[youtube: http://www.youtube.com/watch?v=uE-1RPDqJAY 450 300]

The Techno Classic

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It’s late and I just got home.  Burning the candle on both ends is probably not the best idea for your trusty Jacksonian surveyor, but I think we are coming into a critical period that may require some re-enforcement for loyal plebs seeking to make sense of this dollar killing precious metal market.  Therefore I post…

Silver is beginning to make great stirrings in the market and in the loins of pit traders across the globe.  Interestingly, the metal is still lagging some of it’s more accurate pre-indicators, specifically, it’s publicly traded miners.   Among the finest is that of SLW, whose weekly chart reveals that it has broken to new highs:

It appears SLW is just now breaking out to new highs in the weekly, and may have some runway left, stochastically speaking, even as it approaches oversold conditions.

The underlying metal, however, illustrated here in the guise of the widely held ETF,  SLV, seems to have much more potential momentum in front of it.   Look at this weekly:

 

In short, I would not be short silver or the miners here, and I would be looking at those resistance lines as a key to my adding regimen.   If the above lines are broken, then I believe the remainder of the silver miners will begin to show the same kind of new high action we are seeing in the high quality SLW right now.

Again, to reiterate, I am talking about PAAS, EXK, MVG, SSRI and even CDE and HL here.  Watch these in conjunction with the chart above and with Papa SLW, who will continue to lead the way.

My best to you and your mithril mail shirt assembly’ing.

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[youtube:http://www.youtube.com/watch?v=WM4fMmMq1S0&feature=related 450 300]

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Got some serendipitous tickets on Friday afternoon, saw it last night.   I’m not a big fan of the whole Broadway show thing, but this was exceptional.   Great story, great tunes, go see it, you’ll agree.

Highly recommended.

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This oughtta be interesting….

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Talk amongs yaselves…

I just got back from the middle of the country and I’m exhausted. I had some ribeye tonight in sale-abration, as well. If you live in the land of the Colts, you know the joint, and if you are a Demi Moore fan, you might know it anyway.

ANV powered up today, as I suspected it might. IAG took the day off, and EGO was only up a smidge, so if I was hunting Gold-ee-lox for my bagels, that’s where I’d go first, along with turnbuckle Betty — RGLD.

As for silver, stick w. SLW and PAAS for now, with a side aperitif of cold EXK.

As a bonus, those of you who stayed with me in ENTR were rewarded today, to the tune of an almost 17% move.   Bravo!

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

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Maybe that’s what they’ll blame this latest blizzard of fresh cash on… the need for fresh liquidity in case of an emerging chav riot should the U.S.A. (perfect in every way save for soccer proficiency) beat Old Blighty in the first round of the World Cup on Saturday.

Not that it’s likely, but what more significant excuse does Ben need to flip the machines on?

They were on today, you can be sure.    On the meltup I like diggin’ foreign companies for $100, Alex, including PBR from Brasilia, and BHP from Ozzieland .  Only The PPT could be more acute, imo.

Don’t forget about TCK, and TC as possible forced bodies (like RTI) in the grand smelter of shrinking dollars.  Soon your dimes will be encased in molybdenum and shot off into space, as appropriate.  TIE is screaming here, and past it’s 38.2% Fibonacci retrace… get some!

The rest (of your non-gold port), I would take care of  ASAP, but for those counting on a big Christmas, Id look for the past leaders here to revisit their highs.  Yes, that includes CREE and GMCR. 

Get ye some, and join the revelry in The PPT, now and forever.   See if some of that space magic doesn’t wear off, to your benefit.

Salud!

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The Paws that Refreshes?

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Are you kidding me?  Do you really think you can beat the printing presses, Mr. Bearshitter?

I’ll have you know Benjamin J. “Inky Hands” Bernanke has the fastest printing presses this side of the New York Times, albeit sans the egregious liberal editorial slant.

No, no, Benjamin B.  is tres efficient, as he does not even have to consort with learing Thomas Jefferson’s $2 bill.  His only mandate — keep the river of Washingtons, Lincolns, Hamiltons, Jacksons, Grants and Benjamin Franklins flowing to the far corners of the globe in exchange for chintzilly made novelty aprons and Irish crystal.

Our mandate, however, is to scoop as much of that flow as remotely possible, and convert it into hard assets, bunker-builder style.   Gold.  Silver.  Platinum.

Enjoy this rebound, friends.  There may be much more to it.  Personally, I see the dollar — [[UUP]] starting to wear down here, and drop precipitously.   Soon it will well on it’s way to continue it’s long term downtrend.  That should boost stocks no end.

Just remember, it’s an artificial boost, and those equities are just not worth what you thought they were.   Don’t become wed to a name, unless you plan to hold it for the duration.  Duration, in this case is more than 10 years.

Only [[UPS]] and [[MON]] fit that description for me.   I even expect the golds ([[GDX]], [[RGLD]], [[ANV]]) and silvers ([[SLW]], [[PAAS]] and [[EXK]]) to die off sooner than those two.

I also like [[EGO]] and [[IAG]] here.  Attend!

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