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It was a little ironic the other day, I’ll admit, when I recommended the BAA trade for a “$5 Roll” (since successful) and was chided by commentator “Po Pimp” for a past recommendation that had also at one point promised a permanent place in “big boy stock” stock land north of $5.  That stock was AAU, if any attentive readers recall, and it only barely made it to $5.00 in late April of last year before stumbling and finally dropping to $2.00 by the doldrum period of last December.

I of course still owned AAU at the time of Po’s razzing, but hadn’t really studied the chart in a while.  That challenge, however, had me take another look, and what I saw last week was a stock also breaking out of a consolidation zone, just as BAA had done. Look at the weekly to see how we were breaking (even last week, if you look at the shorter candle before the present one forming this week) from a congestion zone and from an intermediate term down-channel.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last week’s promise confirmed today, when AAU surged over 15% on huge volume.  I don’t even know what the news was that drove this rocket today, and it could even just be a result of pent up demand.  One thing I do know is that this is happening more and more with the juniors, and I don’t expect it to stop very soon.   The dollar remains under pressure, as well.  I think we’ll get some continuation here, at least.

And maybe…. moooooore!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Go have a box wine tonight, on old Uncle Jake, it can’t hurt none.   I also like CDE , AG, MVG and EXK here.

My best to you all.

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[youtube:http://www.youtube.com/watch?v=2JgYuQ4hLxo&feature=related 450 300] ________________________
It’s Ash Wednesday today, and I’m not sure that I’ve been sufficiently penitent, so I’ll leave off the gloating about the big win on yesterday’s pick, BAA.  Suffice it to say that choosing from the juniors yesterday was like throwing a phosphorous grenade into a bucket of comatose darter snails… not very sporting.

But effective, for sure.  I’ll just wrap with my view on where BAA looks like it can be bought again:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’m also stalking AAU, here and some more AUY, but that’ll probably not be ripe til next week sometime.  The latter is my Final Four choice, however, so if you want to buy some on Friday, I’d be obliged to ye.

But it”s not just the metal that’s been golden these days, it’s been ag products as well.  I stumbled across an old Cincicrappie name I used to follow (they are now moving to Charlotte, I hear) — Chiquita Banana (CQB) .  This one’s been working itself back along with a bunch of other beat down ags, and who knows, maybe moving out of Ohio means it has a new lease on life?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whatever the case, I like it at just a touch above that $9.75 support line.   See you there.

My best to you all, my banana burritos.

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Yes Sir, Yes Sir, three bags full.

One for my Master,

One for the Maid,

And One for Le Docteur Who’s Sprawled on Butter Biers down le Lane.

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I’ve scanned the bulk of  the stocks that I follow, and save for the ones that have been ruthless stolen by my fellow bloggers, I do believe that BAA-BAA Black Sheep presents the best opportunity for profit going forward.

Note what I’d remarked earlier about this stock’s flirtation with $5.00, and how, like EXK finally did, it would one day break that barrier for once and all?

Well I believe that time has come.  Come, see the violence inherent in the system:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

And here’s the daily, which also seems to indicate we are on solid ground, and probably will not rest for another quarter or so…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I also like AUY, XRA and EGO here as soon as tomorrow.  Lots of stuff will be popping, however, so keep your eyes open along with your coin purse.

Best to you.

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What do you know? After trying to fake me out by blasting past my $79.80 target today, the dollar capitulated and sold off deep to about $79.25 at the lows. It’s now about $79.40.

I think earl and gold are the plays here right now, and if you are not in my two “Samurai 7” earl plays, COP and PBR, then you want to really think hard about them tomorrow. That COP is just too phat at 8x trailing earnings and a nice yield to boot.

Moreover, I think it’s safe to say that SLW was the call for today.  Unfortunately, as I recounted in the comment section of my last post,  I missed my buy stop by about ten cents.  See what happens when you try to get finicky like that?  I think I’m better off just buying at market sometimes.

In any case, the PM trade seems to be back on for now, and besides my favorite silvers like AG and EXK, I would be looking to the gold juniors, specifically GDXJ (the ETF) and AXU and BAA if you can stomach the volatility.  Otherwise, AUY, GG and RGLD are looking good here, Lucy.

Best to you all.

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Monument Circle, Indianapolis, Complete with Super-Classy, Monster Roman Numeral Decor

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The precious metal sector has gone HAM, as we’ve discussed ad nauseum here these last few days.  I’m not a big crower, as I take the “That’s Life” Sinatra-version view of this crazy stock picking game.  In fact, if anything I’m ticked that I got caught with only 60% exposure to my favourite stocks in the PM sector, and having ditched my two internally leveraged stocks (AGQ and NUGT) only the day before this anti-grapist surge.  That said, my port is still well above even my Seven Samurai picks (currently at +11.4%) as of the first of the year, so things are good.

I also think I called the dollar top to within pennies (one of my predictions was that the dollar would fail at $81.50).   I think it has a bit to go, even as it may take a rest here to bounce on the support that has now become resistance (#2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I think we may get a bit of a pause here, but not much.  I will be adding on pullbacks and all the usual names will be good.

Let me take this opportunity, then, to point out my two “A” and “B” best PM stocks for the current moment.  I’ll do “B” first and admit right off that Banro — BAA is in fact, a Congo miner.  I make an exception, at least temporarily, to my rule about not taking too much political risk by noting that it controls over 2500 square kilometers of rich African resource land, and that it was incorporated (and still resides) in Toronto, Canada in 1951.  That’s a lot of embedded expertise and a lot of paid off pols in the Congo.  Consider it barrier to entry.

In any case it’s the chart I like, and when it gets back over $5, it’s going places:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yamana (AUY), my second attractive Toronto-based player, seemingly breaks my rules because of its size (over $12 bn market cap), pointing out that it may be more an acquiror than acquired.  I like it’s benign Latin American exposure, however (Mexico, Brasilia, Colombia, Chile, etc.) , and think that it’s got one of the more promising charts (this one a weekly)  thanks to a long term breakout from a lengthy consolidation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’ll be trying to take these two in the next couple of days at $4.80 and $16.70 respectively, if I can.   My best to you.

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[youtube:http://www.youtube.com/watch?v=qZSHDLIIZw8&feature=related 450 300]

Irony: The Pride of UMass Will Take on the Pats

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A late night pop-in from Giant fan land.  I am wondering how I’m going to pick stocks this next week or so with three lives deals on the broiler, and my New York Football Giants in the Superbowl.   The truth is, I’m probably going to start trimming here, and probably be more dormant than not.

Don’t get me wrong.  If the PM’s can hang in here, against the coming retracement of the overall early January move here, than I might even suggest some additions to AG or BAA or even AUY.

But for now, I’m going to trim sails and bask in a hard fought win versus the San Francisco Forty Niners and their NFL best defense.   There’s a lot to be said in the coming days about the next Superbowl game on February 5th.  The one pitting my Giants versus the New England Patriots — the teams (thought not the same team) they defeated 4 years ago in early 2008 to win the Giants’ third Superbowl trophy.   The Patriots will need little motivation to come hard in that game.  They’ve got a humiliating Super Bowl loss to get over, and they will try their damndest.

Luckily, we’ve got Eli in his Superman cape…. making it happen in the 4th quarter once again.  It should be fun.

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As I mentioned, I will be trimming tomorrow for sure, and raising cash.  I will probably get up to 60-75%, with only some core holdings untouched.

My best to you all.

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