[youtube:http://www.youtube.com/watch?v=2JgYuQ4hLxo&feature=related 450 300] ________________________
It’s Ash Wednesday today, and I’m not sure that I’ve been sufficiently penitent, so I’ll leave off the gloating about the big win on yesterday’s pick, BAA.  Suffice it to say that choosing from the juniors yesterday was like throwing a phosphorous grenade into a bucket of comatose darter snails… not very sporting.

But effective, for sure.  I’ll just wrap with my view on where BAA looks like it can be bought again:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’m also stalking AAU, here and some more AUY, but that’ll probably not be ripe til next week sometime.  The latter is my Final Four choice, however, so if you want to buy some on Friday, I’d be obliged to ye.

But it”s not just the metal that’s been golden these days, it’s been ag products as well.  I stumbled across an old Cincicrappie name I used to follow (they are now moving to Charlotte, I hear) — Chiquita Banana (CQB) .  This one’s been working itself back along with a bunch of other beat down ags, and who knows, maybe moving out of Ohio means it has a new lease on life?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whatever the case, I like it at just a touch above that $9.75 support line.   See you there.

My best to you all, my banana burritos.

Comments »

___________________________

Yes Sir, Yes Sir, three bags full.

One for my Master,

One for the Maid,

And One for Le Docteur Who’s Sprawled on Butter Biers down le Lane.

_______________________

I’ve scanned the bulk of  the stocks that I follow, and save for the ones that have been ruthless stolen by my fellow bloggers, I do believe that BAA-BAA Black Sheep presents the best opportunity for profit going forward.

Note what I’d remarked earlier about this stock’s flirtation with $5.00, and how, like EXK finally did, it would one day break that barrier for once and all?

Well I believe that time has come.  Come, see the violence inherent in the system:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

And here’s the daily, which also seems to indicate we are on solid ground, and probably will not rest for another quarter or so…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I also like AUY, XRA and EGO here as soon as tomorrow.  Lots of stuff will be popping, however, so keep your eyes open along with your coin purse.

Best to you.

___________________________

Comments »

_______________________________ 

Please do not take my lack of attendance here as proof that I do not love you.  The truth is, I’ve never left you…

All through my wild days…

My mad existence.  

 I’ll keep my promise, if you keep your distance.

(and scene). 

PS — Anyone who watched WPIX-11 as a kid in Noo Yawk knows that song by heart, if only by dint of it was the only commercial that ever played weekday afternoons between the Brady Bunch and Star Trek.   Ah, teevee, my beloved babysitter!   That’s what’s wrong w. kids these days, btw.  Not enough teevee.

______________________

A quick repair to the dollar charts.  It seems as if old man dollar is trying to ruin everyone’s Mardis Gras by busting a move here, late Monday afternoon.  Problem is, he’s got nowhere to go.   Gold, silver, frankincense and myrhh have all sold down the last couple of days, just in time for the U.S. dollar to finally make it’s last hurrah, and look!  …

Nowhere to go:

 

 You want to fight City Hall run by the Bernank? You might as well try to fight Madonna with Whitney Houston’s Baftub.   Your arms are just too short.  Let’s see… $HUI is just about done cycling down, and the dollar’s got a date with $79.80 or so.  

As far as I’m concerned, you have your instructions.

Best to you all.

______________________

Comments »

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

________________________________________________

The glow has begun to abate and I am back in the loving embrace of my immediate nuclear family again.

And away from that drunken sot of a brother of . Away from his fistful of aluminum bottles and his near-magical affinity for attracting state troopers at the exact wrong time.

It was great to check the Superbowl box off the bucket list, however, especially given the “down to the wire” exigency of the finale, though I think my stomach could cope better with a blowout (on either team’s part).  It was also excellent to do it with family, too… with a guy I’d been going to Giant games with since we were little kids.  I’m only disappointed that babies kept two brothers away and Vegas the third, because I think Dad would have liked all of us to be together in these seats I found.  Seats that were so eerily close to where we all used to sit in the old stadium… where Dad used to sit.

I had a hellacious day at work today because I’ve really got no time to be taking even weekends off, never mind the odd Superbowl Monday I used for travel and “recovery” yesterday.  But things are hopping right now, thanks to this current odd mixture of liquidity and nervousness.   A lot of shareholders are taking the money and running these days, deciding discretion is the better part of valor.

But Ben keeps the presses moist and full of fresh green paper, because after all this is an Election Year.  And a year when the Giants are Superbowl Champs.

It’s only February, but this really is shaping up to be a magical year already, no?

______________________

No position changes today.  I might even add tomorrow if the dollar continues to break down, however.  My March Madness pick is the previously mentioned AUX gold stock, btw.  I hope you will join The PPT to participate.

My best to you all, and thanks for your patience and indulgence.

Comments »

_______________________________________

It’s not surprising that when gold and silver and the rare earth metals begin to take off, the other commodities begin to show perky life as well. “b

In one case, the “black gold” coal commodity play is beginning to take off again.   Consequently, I’m going to reintroduce a rocket that failed on me recently, but which I am willing to give another try given it’s action the last couple of days.  That rocket is the mercurial  PCX (Patriot Coal):

Who says I don’t like to pick the Patriots?  Heh.

Next I’m going to look at another old gold favourite NGD which has finally broken out (two weeks ago now) and is looking to at least equal old time highs:

 

Those more recent highs are at $14.  I think we consolidate there and get ready to dig clams immediately upon resumption of the up move.

My last chart should be familiar as I posted it just the other day.  It appears my call on REE at the $6.05 pullback was a correuct one  and now REE has broken resistance after a short consolidation.

 

Not quite sure how far this one will launch this late in the cycle, but I think that all the rare earth metals will continue to rally.  REE is one of your stronger plays in this space.

My best to you all, and good night.  I’m feeling zombie-tired and I need to store energy for the SuperBowl.

______________________

 

 

Comments »

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gentlemen, Start Your Engines!

__________________________

I don’t generally do the intentionally provocative headline unless I’m trying to get your attention.  And usually, I’m only trying to get your serious attention on the breaking political stuff.  Very rarely do I pound the table on the market picks, unless I think we’ve entered a special “sweet zone” where we should collectively be taking advantage.

I believe this may be one of those times.

Let’s start with the commodity gold ($GOLD) weekly chart to show where it all began last week.  I’m going to use the weeklies on all of these mostly to show the consolidations and the breakouts, and also to show how much room this thing still has to run before it gets RSI oversold.   The gold weekly broke out of a consolidation flag that has been forming since September:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Now let’s look at silver, via the double silver ETF $AGQ, where we are back above that first resistance support line after undergoing an RSI-divergence (again) since September:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last, let’s have a look at the gold bug index $HUI which shows us what’s going on with the major miners.  Note that we’ve been in a consolidating channel for almost 17 months now, and we have taken off from the most recent bottoming with a strong weekly push:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I think that failed channel breakout from early September that has now consolidated into a flag pattern within the larger horizontal channel means that Baby $HUI is readying itself for a final breakout to the next level.  Again, the abundant room left in the RSI and the other stochastics also give me some comfort here.

Now there’s a lot of room to make money in a cornucopia of names here, and– again– I’m showing you the weeklies to indicate that there’s time left for you here, especially in the traditionally strong names like AG, EXK, SLW, ANV, AUY, and even the larger players like GG and ABX.  If you are not in any of them yet, then I would certainly make sure I had a position in SIL, GDX and GDXJ in order to cover the industry as completely as possible.

As for my favorites right now, I’ll give you a couple that I think you can buy “rain or shine” tomorrow because they’ve got so much “mo” behind them right now.  The first is my long time favorite and Jacksonian, RGLD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Again, there’s just so much power in that lift off the floor.  You can wait, of course, to see if we break out of that triangle, but I think that volume and price action from last week are indicating that we may get out of it as early as this week.

My other “immediate” pick is Alexco Resource Co (AXU), which I have not mentioned in at least a year.  Alexco, however is betraying a consolidation pattern almost as toothsome as the one AUY broke out of late last year.  As you can see, this one’s bumping it’s head on the hypotenuse ceiling of that triangle.  I think with anything close to the volume of last week, that ceiling is history.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy, and partake, if you like.  Despite the temporary winds against us right now, I don’t think we’ve seen an opportunity like this in almost 18 months.  Make hay while that sun still shines.

Best to you all.

_____________________________

 

Comments »