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The glow has begun to abate and I am back in the loving embrace of my immediate nuclear family again.

And away from that drunken sot of a brother of . Away from his fistful of aluminum bottles and his near-magical affinity for attracting state troopers at the exact wrong time.

It was great to check the Superbowl box off the bucket list, however, especially given the “down to the wire” exigency of the finale, though I think my stomach could cope better with a blowout (on either team’s part).  It was also excellent to do it with family, too… with a guy I’d been going to Giant games with since we were little kids.  I’m only disappointed that babies kept two brothers away and Vegas the third, because I think Dad would have liked all of us to be together in these seats I found.  Seats that were so eerily close to where we all used to sit in the old stadium… where Dad used to sit.

I had a hellacious day at work today because I’ve really got no time to be taking even weekends off, never mind the odd Superbowl Monday I used for travel and “recovery” yesterday.  But things are hopping right now, thanks to this current odd mixture of liquidity and nervousness.   A lot of shareholders are taking the money and running these days, deciding discretion is the better part of valor.

But Ben keeps the presses moist and full of fresh green paper, because after all this is an Election Year.  And a year when the Giants are Superbowl Champs.

It’s only February, but this really is shaping up to be a magical year already, no?

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No position changes today.  I might even add tomorrow if the dollar continues to break down, however.  My March Madness pick is the previously mentioned AUX gold stock, btw.  I hope you will join The PPT to participate.

My best to you all, and thanks for your patience and indulgence.

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First, let me tell you that I am a happy and contented boy this evening. You know this PM game.  Heck, even Le Fly asks me at times how I deal with the convulsions of this lightly traded, lightly regarded sector.  Sometimes it’s not very easy, as you all know.

But the irony remains.   Despite the tremendous, gut-wrenching, teeth swallowing, soul-crushing volatility of this sector, it’s the only one to be in a bull phase over the last ten years.   True, we got a serious “blip” when the whole market folded in late 2008, but that was truly a liquidity-driven event,  separate from the fundamentals of the space.  What’s more, that down-draft was the trading opportunity of a lifetime.  I still own a good portion of the SLW I picked up under $3.00, and that was just one of the gems I found abandoned on the ground in January-February 2009.  You know the story of the Jacksonians from May of that year, when I first started blogging.   Those positions are up hundreds of percent, and I had bought them months before.

Enough idle boasting about the past.   We’re talking about good feelings today, but we’ve endured scars together too.   We’ve undergone a dreadful PM pullback, one that cost me over 15% of my portfolio value, even with cash-outs.  But I’ve been waiting, very patiently, because I had no doubt this bull was not over by any means.  And today I think we can say that at least in the near term, “the coast is clear” for further miner purchasing.   And I plan to make up for lost time as well.

First, let’s see the good news on our friend Baby $HUI:

Given that many of my “in-house” miners– Jacksonians and high flyers like EXK and AG have rocketed up on an RSI basis in the past few days, I think it may not be the best time to buy tomorrow.  This is true as well of my PM Stock of the Decade— XG,  or Extorre Gold Mines. which was spun off from parent company Exeter Resources (XRA)  at the barely substantial price of $2. Yes, $2, back in late March of 2010.   Look at this beautiful company today, a scant 16 months later…

Look at the charts of the strongest Jacksonians and you will not even see the equal of XG.  It was the one precious metal stock in my entire portfolio that did not see a pullback of any substance over the last three months.   That in itself is significant, I believe.

In the meantime, do not be a horse’s ass and buy this tomorrow.  Clearly, it’s overbought, probably because it never got oversold, like it’s poor compadres.   I have indicated above the place where I’d like to add.  And yes, I already have a shitte tonne, but there’s always room for pie, right?

Most stuff is overbought here, but on the radar for tomorrow are some small jumpers — MGH, BRD, AUQ, NXG, CGU, AZK. I also added to my GPL and AXU hordes today.

Best to you all.

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