UPS]] made a giant move last week and only pulled back a little off of it with Friday’s mess.   Recognize, I believe it will pull back more with this long expected blow off we have expected, and we should experience more of this week.    But I also think it shows we’ve got more to go in this retardiculous (sic) market runup into the 2010 elections.  

Here’s where I think the buypoint for UPS should be:

This should also become a signal to you of when the market as a whole will begin to recover.  The Transports always lead, Charles Dow has yet to be wrong in over 100 years, and he’s been my sherpa for some of the worst market conditions we’ve experienced since the Depression.  

Put your faith in Chuck, watch United Parcel Service, Inc. [[UPS]] and look for gold and silver in extremis.  

My best to you all.

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[youtube:http://www.youtube.com/watch?v=_qO66Rmi1Mw&feature=related 450 300]

Bring it!

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Diiiiiiiiiiiiiiiiiieeeeeeeeee!!!
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Forget about your regular run of the mill “Denningerite-Goldman Sachs” conspiracies, I think there are heavier machinations afoot.  

Let’s take this Old Dominion win over the weurthies (sic) at Golden Domer Land ( that’s “Notre Dame” to you foreign debils).  Obviously someone has spiked the Gatorade in the Southern bracket, as fellow Big East weurthy Villanova needed overtime to dispatch that grab-bag of hirsute and unlaundered ruffians from Robert Morris University (I believe they are the largest providers of “Executive Assistants” in the Western hemisphere).  

No one needs to sniff around long to realize this is all just another  “pad the Duke run” conspiracy, no doubt cooked up by the seminal communist claque at CBS Sports and the villainous Koach Kryszistikanmstlplx of the Permanantly Punched-off Mustachio Society.

As a result of my suspicions, I fear greatly for my Louisville Cardinals, who will play the Bezerkley Cal Bears tomorrow night in their respective Tournament tip off game.   In fact, I have even warned them– via multiple flash texting– to beware the laudanum crystals that will no doubt be sprinkled upon their Soup & Salisbury Steak pre-game meals.    

This would be no coincidence, mind you, as their next opponent is the hated Duke Blue Devils, should both teams advance to the round of 32.   And while the Pukies (sic) are already the beneficiaries of an ill-gained #1 Seed, they will likely take every nefarious precaution short of chain-sawing off the legs of their next opponents and calling it a “freak escalator mishap.”  (And only because they did that last year and don’t want to risk the usual “too coincidental” inquiry). 

I am hoping of course that there is a God in the Heavens who will caffeinate Duke primary opponent Arkansas Pine Bluff’s Cocoa Puffs tomorrow morning and make them the first #16 seed to knock off a #1 in T0urnament history.    The hated Blue Devils are well deserving of the honour (sic).

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In stock land, it looks like I got out of the rest of those June $11 Silver Wheaton Corp. (USA) [[SLW]] calls just in time last night ($5.45) , as it seems stocks are finally going to head into a cycle low here, with the PM miners leading the charge.     Of course I kept 30 of the original 240, just for “esses and geegles.”    I also got rid of the final 60 June $40 [[GDX]] calls at $7.55 this morning as well.

Last, I dumped another 1,000 shs of [[AGQ]] at $57.94 at the open this morning.  I retain a final 1,000 shares out of the original 4k. 

I also dumped 8k of the Pacific Capital Bancorp [[PCBC]] at @ $2.19  with my thanks and a promised steak dinner to brother “Rage in the Cage” , who put me onto this neat little fiduciary a couple of weeks back.  I retain 12k shares for the “free cash money” heck of it.

One last peculiarity I will point out, and take it as you will…

 Despite the pullback in PM stocks, the price of gold has held rather well, and the dollar can only hiccup higher over Grecian death rattling ( [[uup]] up about 17 cent today).   Note also, however, that the “King of the Transports,” a.k.a., “The Mighty Big Brown,” United Parcel Service, Inc. [[UPS]] is enjoying a renaissance in price movement it has not seen since before the 2008 “Year of Black Ddeath.”  

Charles Dow calls out to you from the grave, citizens… will ye listen?

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UPDATE:  GO YE MURRAY STATE RACERS!!   Beat those South’n Commodore Vanderbilt Goofs!

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