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I’ve been in a frustration rage all night, dealing with a specific teacher from my kid’s new school.  I knew this clown was going to be trouble when we were ushered into his classroom on “Parent-Teacher Intro Night.”

First sign of a problem– his advanced (freshman) Biology classroom is festooned with Star Wars and Lord of the Rings paraphenalia.  It’s so chock-a-block with Lucasfilm and Tolkien goo-gaws that you get to mixing up your Yodas and your Gollums as your eye flits from poster to plasticine sculpture to quarter-scale Death Star diorama.

Now don’t get me wrong, I’m as big a nostalgia geek as the next guy, but when a dude who is supposed to be in a position of authority starts taking on the trappings of his 14-year old charges in an “I’m gonna be your buddy, see?” fashion, my inner alarm-bells start ringing.

And of course this decorating style, along with his “wildly enthusiastic wide-eyed and energized” schtick is all just a big passive- aggressive foil. You see, he’s really been put on the planet to show all these AP-level kids how freaking lazy they’ve been all their lives and what a real boot-camp ass-kicking class is like, courtesy of his over-caffeinated, Napoleanic personality.  You see, they may all be going places, but this day, they’re his!

But that’s not the worst of it.  The worst is his bizarre insistence on using all these notoriously buggy “cloud computing” academic “aides” in order to process simple things like homework essays. 

So if have been stupid enough to encourage your kid to read books and play sports instead of staying in his roomand learning to dissasemble his PC (blindfolded),  guess who become the guinea pig in the great “figure out how this new-fangled 64-bit double-key encrypted 16 password entry bullshit works” process?

Hint — it’s not dear old Mom.

So here I am writing my post at post-midnight because I spent much of the evening visiting 53 separate websites and checking nine different on-line syllabus entries to find the proper “log-in information” so my son could submit his quotidian two page homework essay “the modern way.”

In case you were wondering (I know you are lock-jawed asleep right now),  that way was “late” — as we didn’t get it into the bullshit cloud computing thingamijig (it allegedly checks for plagiarization, spooky, no?) until after the 10 pm deadline.

So I just e-mailed the damn paper to the geeky homunculus, 1998-style.  I am hoping he bitches me out about it.  Look for the results in the local paper, “Violent Crimes, unsolved” — section.

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The Dollar is down below $81, as forewarned, thanks to Ben doing as much cocaine as my son’s Bio teacher, and now the buck looks headed for the “neckline” of a pretty dismal head and shoulders pattern.  More important to me than that (imho) bogus pattern is the return to the 38.2% fibonacci level after bouncing off it once already and not quite making it all the way to the 61.8% only to feel the tug of gravity all over again.

This second return may force the break we’ve been talking about, or it may simply be grounds for another bounce. Because of the relative overbot nature of my silver and gold plays, I’m hedging right now for the latter, but I will not rule out the former. Check the dollar weekly (weakly?) one more time and see if you can see a near term return to the $77-78 level in its future:

Yours in the fight against overzealous teacher-tyranny,

Jake.

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[youtube:http://www.youtube.com/watch?v=_7R1_4h3kg0 450 300]

Mystery Solved Re: Fly’s Love for Wu Tang?

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Stung by yellow-jackets on Sat-ta-day, ruined by late night inept Giants football at hostile Lukoil Stadium on Sunday, yet still I rally with room to spare for the big city meeting with the mystery ex-pro ball player and current mutliple centimillionaire.  Could be one of my biggest deals since I moved South. (drum roll)

I’m so hood, I just can’t help it, dammit.

And what’s more, the market continued to rally, including my goldbug darling ANV, much to my re-hedged chagrin.  Thanks to my selling the calls on Friday, today’s almost $1.40 (5.3%) move felt a lot more like an $0.40 move.  Ah well, we can’t all be supreme market timers can we?

I also hedged about 60% of my SLW position on Friday, but she was largely flat today.   I do expect both names to climb back down the ladder very soon.  I won’t even bother showing you ANV’s chart, but suffice it to say it looks like an arborist standing on a stepladder that’s perched on the radio tower attached to the roof dome of the Chrysler Building.   Now if  that stock gets bought out tomorrow, you will probably hear me howling in Canarsie tonight, and the Maldives.

All hedges aside, I was still up about 0.5% today, and the market is looking vaguely dispeptic.  Tomorrow the Fed will send us into choleric spasms of one form or another, I’ve no doubt, and you know I’ll be watching the dollar for another breakdown from the $81 mark, like we briefly saw the other day.

That could set us off again to bulltard land, as I’ve been trying to relay to the agnostic bearish among us.   What’s more, f we do look like it’s run-time, it won’t just be the metals.   Yes, ENTR looks like it’s coiling for another sky-blast too.  And if you still have CMI, well, keep it as well, ey?

Best to you all, my wooties.

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Not quite Infinity… but Bloody Close!

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Much to the bear-shitters’ chagrin, gold is continuing to break out.   Don’t believe me?  Look for yourself (see below).  My target is a bit past $1,300 per ounce for the near term, and then we should finally get some pullback.   At least, that’s what I’m hoping for because I’ve started hedging my ANV and this could get enraging if it continues to march skyward.   Here’s the gold price daily:

 

Crazy, no?  Well you should see silver, which has contracted it’s egregious price ratio with gold, but still stands well over 50x at 56x+ the price of gold.   Better than the 70x+ it was stalled at when I was screaming at you to buy it, but then, the world need bearded ditch diggers too, doesn’t it?

I also see a pullback coming in the miners, which will largely coincide with the near-term top in gold projected above.  The $HUI is really just a hairsbreadth from all time highs, and it too will likley break those highs before pulling back and making new bulls scream.  Note the pretty pictures:

This has been a fun ride, hasn’t it?  Who knows, maybe the Tea Party will toss all the Dems out of Congress on Nov 3rd and start their first session by making the official currency a one ounce U.S. coin with the Dog Sledder’s likeness on one side and a large glass of bourbon on the other? 

One can dream can’t one?   Best to you, my fellow idealists for liberty.

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Ironic commentary from left-wack0 Ted Rall, circa November 2008.

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Just a quick, drive-by Mac-10 gloat on some of these magnificent late summer calls, right in the middle of the doom-and-gloom apoplexy, I might add.

If I were gloating.

Which I am, to some extent.  Just to review, SLW is still my favourite precious metal stock, but even I– with my already naturally large head– have to step back in awe and admiration at this ANV 200-day touch call. 

If you missed it, don’t feel bad, as I made a much bigger deal of it amongst the refined moneyed gentlemen of The PPT.  If they missed it, well, I blame the Monsieur, who hates l’or for some odd reason.

I only hope he does not feel the same about l’argent, and that he breaks from his stubborn bear-shitterishness soon, and joins the rest of the crewe in rich bloggy coin banquing. 

And just in case you think the condition of my cup over-flowething is just a shiny metal condition, check out what this other Jacksonian has been doing as of late.  Can you say BTFO, Mister ANDE?

And yes, that’s a $47.00 target… near term indeuuuuud!

Now stop being such a piker and join The PPT.  We need more Precious Pride in that forum anyway.  Why let old Hawaii Five-O and East Hampton Brucie get all the glory?  That’s just unfairness, plain and simple.

Best to you all.

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Coupe la tête?

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Quite a day today, non?  Up another 3% and looking for more, despite the heinous allegations made by some of the ultimate Louis the XVI exit of our precious metals bull.

A vicious canard, but forgivable given the circumstances of the day.

And don’t believe a word out of those frenzied (and way late) hugger-muggers in the Japanese Ministery of Finance.  Who do they think they are kidding “intervening” in the rheaming (sic) of the U.S. greenback?   What effrontery!  All the fools do is make a mint for those fading them.  Why George Soros– the rosy-nosed blaggard– will finance half the New York electoral ticket on this move alone!

What’s our friend Baby Huey say about how close we are to “fini” on this move?  You tell me:

And one to look at for the coming Santa ride…

 

$50 looks like a nice entry if your thinking of it…

Enjoy the good days, and be well.

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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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