[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=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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Don’t Look Now… it’s Silver Cher!
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Today’s downstroke rode the same tidal wave out that had been building up and cresting these past weeks and days.   Even I was surprised to see how much power that wave continued to exhibit all the way through this morning’s early peaks.

But you knew that momentum had to recede eventually, and SLW’s egregious heights over any semblance of “the mean” was as good an example as any:

EXK, our other junior silver darling, showed the same signs….

That should make for a nice entry… again.   And although the silvers were the drama queens today, even noble ANV looked to have a little bearish candle hung on it today.  Again, opportunity knocks:

And what, besides outsize momentum, caused these sharp rebounds today?  Of course it was your favourite fiat currency, the almighty U.S. dollar, rebounding out of a seeming death spiral in the low $76 region.  Know look at it:

This weekly chart gives the best perspective of all.   The dollar is obviously rebounding somewhat, but the downtrend is still very much in play.  In fact, I think the dollar will have a hard time getting past that 13-week EMA that’s been containing it for months, like a damsel in a tower.

I don’t believe that line will be crossed this time, either.   Look for a pullback from the high $78-$79 region.

My best to you all, trimmers.  Let the Cher be with you.

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[youtube:http://www.youtube.com/watch?v=WM1RChZk1EU 450 300]

The Greatest Hip Hop Video Of All Time… Do you Dispute it?

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And so appropos, no?   Can you dispute I got a million ways to get it?

Who holds the Jacksons, still?  Which of you?  

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I took some silver off today, specifically SLW, PAAS and EXK.  My positions in these were fecund and preposterous.  They were an insult to God, they’d grown to such metastisitic proportions.

So I reset on some.   But I keep all of my SVM, MVG, and SSRI, with an eye on adding again to all of them.

And even more so with the gold juniors.   Some have asked me, “what of IAG?” 

More of it here, good sir?

Yes, good sir, yes, yes.    And NG and IVN at any scant opportunity.   But above all, constantly feed RGLD. 

Outside these of the Precious, only MON, UPS and ANDE are attractive to me right now.  

Go on now, I’ve given you enough! 

Go!

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Come, lads, and feast at my table at long last.   Rest your weary bones in the comfort of my Great Hall–Silverhalla– for it is the hall built by the metal gods Au and Ag for heroes who have fought in the great shield wall of Hard Commoditus, that great preserver of Empires and succorer of innocent children and midwives.

Those who have taken up hauberk and helm, shield and scimitar against the armies of the Mad Kings — Inflatus and Deflatus — shall be rewarded this day with an eternity of riches and smooth mulled wines.   Those also who have fought against those fierce Kings’ Champion, Bern Yankee,  and his much feared Quantive Eeze Garrison, will be welcome in my Hall, here and in the hereafter.  

True, it is gold that brings the wenches, and gold that has sated the hearts of  many the currency coveter.  But those who hie to my banner (featuring St. ElTee of the Blessed Rood)  will receive a far more useful reward in the Hall of my Fathers– the Great Hall of Silverhalla, aye.

Those lucky few, those sceptered Islanders, shall receive the Holy Stock Picks of Antioch, and be able to then hurl brickbats of bullion at thy enemies and thereby “snuffe them, in His Mercy.   For now is no time to loose one’s bladder in the shield wall, and cower at the hard paper truncheons of the Que Eeze… no!   Now is the time to strike!  And strike again for the promised marshall glories!

The glories of Silverhalla!   (Puts Silver horn to lips, blows four sharp blasts in succession….)

Behold!

Behold anew!

…and  Behold the next Great Warrior Chieftan of Silverhalla! (Still a mere boy, really)–

Now forth!  Forth for glory, and slay thine enemies and revel in the lamentations of their accountants!

Skol!

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