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___________________________________ I know quite a few of you might expect a post today about tonight’s National Championship Final down in Atlanta, where my beloved Redbirds will be playing Cain’s Be-sooted (sic) Maize and Blue Marvel Comix Characters (no bologna). However, I will humbly defer, due to an acute allergy to all bad ju-ju and other such superstitious [...]
Keep #6 and his family in your thoughts and prayers tonight as he battles the Great Sandy Storm Surge of 2012 from the burgeoning tides of the West Village. He’s currently okay, although I think the water made it up to the ground floor of his place near the newly enlarged Hudson River.
And all the rest of my boys up there in the Northeast, including Monsieur le Docteur du Fly, take care of yourselves up there and don’t do anything crazy like trying to drive out of a flooded area. And beware of downed power lines in puddles. Bad combo.
The good news is that the market will likely open with a fresh wave of Bernanke Bucks sluicing its clogged bowels. Silver is my trade here, and I will likely be adding on Wednesday.
Best to you all, especially all of you dealing with this Sandy Hurricanoe.
The above is satire, of course, but let’s not laugh too hard at the funny kiddies. In certain European states, the “path to success” is through the government bureaucracies. Is the U.S. approaching that level? Food for thought.
If you have not already, you should be trimming your silver and gold positions, or at least the leveraged ones. We’ve had nice move here, so let’s not get too greedy. I’m out of AGQ, NUGT and ERX as of this morning. I’ve also trimmed between 35-50% of the remainder of my largest positions.
Have a great Friday.
Bonus Crony! This goes out to the speech stomping Jim H, (D- Croneyville).
Tribute to Mr. Mays….
I just got home and it looks like the golds/silvers had a crappy day, but it also looks like the dollar is falling tonight while the commodity complex, and especially earl, are rallying. Oversold and out of favor are my two favorite paradigms, but I’m not telling you what to do if you are nervous here.
Me? I’m gonna do like Slim and ride the bomb. I’ve got meetings all over again first thing tomorrow so I won’t be able to look in via anything else but Crackberry til mid afternoon. In the meantime, if you’d like to discuss things, open-thread style — and that means anything — I declare this blog a Mario Savio Free Speech Zone.
Have at it!
Whattayou tawkin’ about? I only had fie’ vodkas!
Actually, Rick Pitino, disgraced coach of the Louisville Cardinals basketball team, was born in Manhattan and ended up going to high school at St. Dominic’s in Oyster Bay, Long Island (high cotton). In other words, he’s not the gomatta (sic)- slinging gangster he’s made himself out to be these last ten years in Louisville, bulgy eyes and dark double-breasted suits aside. He’s actually kind of soft to tell the truth.
How else can anyone explain a 31-point Cardinal loss to the crappy Providence Friars, a team from a city some claim is in Rhode Island, which is allegedly a member of the Union wedged into New England somewhere. Rumor is that the Friars are not named after the chicken tenders crew at Popeyes at all, but in fact a clerical sect known for celibacy, stinky beer and infrequent group bathing. I’m awaiting confirmation and will get back to you when my investigators complete their report.
In any case, I’m tired of it. In seeking some resolution, I’ve assembled a crew of recently released minor felons who will accost Rick at the Standiford Field Airport and bundle him into a black limousine headed for Bushwick, Brooklyn. Upon arrival, Rick will be stripped down to his wife beater tee and skivvies and instructed not to return until he’s brought back a set of rabbit ear antennae from the local Robert P. Moses housing project.
Rick needs to get his “mojo” back, and find that inner hard ass that will terrify these young men into perfoming on the hard court like a Pitino team of old. I’m only doing what I can in the most exigent and dire of circumstances.
I will be looking to lighten up tomorrow on some of these positions that are up so far in this year. The dollar is rebounding as I type, and while gold and silver are staying upright, I think they are due for a pullback and I will therefore trim accordingly. I suggest you set tight stops on ANY green action tomorrow. 3-5%, tops.
My best to you.
If you are a fan of college hoops, you have to watch this one…
My first prediction of 2012 (less one day) — #3 Kentucky beats #4 Louisville in the Rivalry Game, but does not cover the 12.5 pt spread.
More relevant stuff tomorrow. Thanks for indulging me…