iBankCoin
Home / Non-Jacksonian Picks (page 3)

Non-Jacksonian Picks

After the Gold Rush

[youtube:http://www.youtube.com/watch?v=12T95RHGLH8&feature=related 450 300]

_______________________________

Gold’s not been so hot, here, but I’m patient, and I’ll wait for it to break out of this oversold condition much like I’ve done many times in the past.   There’s been little conditional change in the broader underpinnings of this PM market.  We still have massive liquidity demand — if only for bandaging purposes on European and American debt problems.  We still have too much of our economy being crowded out by government creep (and creeps).   And earl and ag inflation, despite the recent sell-offs, are a constant threat.  

I am therefore comfortable holding my horde whilst exploring other alternatives that have been solid for me for years.  Among those, you know of UPS and MON, which I’ve spoken of many times.  I still like those for the very long term.   There are a couple of other names, however, that I have talked about much recently. 

These are stocks that I would categorize as “hold forever,” as long as they continue to carry and groom their historically strong management teams.  You just put these names away and expect the best.   Then one day, they reward you, like Markel (MKL) did this week. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I would encourage you to study up on Markel, some would say they are “the next Berkshire Hathaway.”  All I know is that these are very sharp guys on the insurance side… very workman-like and below the radar.  The kind of stock I like to hold forever. 

On the consumer products front, LANC (Lancaster Colony) — a name I’ve mentioned here beofre– is another gem that does nothing but grow wisely on your supermarket shelves.  It looks real nice right here: 

 

 Read up on LANC as well.  It’s good niche food business, with a sweet little dividend to keep things happy while you wait.  Slow and steady wins the race on these smart folks.

Last, for those of you who are jonesing for a gold pick, there  is benighted AAU, which #6 asked me about on my last blog post.  It’s looking oversold like the rest of the gold market, and it sure looks like it’s in opportune spot here resting on its 200 week EMA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Patience will be rewarded, as it has been for a decade now. 

 Best to you all…

________________________________________

Comments »

Inna Sugar Shaque

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

__________________________

While I wait on the precious metal markets to resolve themselves, I’m subsisting on a diet of heavy metals and pure refined sugar.  If I taper off in my blogging in the coming days it’s likely because I’ve transformed into a Brundel Fly.

As mentioned, AVL , REE, MCP have been moving nicely (although tapering off a bit at the end of the day), while the PM miners tread water trying to catch a bid from the falling Uncle Buck.   I did note that BAA finished back above $5.00 again.

Nope, the only thing that really stood out today in the areas I’m looking at was a refiner… and no, not the petroleum and kerosene variety, but the lonely sweet variety, sugar shack shifter Imperial Sugar — IPSU.

There have been all kinds of articles about sugar being the commodity of 2012, and I take them all with a grain of salt (no pun intended).  I do, however, like a decent looking chart when I see one, and this one promises at least some continuation on today’s high volume, high percentage move.   Just like the last time we got a high volume candle, I think we’ll get at least two more days out of this, which could very well bring us to our next resistance, at the underside of the 200-day EMA, or appoximately $7.60.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For those checking the math, that’ approximately 34% over today’s close.  Do you feel lucky?

Well?  do ya, punks?

______________

 

 

 

Comments »

Feel it in the Air (Gap) Tonight?

[youtube:http://www.youtube.com/watch?v=T5qc3qZqe38 450 300]

_______________________

I’ve been lying low, deep within the underground catacombs of my hardened cee-ment (sic) bunker, waiting for the air to change before speaking with you again.    Last week the dollar was on the edge of a knife, and it looked like it was poised to strike a blow against my precious metal position that even I, in my well-defended fortress– Haz-mat suited and full-fetal positioned– would find difficult to withstand. 

But this morning, after a 36-hour narco-nap, I decided to “up-periscope,” fully expecting to witness scenes of post-apocalyptic societal dissolution.  Instead, I found these guys scurrying about, handing out large wads of $100 dollar bills for 500 yuan a piece.

Is it possible we are just enduring one last head fake before the dollar re-asserts itself and makes mince-meat pies out of all my lovely precious metal and rare-earth positions?   It’s certainly possible.

But for now, I will revel in the respite, as Stealth-Bernank and the Chinese work out their differences and my “tell-tale” stocks  — UPS, FCX and the rare-earths (REE, MCP, AVL, QRM) move nicely here.  

If you prefer gambling to regular, gentlemen’s club smoking room type investing (UPS, COP, CMI, MON, etc), then there are two current seat-of-their-pants plays I’m watching right now —  sugar high confectionary profits in IPSU and a little-bit-nutty, a little-bit-slutty rare earth play AVL

I also like SSRI, here, mostly for the pricetag on its silver.

God bless, and I hope to be with you more often this week.

____________

 

 

 

Comments »

Box Wine Sublime

wine

________________________

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.

Comments »

Welcome Young Numbah Six!

12 Little Girls

__________________

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.

_______________________________

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.

_________________

Comments »

What? You Want Another?

want crazy

_______________________

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.

________________________

Comments »