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The Turkey Gods are here.  Tremble, all ye who remain Ursine in attitude.

How do I know? Simple.   I merely whip out my prodigious folding money clip and scan the Benjamins, Grants and Jacksons for signs of wear and tear.   Sure as shootin’, there’s been beak-damage done to all the eyes of my papery dead Presidents.

The Turkey Gods love to eat dollars, but they especially love the vile jellies of moldering dead American War Heroes.   And yes, historical termagents, Ben Franklin was also a war hero.

Said heroes are not to be confused with “The Ben Bernank.” He is the hero only of the Currency Crusades, a tilter at windmills and the paper dragons of deflation. Soon, his unsmiling bearded mug will adorn the $10,000,000 dollar note, Zimbabwe-style.

Tonight, the dollar is below my “drain level” of $78.20 — currently trading at $78.13, after hitting lows tonight (Sunday evening) of $78.08.   I believe this is the “all clear” signal, and will be pushing the rest of my chips all in.

Not sure how many of you caught my large pickup in junior gold stock IAG, as announced in The PPT, the other day, but I grabbed a lot of December 17.50’s well below $17–.   I think that will continue to work.

However, I think the big silvers will be the one’s off the chart next week.  If you were contemplating the rulers — SLW, PAAS, SSRI or even the ETF, SIL, then this week is the time to grab hold before the end of the year.

The one I really like in the more speculative area, however, is EXK.   I also like SVM and MVG in the more speculative range.   CDE and HL — the garbage of the sector, should be handled with care.  No matter, they should all rise through to the end of the year.

RGLD, EGO, and of course ANV, gold juniors all, should also be at the top of your lists, as well.

Best to you all.

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[youtube:http://www.youtube.com/watch?v=BKzNVrZ5Q_s 450 300]

For My Conspiracy Minded Brothahs

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The site was partially Vincenza-pated tonight, so I’ll be brief.  Silver’s got a way to go, here, and it may be the strongest PM available to us, as the various cloack and dagger Knights Templar types scramble to cover the shorts they’ve been laying on our asses since the Crusades.

Here’s the main dog, the price of the metal itself, via the SLV ETF we all know and love…  we just filled the gap:

Already bouncing out of oversold territory and making frisky like a kitten fresh out of the tumble-dryer.   Speaking of which, EXK  is also looking resiliant in the in the daily charts… had I said something earlier on that?

Look at that, the 20-day EMA looks like it was the spot, no?  SLW is also roaring to life again, but then, I don’t have to tell you that…

Do I?

One more precious metal pick– outside of the silver realm– that I checked out today since Le Fly was mentioning palladium in The PPT.    Looks like our pal, PAL is seemingly off to the races, perhaps permanantly here… Look at this weekly:

Looks like PAL will actually brings some returns here for people.  I may grab some on the morrow as a result.  Thanks Monsier Le Fly, et al!

Best to you.

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I continue to believe that SLW may pull all the way back to that gap at $29.50.  Whether it’s today or later this week, I think we need the pause that refreshes, and scares the freshmen, so to speak.   Stochs and the relative strength indicators continue to point down, as you can see from this updated chart from last week, where I’ve left the “circles” in their original places to show the progression:

As you can see the EMA’s are still headed straight up, so I’m not concerned about the trend.  I have played SLW for quite a while, however, and she’s got a large penchant for gap filling.   I don’t expect this time will be different.

EXK also has a little bit more work to do before it’s ready to blast off.   Now I’ve already added back some of the 16k shares that I sold off last week, but I still have another 12k to pick back up.   I think the 20-day looks like it may be the spot.  Attend:

Still a little bit of healing to come here, but I like that $5.44 zone demarcated by the current 20-day EMA.   That’s where I’ll be adding, God willing.

Best to you all, Tunbridge Wellers.

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[youtube:http://www.youtube.com/watch?v=PTUY16CkS-k 450 300]

I’m sorry, I’m a little Johnny Come Way Lately on This, but….

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This might be the funniest of these dual play cartoons that have come out yet…  Just the part about “The Ben Bernank (sic)” might be worth the whole six minute ordeal.

And then there is “THE Goldman Sachs.”    Just too much hilarity.

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“The head of the New York Branch (of the Fed) is… THE William Dudley…”

Shit, sorry, I’m laughing some more…

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Henceforth, I will be putting “the” in front of all nouns for greater comedic effect.

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Sorry, it looks like THE dollar is still attempting a relief rally after dropping like a stone for nine weeks starting the end of August and reaching all the way to the end of the first week of November.  I suspect that rally, now six days old, will not last out this week.

Why?

Because the Turkey Gods, all red and gold and orange, will come wattling this way next week, demanding their pound of quantitive easing and giblet stuffing for all concerned.   The fat man in the red hat and curly white beard is not long behind the Fat Feathered Gods (not to be confused with the Scat Covered Dogs of The New Oblivion), and they too will demand the dollar die as is slated in the Book of Deuteronomy, right after the admonition against lying down with false cat idols.

I started buying back, ever so stealthily, this last end-0f-week, and put away small amouts of GSS, EXK and SLW that I had dispose of in recent days.   I still have a lot on the menu there, and most appetizing at this point is IVN, which I will take down at any sign of weakness. 

Let us all remain alert in these coming weeks to the actions of the Great Feathered Gods, and of course, their minon, THE Ben Bernank (sic), who scrabbles along behind, with the giant Baster of Heaven, ready to pass gravy unto those who most deserve it… meaning us.

Best to you all.

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[youtube:http://www.youtube.com/watch?v=8Y88SaP4orc&feature=related 450 300] God Bless our Veterans This Day… “to the Lost!”
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First, my thanks to all who serve and who have served. This is your day, God Bless.

Second, I just got back from my road trip so I’ll be brief.  There’s not much more room in this dollar bounce, in my humble.  In fact, I may amend my $79 target (the 13-week EMA) down to $78.60, which is the 50-day EMA.  

No, none of these numbers ever work out exactly, like some sort of magic poodle act, but they are a decent guide for resistance levels — especially when we are entering overbought territory already.  Behold — 

And when that dollar starts turning down, the PM’s will start running again, with abandon.  The silvers have hardly slowed down, but EXK would be on my radar screen along with the usual suspects.

Mostly, the gold juniors are looking the most appetizing here, specifically IAG , IVN and EGO.   However, this knife catch will probably be my first buy when the dollar cracks its head tomorrow:

Ciao to you all, annoying Italianate friends.   Go out there and buy a beer for a veteran or a current service person, and never be embarrassed to say “Thanks for your service!” to someone in uniform.  They really appreciate it, every time.

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I’m on the road and the wi-fi is weak in this hotel room.  Therefore this will be tres brief.

Frankly, I dunno if it’s time to start climbing back into PM’s with a passion, but my guts says there’s one more shake here before we’re ready to reset.  If I’m wrong, we should know by the dollar’s return to the downtrend relatively quickly.

In the meantime, let’s not forget about our old friend, Mr. Egregious Interest Rates.  I like TBT here as a hedge against Bernankianism, even though it looks like we’re due a bit of a pullback in the next few days.

What’s lucky for us, is we are approaching resistance here, and after a pullback, the buy point should be rather obvious:

A break of that line, or a retest, should be a safe entry on what should become a long term hold for you.

Ciao.

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