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Mystery Solved Re: Fly’s Love for Wu Tang?

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Stung by yellow-jackets on Sat-ta-day, ruined by late night inept Giants football at hostile Lukoil Stadium on Sunday, yet still I rally with room to spare for the big city meeting with the mystery ex-pro ball player and current mutliple centimillionaire.  Could be one of my biggest deals since I moved South. (drum roll)

I’m so hood, I just can’t help it, dammit.

And what’s more, the market continued to rally, including my goldbug darling ANV, much to my re-hedged chagrin.  Thanks to my selling the calls on Friday, today’s almost $1.40 (5.3%) move felt a lot more like an $0.40 move.  Ah well, we can’t all be supreme market timers can we?

I also hedged about 60% of my SLW position on Friday, but she was largely flat today.   I do expect both names to climb back down the ladder very soon.  I won’t even bother showing you ANV’s chart, but suffice it to say it looks like an arborist standing on a stepladder that’s perched on the radio tower attached to the roof dome of the Chrysler Building.   Now if  that stock gets bought out tomorrow, you will probably hear me howling in Canarsie tonight, and the Maldives.

All hedges aside, I was still up about 0.5% today, and the market is looking vaguely dispeptic.  Tomorrow the Fed will send us into choleric spasms of one form or another, I’ve no doubt, and you know I’ll be watching the dollar for another breakdown from the $81 mark, like we briefly saw the other day.

That could set us off again to bulltard land, as I’ve been trying to relay to the agnostic bearish among us.   What’s more, f we do look like it’s run-time, it won’t just be the metals.   Yes, ENTR looks like it’s coiling for another sky-blast too.  And if you still have CMI, well, keep it as well, ey?

Best to you all, my wooties.

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Not quite Infinity… but Bloody Close!

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Much to the bear-shitters’ chagrin, gold is continuing to break out.   Don’t believe me?  Look for yourself (see below).  My target is a bit past $1,300 per ounce for the near term, and then we should finally get some pullback.   At least, that’s what I’m hoping for because I’ve started hedging my ANV and this could get enraging if it continues to march skyward.   Here’s the gold price daily:

 

Crazy, no?  Well you should see silver, which has contracted it’s egregious price ratio with gold, but still stands well over 50x at 56x+ the price of gold.   Better than the 70x+ it was stalled at when I was screaming at you to buy it, but then, the world need bearded ditch diggers too, doesn’t it?

I also see a pullback coming in the miners, which will largely coincide with the near-term top in gold projected above.  The $HUI is really just a hairsbreadth from all time highs, and it too will likley break those highs before pulling back and making new bulls scream.  Note the pretty pictures:

This has been a fun ride, hasn’t it?  Who knows, maybe the Tea Party will toss all the Dems out of Congress on Nov 3rd and start their first session by making the official currency a one ounce U.S. coin with the Dog Sledder’s likeness on one side and a large glass of bourbon on the other? 

One can dream can’t one?   Best to you, my fellow idealists for liberty.

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Ironic commentary from left-wack0 Ted Rall, circa November 2008.

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Just a quick, drive-by Mac-10 gloat on some of these magnificent late summer calls, right in the middle of the doom-and-gloom apoplexy, I might add.

If I were gloating.

Which I am, to some extent.  Just to review, SLW is still my favourite precious metal stock, but even I– with my already naturally large head– have to step back in awe and admiration at this ANV 200-day touch call. 

If you missed it, don’t feel bad, as I made a much bigger deal of it amongst the refined moneyed gentlemen of The PPT.  If they missed it, well, I blame the Monsieur, who hates l’or for some odd reason.

I only hope he does not feel the same about l’argent, and that he breaks from his stubborn bear-shitterishness soon, and joins the rest of the crewe in rich bloggy coin banquing. 

And just in case you think the condition of my cup over-flowething is just a shiny metal condition, check out what this other Jacksonian has been doing as of late.  Can you say BTFO, Mister ANDE?

And yes, that’s a $47.00 target… near term indeuuuuud!

Now stop being such a piker and join The PPT.  We need more Precious Pride in that forum anyway.  Why let old Hawaii Five-O and East Hampton Brucie get all the glory?  That’s just unfairness, plain and simple.

Best to you all.

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Apologies, Madmoiselle, you are not welcome here!  Allez!
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Word has come down from on high: Le français est interdit!!

Many apologies to those who may enjoy the French, or the French Canuckistanians who often drop by in passing, as their langue – il est “banned.”

Le langue d’amour is especially verboten (no worries, that’s la langue Allemande) in association with mention of large, arse-kicking, three-digit wins in such names as ENTR, SQM and CMI.  No more, mon Capitain.

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Pay attention now, because this is important.  Flibberty gibbeting about with “we’re crashing, no, we’re rocketing” is fun, if you have the time, but paying attention to secular bulls on pullback pays cash money every time.  

Right now is one of those times.  Gnashing your teeth about missing the (oft-preambled) stratospheric rise in ANV and SLW?  Curious about RGLD and EXK?   PAAS and EGO?  

Now is your time to step up and contribute to your  fortune.   Stop screwing around and get serious already.

That is all.

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[youtube:http://www.youtube.com/watch?v=NrG4g6yNLJU&feature=related 450 300]

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“Catch the wave and you’re sittin’ on top of the world…”

— Emperor Leto II,  Atreides

Yes, Pop was quite a surfer wasn’t he?   No matter, today’s walk back in nostalgia-land is brought to you by the good dwarves of Moria who remind you “There’s no better time than late August to stuff your goody bag full of shiny robot parts, preferably made out of pure gold and silver.”

As my dear friend and father of the Mentat, Johnz Hopkinz, M. Le Docteur Le Fly likes to say, “To every time there is a season, etcetera, etcetera, Peter Cetera.”

And this hear is the season, young plebs, to stock up on your favourite gold and silver plays.   Today, I banqued mass coinage on AGQ.   I plan to take that trip to at least $70, and moooah.

But the real play here is in the Jacksons of choice — the silver goddess, SLW, its slower little sister, PAAS, and the robust brotherhood of the three middie golds — ANV, EGO and IAG.

If you are of sound mind and body, you might want to spartaculate on even smaller stuff like GSS and BAA and EXK and RBY.   These are all considerations for the coming weeks and months.   Personally I try to own “one of everything” at least.

You never know when you will see extraordinary action out of such crazy outliers like VGZ.   This is why I try to keep an inventory.  If you haven’t the patience of the pocketbook, GDX for the bigs will do, and GDXJ for the smaller names.

Even the execrable TBT seemed to turn today.   I did not add, but then, I’ve got plenty, and I’m happy to support your bid by never selling.  Your welcome.

Be on the alert for my top calls tomorrow and going forward.   The Lord God Emperor has decreed a moratorium on bullsheet currency.   Only true money shall prevail from this point on.

Best to you all.

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It’s not been a bad ride for ANV since we last talked about it, has it?  Well, all good things must come to an end… or at least a temporary pause, no?

And I expect that’s what we’ll be coming up on in ANV as early as tomorrow.  I won’t be selling any of my Smaug-horde, but I may very likely sell the calls in the high $21 dollar range.   If you got on board when I alerted you to the 200-day touch you’re up over 35% right now, and I should think that’s not a bad ride for less than a month.

You can see we’re approaching some pretty serious oversold levels here in this recent chart:

I will likely do the same for SLW, EGO and IAG as well, and I will reduce my AGQ levels too.   Some of my smaller positions, like FRG (also a huge winner today) and RBY may get trimmed as well, but most I will just leave to gestate further in the womb of this great gold bull, which I think will resume soon after this pull-back.

BAA — the chronic underperformer, comes to mind as a something about which Mother Mary whispered right in front of me, “Let it Be, son, Let it Be.”

Or maybe that was the Raven quothing “Nevermoooooaah!” 

Whatever.  If you really have the hankerin’ to buy something tomorrow, why not try that perennial Fly favourite and crusher of all things Broadcom — ENTR?   Note, you may recall (and certainly the fine gentlemen and ladies of The PPT know this) that I added to my pile on this the other day at the retest of the original breakout?

Not that there’s anything to all that crazy chart-chompin’ stuff.

Best to you all.

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