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It’s Ash Wednesday today, and I’m not sure that I’ve been sufficiently penitent, so I’ll leave off the gloating about the big win on yesterday’s pick, BAA.  Suffice it to say that choosing from the juniors yesterday was like throwing a phosphorous grenade into a bucket of comatose darter snails… not very sporting.

But effective, for sure.  I’ll just wrap with my view on where BAA looks like it can be bought again:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’m also stalking AAU, here and some more AUY, but that’ll probably not be ripe til next week sometime.  The latter is my Final Four choice, however, so if you want to buy some on Friday, I’d be obliged to ye.

But it”s not just the metal that’s been golden these days, it’s been ag products as well.  I stumbled across an old Cincicrappie name I used to follow (they are now moving to Charlotte, I hear) — Chiquita Banana (CQB) .  This one’s been working itself back along with a bunch of other beat down ags, and who knows, maybe moving out of Ohio means it has a new lease on life?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whatever the case, I like it at just a touch above that $9.75 support line.   See you there.

My best to you all, my banana burritos.

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Yes Sir, Yes Sir, three bags full.

One for my Master,

One for the Maid,

And One for Le Docteur Who’s Sprawled on Butter Biers down le Lane.

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I’ve scanned the bulk of  the stocks that I follow, and save for the ones that have been ruthless stolen by my fellow bloggers, I do believe that BAA-BAA Black Sheep presents the best opportunity for profit going forward.

Note what I’d remarked earlier about this stock’s flirtation with $5.00, and how, like EXK finally did, it would one day break that barrier for once and all?

Well I believe that time has come.  Come, see the violence inherent in the system:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

And here’s the daily, which also seems to indicate we are on solid ground, and probably will not rest for another quarter or so…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I also like AUY, XRA and EGO here as soon as tomorrow.  Lots of stuff will be popping, however, so keep your eyes open along with your coin purse.

Best to you.

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What do you know? After trying to fake me out by blasting past my $79.80 target today, the dollar capitulated and sold off deep to about $79.25 at the lows. It’s now about $79.40.

I think earl and gold are the plays here right now, and if you are not in my two “Samurai 7” earl plays, COP and PBR, then you want to really think hard about them tomorrow. That COP is just too phat at 8x trailing earnings and a nice yield to boot.

Moreover, I think it’s safe to say that SLW was the call for today.  Unfortunately, as I recounted in the comment section of my last post,  I missed my buy stop by about ten cents.  See what happens when you try to get finicky like that?  I think I’m better off just buying at market sometimes.

In any case, the PM trade seems to be back on for now, and besides my favorite silvers like AG and EXK, I would be looking to the gold juniors, specifically GDXJ (the ETF) and AXU and BAA if you can stomach the volatility.  Otherwise, AUY, GG and RGLD are looking good here, Lucy.

Best to you all.

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Please do not take my lack of attendance here as proof that I do not love you.  The truth is, I’ve never left you…

All through my wild days…

My mad existence.  

 I’ll keep my promise, if you keep your distance.

(and scene). 

PS — Anyone who watched WPIX-11 as a kid in Noo Yawk knows that song by heart, if only by dint of it was the only commercial that ever played weekday afternoons between the Brady Bunch and Star Trek.   Ah, teevee, my beloved babysitter!   That’s what’s wrong w. kids these days, btw.  Not enough teevee.

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A quick repair to the dollar charts.  It seems as if old man dollar is trying to ruin everyone’s Mardis Gras by busting a move here, late Monday afternoon.  Problem is, he’s got nowhere to go.   Gold, silver, frankincense and myrhh have all sold down the last couple of days, just in time for the U.S. dollar to finally make it’s last hurrah, and look!  …

Nowhere to go:

 

 You want to fight City Hall run by the Bernank? You might as well try to fight Madonna with Whitney Houston’s Baftub.   Your arms are just too short.  Let’s see… $HUI is just about done cycling down, and the dollar’s got a date with $79.80 or so.  

As far as I’m concerned, you have your instructions.

Best to you all.

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It’s not surprising that when gold and silver and the rare earth metals begin to take off, the other commodities begin to show perky life as well. “b

In one case, the “black gold” coal commodity play is beginning to take off again.   Consequently, I’m going to reintroduce a rocket that failed on me recently, but which I am willing to give another try given it’s action the last couple of days.  That rocket is the mercurial  PCX (Patriot Coal):

Who says I don’t like to pick the Patriots?  Heh.

Next I’m going to look at another old gold favourite NGD which has finally broken out (two weeks ago now) and is looking to at least equal old time highs:

 

Those more recent highs are at $14.  I think we consolidate there and get ready to dig clams immediately upon resumption of the up move.

My last chart should be familiar as I posted it just the other day.  It appears my call on REE at the $6.05 pullback was a correuct one  and now REE has broken resistance after a short consolidation.

 

Not quite sure how far this one will launch this late in the cycle, but I think that all the rare earth metals will continue to rally.  REE is one of your stronger plays in this space.

My best to you all, and good night.  I’m feeling zombie-tired and I need to store energy for the SuperBowl.

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Rare earth metals became even rarer today, as three of our major home slices of pizza, AVL, QRM and even benighted REE, the “grandfather of them all,” roared ahead like they were not just rare, but steak tartare- level impossible to find.

I think all of them have room to go, but I like AVL as the immediate purchase, with REE and QRM following perhaps by the end of the week.  Here’s my take on AVL:

As you can see, that first resistance level has been suborned, so even if you purchase tomorrow, that $3.o7 level should stand firm as a base going forward.

My second favorite is REE, which had a monstrous move today that dwarfed all of its rare earth compadres.  Check out this daily:

 

 

Note also, however, that we are coming up against all kinds of resistance here, and the stochastics are egregiously vertical.  That spells “pullback” for me, at least for the near term.  This is one that last week I was posting in The PPT as a buy at $6.05,  so be ready for another blastoff soon after this.

My last look is at QRM, which I’ve mentioned here before and which also had a nice move today.

 

As I mentioned earlier, this one is not as attractive as it butted up against resistance but did not break through.  I think that means we probably consolidate, but that volume spike also generally indicates we are going further north.

Best to you all, and remember to watch this sector along with metals more precious..

 

 

 

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