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I know, I know…  I’ve claimed “I’m busy” many times to you but I will do so once again.  I am truly burning the candle at both ends, Breitbart-style, and it’s going to have to stop.  I may have to take a leave of absence until I can get some of these deals through the chute over the next couple of months.  Work is literally coming through the door at an unprecedented pace, and it’s beginning to get slightly out of hand.  I’m not sure if it’s Obama Panic or Demographic Destiny, but people who own quality companies are throwing their hands up and saying “get me out” like a pack of dachshunds in a Pringles cannery. It’s never been like this in my memory, and most of my career has taken place in the warm sun of a bull market.

But it’s not like a bull market selling environment, despite the hefty buyers interest out there.  The shareholders’ optimism is no longer there.  Instead of my having to fight clients into viewing business as a cycle and not a permanent slope to heaven, now I have to “sell, sell, sell!” like Cramer on airplane glue, because the end is near, and it’s awful to behold.

I’m not going to complain, truly as there are many many buyers with cash out there — also more than I’ve ever seen.  Until that pool attenuates my job is easier than it has been in the past, despite the macroeconomic conditions.   It’s even fun.  I just hope I can make it through to the finish on all of it….

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But on the stock side, I’m munching a Prosperity Sandwich, while waiting to see if my $HUI resolves itself here.   So far, the silver precious has held up decently, even as the dollar has rebounded back above $79.  In the meantime, the $HUI stays in it’s channel (and will do so even below $500), and perhaps touches the lower edge again.  Remains to be seen.  I’m doing nothing, and I’ve still got 40% of my cash to throw at something, or maybe nothing.  It’s nice to have opportunities…

Let’s keep our eyes open.  If the dollar cranks any higher, it could have ill effect on our miners.  Below $490 on the $HUI could be time to retract, and perhaps even edge.  Eyes front, and on the road.

Best to you all.

By A. E. Housman

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It was a little ironic the other day, I’ll admit, when I recommended the BAA trade for a “$5 Roll” (since successful) and was chided by commentator “Po Pimp” for a past recommendation that had also at one point promised a permanent place in “big boy stock” stock land north of $5.  That stock was AAU, if any attentive readers recall, and it only barely made it to $5.00 in late April of last year before stumbling and finally dropping to $2.00 by the doldrum period of last December.

I of course still owned AAU at the time of Po’s razzing, but hadn’t really studied the chart in a while.  That challenge, however, had me take another look, and what I saw last week was a stock also breaking out of a consolidation zone, just as BAA had done. Look at the weekly to see how we were breaking (even last week, if you look at the shorter candle before the present one forming this week) from a congestion zone and from an intermediate term down-channel.

Last week’s promise confirmed today, when AAU surged over 15% on huge volume.  I don’t even know what the news was that drove this rocket today, and it could even just be a result of pent up demand.  One thing I do know is that this is happening more and more with the juniors, and I don’t expect it to stop very soon.   The dollar remains under pressure, as well.  I think we’ll get some continuation here, at least.

And maybe…. moooooore!

Go have a box wine tonight, on old Uncle Jake, it can’t hurt none.   I also like CDE , AG, MVG and EXK here.

My best to you all.

[youtube:http://www.youtube.com/watch?v=bc80tFJpTuo&feature=related 450 300]

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I’ve never been abashed by my love for the Trannies, nor my love for Charles Dow, who employed them to great effect in his famous theory.  Some of us were dismayed to the see the Trannies pulling back while the rest of the market soared.  My contention is the Trannies were just leading, and took their pause first.

Note this weekly Tranny chart which shows the sector sticking the landing on the 13-week EMA, and showing stochastic signs of a rebound:

Now check out the action on my favourite Tranny of them all… Ms. UPS!

And here’s the daily, which also says, “come to supper.”

I think we are about to take off again, overall market wise… but maybe not before our Transport lovelies have blazed the path.  My best to you all.

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Congrats to #6 and especially Mrs. #6, who did all the work on their first little bambino, let’s call her “One Sixth.”

Hopefully, this nice young couple will recognize soon that NYC is a great place for getting one’s windshield involuntarily  squeegeed for a dollar, or for getting your carbon credit fix on by taking the sweaty summer #4 train uptown instead of a cab.

For raising sweet young things, however?  Well…

Anyway, God bless and good luck, she’s beautiful.

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I’m a bit ambivalent about the precious this week.  I think we’ll continue to do well here, but I’ll probably start taking some profits this week as well.   No need to get too greedy.

As far as what I’m looking at, I’m surveying that nasty old sugar name, IPSU again.  Why?  For no other reason than that it’s taking the commodity train up again.   If it breaks through this resistance here, it might be well worth taking on a position once again:

My best to you all, and God bless the little children.

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Really, I’m spoiling you.  It’s not going to be like this all the time, so pay attention.  A lot of these little smoking grenades are launching right now, but not all of them (cf. the BRD is a word, a bad word, like PHUCK!).  Don’t be afraid to bring up suggestions in the forum, but right now, I’m only recommending what I’m recommending because I feel good about what the chart looks like in a rising miner environment.

Take PZG as an example.  I haven’t talked a whole lot about it in a while, but I like it right now.  Here’s the weekly, finally breaking out of a medium term downtrend:

Now check out the daily.  See how it’s right against the breakout, much like BAA the other day?  That means your decision will be relatively easy tomorrow, right?

Just wait for it to break that upper triangle line.  If it does not… well, you’ve got some more time to wait, that’s all.  You can turn your attention back to the psycho silver market which is blowing up as we speak.  AGQ, SLW, AG, EXK, MVG, heck even CDE and PAAS and SSRI are fair game at this point.   Of course, SIL will obviate any decision making, much like GDX on the gold side.

Enjoy this time, my friends.

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