How you like DEM appers, Hans Brix??

_________________________

While the [[SPY]] and it’s brothers [[IWM]] and [[DIA]] continue to melt down this morning in a “Wiener Health Care Epiphany” paroxysm of joy, something odd is going on with my usually dour miners.

They are not doing the D-Wave downshuffle along with the greater market.   Usually [[HUI]] and its components, Goldcorp Inc. (USA) [[GG]] , Agnico-Eagle Mines Limited (USA) [[AEM]] , Yamana Gold Inc. (USA) [[AUY]] , Hecla Mining Company [[HL]] , Gold Fields Limited (ADR) [[GFI]] , Kinross Gold Corporation (USA) [[KGC]] and Newmont Mining Corporation [[NEM]] (among others) are getting bashed with the best of them in a dollar up ( [[UUP]]  is one metric) and market down environment.

Could it be that precious markets (and maybe the commodity markets in general) are sniffing out the gut-busting dollar explosion that will result in the fatal pillar of the Welfare State being added to our toxic soup should Obamacare gain some ground in today’s six hour tribute to Castro-style grand-standing?

I dunno, all I know is my babies — Silver Wheaton Corp. (USA) [[SLW]] , Eldorado Gold Corporation (USA) [[EGO]] , [[PAAS]] [[EXK]] , IAMGOLD Corporation (USA) [[IAG]] and Allied Nevada Gold Corp. [[ANV]] are showing some resiliancy here.   Could be that the Hueys are just oversold and resting up for a new sell off, but this action is not compelling me to give up my sammitch-eating marathon as instituted.  

Sure, [[DRR]] is probably a good bet here, as the Euro is a piece of dangling gypsy tchockes (sic) hanging off a sick old Romanian lady’s pleather purse right next to her Molotav-brand cigarette lighter.   But if you think a billion plus in new entitlement spending — let’s call it WienerCare if it passes — is going to strengthen the dollar in this new decade, I have some Jimmy Carter brand dental floss ready for delivery to you upon your immediate call.   Just pay shipping and handling.

Favourite (sic) pick o’ the day — Eldorado Gold Corporation (USA) [[EGO]] .

 _____________________

Comments »

Avast Ye Steam-punk Scalawags!
________________________________________

Looks like the bewigged and wedge-shoed scarlet coats of the Federal Admiralty have thrown down their first frilly gauntlet and taken a shot across our portside bow last evening with a cannon-load of “hot grape” called “quarter point discount rate increase,” in the less civilized quarters of New Orleans and other pirate dens.

Powdered pooftahs that they are, they are already begging our mercy come the morn as we swing our starboard cannon about to rake their pommy sides amid-ships.    Too late for them, and theirs, I’m afraid, as there’s gold in those Admiralty cargo holds and we mean to have it.

Let’s not get all a-sweat and a-lathered, me scurvy dogs.   The thesis has not changed and certainly the Fed is not going to take the “brave man’s step” of setting the Caribbean afire with rum-soaked English scrip whilst our Parliament (of Whores) continues to spend like grog-stupefied wainwrights on barrel-selling day.    No, maties, they seek to confound us with this Mary-move of callow authority.   No man can call his actions bold while pleading apology in the next breath!  

If anything, said grape-shot toss was mere subtrafuge to cover for additional scrip production in yonder Admiralty’s subterranean printing gaols!  What will occupy the Admiralty’s cargo holds for years — baser and baser scrip — will be what ensures our golden Treasures worth! 

So be not a-feared but rather emboldened by the tightness of Rear Admiral Bernanke’s wedgies, and the sagging of his pompadour.  Now is the time to press the hot cutlass to their throats and let roar with musket, grape and cannon.   The battle is near-won, me swabbies.   Let us not then quail at the size of the Admiralty’s frigates, but rather laugh at their frailty — they are made of paper, lads!

_______________________

This day I shall be indulging in all me favourites, but  most especially those in the silver Escudo doubloons, for the price of bonnie silver is racing back up even faster than that of gold.    To that end I shall be indulging in me favourite miners, Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , [[SVM]] , [[PAAS]] and maybe even the worm-bitten dogs [[CDE]] and Hecla Mining Company [[HL]] .   [[AGQ]] is only for the traders, but it may boom off of any pullback here.

Don’t forget me favourite golds either, which number three — Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] and Royal Gold, Inc. [[RGLD]] .   Some dogs that may be opportunities thanks to yesterday’s scare off  could be New Gold Inc. (USA) [[NGD]] , Exeter Resource Corp. [[XRA]] , NovaGold Resources Inc. (USA) [[NG]] and Northgate Minerals Corporation (USA) [[NXG]] , along with Rubicon Minerals Corp. (USA) [[RBY]] and even [[BAA]] .  Of course [[GDX]] is a great purchase if you want a catch all.

I also think the Ag side will continue to stay hot, so any weakness in Monsanto Company [[MON]] , The Andersons, Inc. [[ANDE]] , The Mosaic Company [[MOS]] , and Potash Corp./Saskatchewan (USA) [[POT]] should be seen as an opportunity.  I will likely have more to say on this front.   

Many of you may have seen I chose Cree, Inc. [[CREE]] as my March Madness pick (SLW is too volatile).   I like it and Veeco Instruments Inc. [[VECO]] as my two hottest tech names for the intermediate to long term (the only way I play).  

Best to you all, my hearties, and if anything today — WATCH SILVER — something seems to be “up.”

__________________________

Comments »

Sun, Sun, Sun, Here He Comes…
_______________________________________

Today was golden, metaphorically and physically.  Aye, my purse weighs heavy tonight, good sir. They’ll be more to come, but let’s see what today’s action meant for one of favourite picks.  Today, I examine the daily Allied Nevada Gold Corp. [[ANV]] chart for some near term lessons and targets:

What a difference a day makes, no?  One successful thrust and we are up and out of the consolidation zone once again, and ready to make a run at the early January highs ($16.50 area).   We may get a couple of pullbacks from here, but I think we will proceed to that stated goal relatively quickly before pausing to coil again.

Our friend Baby [[HUI]] is also showing signs of robust life, not two weeks after becoming as oversold as that index had been back in the dark days of November ’08.  

Note how the MACD and the slow stochastic are only just turning up on this weekly chart?  It makes one want to touch one’s staggeringly huge bouffant, doesn’t it?

There’s a lot of run left in this move, I think.   Maybe we’ll even shoot past the recent highs of $520 in this cycle.   With the dollar continuing to flag, and the price of gold holding about $1,120 — I have all the confidence in the world.

Back in the here and now, I continue to like all the precious plays I named in yesterday’s post, and I also like the “N” team, NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] .   My top picks continue to be in silver, and especially Silver Wheaton Corp. (USA) [[SLW]] and [[EXK]] .

I also like the action in my two tech favourites (sic) today, Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] .   I actually attended a venture capital presentation this afternoon on nanotechnology that blew my socks off.   This new company’s first major customer was Veeco.   I think that may be a sign, I dunno.

On the “other metals” area — the three T’s will be strong with steel ripping.   Don’t forget Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] , and Titanium Metals Corporation [[TIE]] , as well as RTI International Metals, Inc. [[RTI]] , which has moved nicely in the last year or so. 

Finally, I would be remiss if I left off my two platinum blondes [[PAL]] and [[PTM]] .   Buy these and get a year’s subscription to Lady GaGa Magazine.   It won’t disappoint.

Your faithful servant in the Reign of the Sun King,

Jake.

Comments »

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

Wait for 1:43 for the transcendent beauty to begin.   Then go out and procure your child cello lessons.

_________________________________

Who’s sick of this damn winter already? I sure am.   Someone sold me a story about moving to the South some years ago, but I think I’m going to apply for a refund.  We had zero snow last year (sticking wise) and I bet we’ve had 25-30 inches this year.   And the cold!  The damnable cold!   I could almost handle the snow if it didn’t come with this extra serving of Canadian Clipper.  

Enough already! 

But that brings me to a super nova of my own making.  It’s called my portfolio, and you are welcome to bask in it’s awesome radiation.   The dollar (DXY) is down 17 cent to $80.16 (use [[UUP]] as your proxy here), and the price of gold (“POG”) is up well over $1,100 to $1,109.10.    If we get to $1,120 on the POG, we will be off to the races.

Mind you, I think we’re already off.   I’m already locked and loaded, and if you’ve been following this blog over the last three plus weeks, you’re likely ready as well.   If not, and you’re still looking for some last minute shopping, here again are my two favourites (sic)…

First the Gold Standard, Allied Nevada Gold Corp. [[ANV]] :

Note, I’m using the weekly’s here because these are long termers for me.  You can also see that the last two weeks has been giving us the signal in both names.  

My silver goddess has been and continues to be Silver Wheaton Corp. (USA) [[SLW]] .   This chart is even prettier than the previous:

It’s late so I’ll bid you adieu.   Here’s to a great week, and a great month in the PM’s.    These gems are just two of many that I believe will run in the next several weeks.  I also look for Royal Gold, Inc. [[RGLD]] , Eldorado Gold Corporation (USA) [[EGO]] and IAMGOLD Corporation (USA) [[IAG]] on the gold front, and [[EXK]] , [[SVM]] and [[PAAS]] on the silver.

Best to you all.

__________________________________________

Comments »

 [youtube:http://www.youtube.com/watch?v=-ERnT1X9HPw 450 300]

A Song for the Times?
___________________________________

Well, so much for Helicopter Ben’s New York Times- abetted “tightening” kabuki theater act.

Did you enjoy it?  I hear he’s been studying at the New School.

I dunno, maybe the guys down at Goldman called Bernanke up last night and asked him for some help in getting out of their Euro shorts, since DXY (sorry, no quote yet — see? [[DXY]] ) had run up to about $80.30 today by lunch time, only to tuck tail and (Black?) swan dive right back down to $80 flat just in time for Benjamin’s Jawboning routine at 2:15 pm. 

That particular bit of mummery and prestidigitation must’ve in turn convinced at least one or two bag-holding kaftan merchants from Milwaukee to buy dollars again, because the dollar index got all the way to $80.10 by late afternoon, giving us all that familiar “blah” feeling at the close.

All pretense seems to have dropped away after the stock mavens went home, however, and the dollar is now (as of 12:36 am Eastern) trading back down to yesterday’s low’s at about $79.74, looking at a “next stop” of about $79.50, and then $79 even.     Party on, Garth (and Darth… Vadon, that is).

These incipient moves should be enough to get our rally on in the gold and silver sector, not to mention our other hard currency equivalents including earl, natural gas, and the specialty metals.   I was extremely busy today and I apologize, but my punishment was not being able to add much to the portfolio, although I would’ve loved to finish my Allied Nevada Gold Corp. [[ANV]] accumulation today.   I am quite sure it will be more dear tomorrow.  

I was able to add 60 more June $40 [[GDX]] calls at $5.80.   They were a standing order, and I think I may have been able to get them even cheaper, but beggars, chooser, etc. etc.   I now have total 120 of those $40 June strike calls, and I think I’m done there.  

 The rest of my exposure will remain in liquid equities, and I hope to add to positions tomorrow in the usual suspects, and perhaps some NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] .   I also like Exeter Resource Corp. [[XRA]] ‘s relative strength as of late.  

For silver I may dip my toe in the Chanci selection — [[SVM]] , as I’ve admired their price action recently.  I may also look to grab some additional [[PAAS]] .   If [[CDE]] stalls in the early trade, I may also add to that one.

Platinum is reviving tonight along with its brethren, so don’t forget about [[PTM]] and [[PAL]] . 

On the non-precious side, I may grab some [[ERX]] for a ride similar to that of [[AGQ]] .   I also continue to like Petroleo Brasileiro SA (ADR) [[PBR]] and Occidental Petroleum Corporation [[OXY]] .    I also happen to think SandRidge Energy Inc. [[SD]] is undervalued here, and it is a perennial favourite (sic) of The PPT .

Last, don’t forget Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and Titanium Metals Corporation [[TIE]] in the specialty metal names, and Sociedad Quimica y Minera (ADR) [[SQM]] , as their lithium is a bargain here as well.    I expect tomorrow will be a good day for we merry shipmates of the U.S.S Jackson.

All aboard!

______________________________________

Comments »

 

Truck O’ Molten Assets
______________________________________________________
That beeping sound you hear is me backing up the truck, and grabbing some more lovely PM positions as the sun goes down on this day of dollar death.

I’ve mentioned that I love Allied Nevada Gold Corp. [[ANV]] for the long term, almost as much as I like Silver Wheaton Corp. (USA) [[SLW]] on the silver side. IAMGOLD Corporation (USA) [[IAG]] and Eldorado Gold Corporation (USA) [[EGO]] cannot be ignored here either.   They are running on Greek kisses and Spanish wishes, but so what?   With the dollar (DXY) and it’s proxy, [[UUP]]   down 53 cents and 17 cents, respectively, as we speak, I think we may have that turn in the dollar we were looking for at last.  If we continue to stay below that magical $80.20 line, I’ll be even more sure of it.

Let’s face it folks, it would be great if the European Central Bank could maintain this Teutonic “austerity” charade with regard to it’s wayward little brothers to the South,  but the fact is, if they want to keep their phony baloney Starfleet Federation currency trading with any credibility, they will have to continue to subsidize the mistakes of the least common denominators.    And yes, this seems anti-intuitive, to save the Euro by weakening it with these bailouts, but the fact is the world markets prefer stability to necessary nut cutting.

Truth is, the Germans will some day emit a huge sigh of relief when they get their beloved Deutschmark back and they can once again run rampant over the rest of the Europe in currency blitzkrieg, if not via their formerly preferred method of  “Large Iron Rolling.”    Until then, they will stubbornly continue to try to make this European Union thing work,  and cope with continuing annoyance at those who would rather hang out in the sun, drink Ouzo  and go sailing, whilst dancing the mazurka and opening large menu diners.

All this brings me back to the punch bowl party over on this side of the pond.  With the Euro saved,  for this week at least, the robots at Goldman Sachs have been re-programmed to short the dollar and buy Barbie dolls and other such Mattel, Inc. [[MAT]] toys — Hasbro, Inc. [[HAS]] anyone?

We, the proleteriat, can now come back down off our panic chairs and continue with our most profitable line of employment — namely, fondling gold bars until their corners go smooth and sucking on silver ingot lozenges until our colds go away.

I continue to love, and accumulate the above mentioned names, and in addition I am grabbing, as I type (with my other hand) some [[EXK]] , Royal Gold, Inc. [[RGLD]] , Exeter Resource Corp. [[XRA]] and the “N’s” — NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] .   

Last but not least, I like lithium (you know why, don’t you?) in Sociedad Quimica y Minera (ADR) [[SQM]]  , and I like to say “molybdenum” ten times frontways and then ten times backways.   If Thompson Creek Metals Company, Inc. [[TC]] is not bought out by the likes of BHP Billiton Limited (ADR) [[BHP]] or Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]] or even Teck Cominco Limited (USA) [[TCK]] (its fellow Jackson) within two years, then I’ll be greatly surprised unto paralysis.

Peace be upon you, my brethren, as our plan “comes together, right now, over me.”

________________________

Comments »