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Market Discussion

Saved by Zero

[youtube:http://www.youtube.com/watch?v=v2ktVjSFjuQ 450 300]

(Rhymes w. “Nero”)

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Just remember, the same zirp bullshit that is going to tear the bearshitters a new one tomorrow is the same zirp bullshit that’s going to create an even bigger bear that’s going to eat your puppies come late fourth quarter. 

There are few places to hide.   Keep an eye on this one:

Bernanke thinks maybe you can be saved by zero.  You know better though, don’t you?

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Viva Le Boycotte Francais!

French babe

Apologies, Madmoiselle, you are not welcome here!  Allez!
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Word has come down from on high: Le français est interdit!!

Many apologies to those who may enjoy the French, or the French Canuckistanians who often drop by in passing, as their langue – il est “banned.”

Le langue d’amour is especially verboten (no worries, that’s la langue Allemande) in association with mention of large, arse-kicking, three-digit wins in such names as ENTR, SQM and CMI.  No more, mon Capitain.

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Pay attention now, because this is important.  Flibberty gibbeting about with “we’re crashing, no, we’re rocketing” is fun, if you have the time, but paying attention to secular bulls on pullback pays cash money every time.  

Right now is one of those times.  Gnashing your teeth about missing the (oft-preambled) stratospheric rise in ANV and SLW?  Curious about RGLD and EXK?   PAAS and EGO?  

Now is your time to step up and contribute to your  fortune.   Stop screwing around and get serious already.

That is all.

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The Hedge of the Gods

 indeudd!

Indeuuuuuuud!

 
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Monsieur Le Docteur (actual footage above) was toiling away in his mad scientists’ lab today in The PPT (located in a secure concrete and steel rebar-reinforced bunker buried deep beneath the last tree in Bed Stuy), and he came across a fantastic discovery that may very well account for the vast amount of winship I’ve been experiencing during this nine plus year secular gold bull.

Specifically, he reported this:

During all previous Oversold cycles (2.30 and below to 3.00) GLD traded up 85% of the time for an avg. return of 3.5%.  Best performer was IVN.

and even more curious, he finished with this additional information:

During Overbought cycles, GLD still went up 70% of the time for avg return of 0.76%

Could this be the very Grail that poor, waylaid Noble Sir Timmah was looking for?  The contrarian never-fail end to his troubles? 

I dunno, somehow I think he’d find a way to screw even this much up, but you never know.  Meanwhile, here’s IVN — the “oversold Tiger” mentioned above.   Ironically, I own little of this.  But then, I don’t high-volume trade much either:

Look upon the beneficence that The PPT showers upon you with the occasional freebie above.    Keep in mind, this is but one treasure from the horde of information waiting to be extracted from that pristine and beautiful engine.   How can you be so Pennywise a clown to eschew The PPT while risking a stark and foolish pounding?

Make haste, haste to give him laud, the Mage, the Fly of Harami!

That is all, carry on.

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Love’s Labour (Sic) Lost

 Christina Labour Day

No, not that.

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I hope you all had a fine Labour Day Weekend.   I spent mine fending off a myriad of stressful “deep nature” day trips (with all the kids) whilst trying to cajole–via overheating Crackberry Storm II — both clients and adversaries into a proper canvas and balsa-wood box which I plan to nail shut tomorrow morning and mail to Zambia, postage due.

True, I do this stuff because I love it, but I also do it for Barak and his indigent health care plan.   I want to make sure that shit is well stocked as it launches off the pier.

Given that The PPT is indicating at least a near term pullback, perhaps as early as tomorrow morning, I figure I’d take a look at some loooooonger term plays out there that may be worth taking a pinch of snuff and blowing some loose cash on.

Said loose cash should be in abundance as you all are reaping big gains from the TNA sales you’ve been harvesting as The PPT has directed you, yes?   

Or you’ve at least salted away a couple of dollars by following my direction in ANV or SLW in the last six weeks, am I correuct (sic), sieur?

No?

No matter, as I’ve always got more to give, though it’s questionable whether you deserve it or not…  I think at least two of the following three will work going forward to Christmas, or at least the time of the Turkey gods.  Let’s see if  you can figure out which I think are the best.   First, our recent wilting lady, CREE in a monthly chart:

Then there’s her somewhat zany half brother in the LED poison industry, VECO:

Then, just for giggles… there’s that one I told you to hold until you were a grandmother, or similar benevolant adult figure.  It really doesn’t need much comment:

Don’t lament that you were not here at the beginning of the bull in precious metals.  Rather, take advantage of a trend that still lives.   Andgo ahead,  fool around with a couple or three tech names as well, but be cautious, as those should be shorter term plays (within this year) than the PM’s.

Best to you all, and Happy Labours.   Try to keep hold off some of it, eh?

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Are You Guys Watching This?

 Lovely Christina

No, Not That

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We’ve been talking about gold knocking da boots all through the summer and largely ignoring the August of Despair the lot of you have been whinging about for the better part of six weeks.   And, it is treu (sic) that Jake favourite (sic) ANV has been rocking the world since that bounce off the 200 day EMA ($16.00), closing today up well over 50%  from there at $24.48.    Sure, IAG and EGO have been ripping nicely along as well since that call.

But let me take a second to talk about the next best thing that you may be able to get some anticipatory positioning for…  And no, I don’t mean Christina… she’s already big.

I’m talking about gold’s stealthy, if annoying cousin, silver… which has been making silent steps in the last few weeks to join it’s more yellowy cousin.   Take a look at this recent medium term breakout in the metal price —

It’s a little overbought on the daily chart, but there’s more room to launch on the weekly, as you can see.   Now let’s look at a junior silver I like — EXK — which has been moving nicely recently as well.  Note, it has a similar “intermediate” target:

What’s nice about both of these is that we’ve got a nice “short term play” for you OTB degenerate gamblers, and also a very clear — and approaching — big time breakout opportunity.

It’s gonna be a great Fall for gold and silver ladies and germs… let’s watch the goalposts here to trade appropriately.

Christina had a great day today, as earlier tallied.   She still loves SLW the best of all the silvers, but PAAS and even SSRI looked good today along with friend EXK.  

Our new theme epigraph — Get gilded, or be gelded.

Best to you all.

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A Special Message from Christina Hendricks

Christina H.

“Buy Stocks, My Plebs!”
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I ran into CH (that’s what I call her, “CH” — we’re buds) at the perfume counter at Bergdorf’s and she said “fugheddaboud the gold and the silver stocks for now, Jake, go out and get you some high beta stocks. Now, ged OUD dah heah!”

That vocal coach has done wonders with her Joisey accent, no?

CREE, VECO, SQM, POWR, TIE and, most of all, ENTR are all on my radar screen for tomorrow.

Slainte.

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