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It’s uncanny, isn’t it?  Jakerodamus provides you, just days ago, with predictions– like Rick Santorum coming in a very close second to Romney in Iowa– and poof!, that prediction comes true!   Recall also, that I predicted the same Santorum will come in a more distant, but still surprising, second in New Hampshire.   The rubber match will be South Carolina, which will force some sort of confrontation and quite possibly a mutual detente between those two leaders through the remaining primaries.  

What else did I say?  Oh yeah, something about gold, silver and earl, right?  So far, so good.

I’m probably going to bail on the ERX trade tomorrow, however, as I think we might get one or two more days of “jack” before that thing bangs against that $55 resistance and comes back down to fill that gap at around $47-ish:

 

 

I will also shave some NUGT tomorrow, although I think there are still some very good charts out there in the gold and silver, including AG, ANV, BAA, and EXK, and RGLD.  My little coal play, PCX also looks like it has some room to run, stochastically speaking.

To summarize, I am not ready throw the towel in on this grand first day leap, but I’m also playing “tight” right now, and keeping a keen sharp and wizened eye (of the sorcerer, Jakerodamus) on the dollar.  Make no mistake, the dollar will tell our tale here, good or bad.   If the dollar drops below $79.30, or if gold breaks above $1620, I’ll be adding again.

Best to you all.

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The Giants let another one slip between their fingers, to the hated Cheeseheads, no less, despite giving them quite the scare for perhaps the first time this season.   Moral victories, however, count for scheissola in this part of the season.  

That said, at least the Crackboys also lost — inexplicably — to the Arizona Cardinals, who I believe are working with a tenth string QB out of Mail-it-In State.    We play them next week and then again two weeks after that and if we can’t beat those sad sacks, well — it’s time for head coach Tom Coughlin and his trusty offensive coordinator Captain Kangaroo Gilbride, to pack their bags and just GO.

But I don’t want to hear a damn word from any of ye’s (sic) about the Giants’ recent four game collapse.  I especially don’t want to hear about how great the Pack, or that long haired narcissist Clay Matthews are.   What the hell is wrong with this guy anyway?  He’s like a woman with that shit.  Why is it so damn greasy the whole game?  Does he throw a bunch of conditioner in there so it’s nice and greezy (sic), so no one can grab him by it? 

Just get a haircut, Laughing Boy.

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Right now the dollar is struggling to re-assert itself despite it’s being leveraged against every shit currency in the free world.  Despite all that, currency traders are wising up and beginning to bid the “savings plays” up again, chief among them the yen.    So, even as the dipshits at  S&P do the Fed’s bidding by trying to scare the German’s pants brown, the dollar still struggles to even achieve today’s earlier highs. 

Curious, no?

You won’t see me running about, flibberty-gibbet style, sorry.  I just don’t have the time for it.   I’ll stay in the gold and silver plays I limned for you last week, thanks very much.  I still own some GSVC as well, btw, and even some WNR (the calls I wrote against them twice have all expired, too).  

I really hate to say “I’m with Teahouse,” but at least it’s not like I’m sitting on the fans’ side at Foxboro or going door to door for Ketchup Usurper John Kerry, right?

My best to you all.

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Things just keep getting more and more peachy around here.   On Friday, as I revealed yesterday, I threw caution to the wind and grabbed a whole lot of miner and double ETF picks that I had a feeling would make a strong move this week.  Today I was rewarded for that Erroll Flynn-ish type of move not only by a strong move in the precious metal sector, but also a bonus Eagle loss to a team they should never lose to if they believe themselves contenders this year (sorry Bears fans).

Especially not at home.

That puts my Giants three games ahead of the “Dream Team” Beagles, albeit with three tough games still ahead of them (and one in the rear view mirror in Gilette Stadium -heh!).  There’s more than serendipity at work here, methinks…

Could it be the Turkey Gods are blessing us all in advance?  It’s quite possible, especially when you look at the evidence available in the $HUI — an index which up to now has been quite vexatious to those of us who trade “the original coin.”

But look what the weekly is telling us now… not only are we breaking out over old levels, but it looks like this time we’ve ample time left in the run.  Check out these stochastics on the $HUI weekly —

 

That’s right, we’re near the famed “$610 Maginot Line,” again, and with adequate momentum to take those levels out with aplomb.  And we all know that breakouts beget breakouts, don’t we?

So grab your favorite gold miner or royalty financier (RGLD!) or even multi-varied ETF (GDX, SIL, GDXJ), because I think there’s more fun to come.

I may even grab some NUGT tomorrow if I can squeeze some time out of my fire extinguishing duties.

No rest for the weary Gentlemen (and Ladies).   I will see you all around the coyne shoppes.

Best to you all.

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[youtube:http://www.youtube.com/watch?v=pF-oWhD2itE 450 300]

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Please don’t let the dollar rip your guts out over the next couple of day, eh?  As I’ve mentioned I’ll be outta heah (ovah heah) for the next five days or so.   I should be able to log on with no trouble when I get to my destination, but I make no promised.  I’ve been through enough travel hell to know never to take anything for granted.

That said, I’m headed to such a civilized place that they spell it “civilised” out there, what? Carry on old bean, stiff upper lip, bite on a hard scone and all that.

The miners rebounded today nicely, but I’m not yet convinced we’re done with dollar turbulence.  That said I am hoovering, ever so patiently, and ever so slowly, on select lots of RGLD, BAA, SLW, EXK and AG, not to mention filling in the chinks with plenty of GDX, GDXJ and SIL.   If you don’t want to mess around with individual stocks, those three are your best bets for the mining sector.

I really believe the $HUI might revisit $560 again.  If it does, and we get the bounce I expect there, that’ll be your green light.  Best to you all, and I’ll try to check in again over the next few days.

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[youtube:http://www.youtube.com/watch?v=sEDw9xgSmSc 450 300]

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I’ve found a bipartisan effort I invite you all to get behind.  Yes, that was me, invoking the word “bi-partisan.”   Harken quickly and not so lightly, as this will surely be a rare occurence not often repeated.

What I’m talking about is Representative Jeff Flake’s idea to “Staple Green Cards to PhD diplomas” so as to make sure we don’t cede any of that freshly minted U.S.-educated talent back to the Third World and worse (in the case of the Red Chinese).   Even President 0’Bama has gotten behind the idea, despite his telling Steve Jobs that he couldn’t sever the Gordian Knot of immigration reform gumming up the Congress.

And why not, I ask you?  Post-secondary education is one of Americas remaining differentiating advantages, and smart children from the world around come here to take advantage of it.  Why shouldn’t we make it easier for those bright individuals to enhance our quality of life here, not to mention add to the employment ranks by creating new businesses and hiring even more people?  Did you know that half of Silicon Valley start-ups over the last two decades have been started by foreign born individuals?

Howabout this — we wouldn’t even have Steve Jobs were his Dad not here on a student visa.  Serendipitous, no?

Maybe we should take the cue?

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Well that dollar bounced severely today, and so did my Skiffles, which are my one remaining hedge.  They weren’t enough to make up for the blood on the ground from my newly minted mining additions, but I’m not even yet half invested, so I’ve got a lot of room and a lot of dry powder…

And a lot of patience.

I will be adding to my Skiffles tomorrow, however, if the dollar continues it’s climb.  Gold is holding up strong here, and so is silver, which bodes well for the miners.  If this were a real commodity sell off, silver would’ve been bludgeoned far worse today.   BAA is a quarter shorter than yesterday and I might add to my holdings there in the morning, as I really liked the way it looked like it was being accumulated at the end of the day.

If you want to play with more generic pieces, keep GDX (large cap gold), GDXJ (junior gold) and SIL (silver miners) in mind to play the ETF field.  For the more adventurous, like m’self, I also like NUGT on a pullback here as well as AGQ.  RGLD, last of all, is showing nice relative strength.

See you tomorrow, I hope.

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Welcome to your dead cat bounce, dollar bulls!  Thanks to manic Japanese Central Bankers, the dollar index is soaring this evening.   Don’t underestimate these deadly serious Nipponese, they know where their bread is buttered.  It’s on the export toast of their choosing, hopefully in the form of Sonys, Toyotas and Nintendo Wiis for your flabby American children.  And for that reason they will try to cheapen the Yen as much as physically possible against the gossamer U.S. buck, which is being issued like so much Greek toilet paper to the free world, in the off chance that it might absorb some of the debt poison that’s infected the globe.

Quite a trick for the Japanese, no? Their problem is that, although a debtor nation,like their profligate friends in America, their debt is largely held “in house” by a large group of Japanese washerwomen who wouldn’t think of selling their .01% returning Japanese postal bonds, lest the Emperor be shamed and have to silence the lot of them, bushido-style.

As an aside, this reminds me of when I was getting my MBA in New England in the 90’s.  We had about 20 Japanese (bankers, mostly) students who were being paid to attend my school.  At the time, the Yen was trading at 88 to the dollar.  Geezus did those fuckers live high on the hog!  In between swilling copious amounts of bourbon (you trying to land a Japanese client? Bring mucho Makers Mark), they would go on egregious trips to Egypt and Malaysia, and wherever fuck all they wanted to go — usually with their wives (they were almost all married).  Meanwhile, poor American dopes like myself spent the rest of our bonuses on tuition and textbooks, usually racking up some serious debt along the way.  Sure a couple of us were lucky enough to get our tuition’s paid for as well, but no one got paid like these Japanese dudes.

Meanwhile, today the Yen is trading at about 75 to the dollar (79 as of tonight’s intervention).  Gives you some pause doesn’t it?  Screw “Occupy Wall Street” — those fuckers are losing their jobs.  Howabout “Occupy the Dartmouth Green/Harvard Square/U Penn Quad?”  Let’s get some back from these Japanese MBA blighters who can now afford to take at least a dozen hippies out for sushi a night.

That is, if they haven’t left for Cairo on Fall Break already…

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Listen up, something’s going on.  I had — no joke — one of the most prolific weeks of my life last week.  I’ve been working all weekend.  When I get done with this, I’ve a book to mark up.  I may get a sliver of sleep tonight — Dangerous Monsieur le Docteur-style.

What caused everyone and his uncle to decide to pull the trigger last week?  Was it some sort of manic Golden Ratio confluence ?  I don’t know, but I am right now busier than a Jehovah’s Witness at an atheistic pimping conference.   I will try to attend to you, I promise, and please, forward as many questions as you can through the comments section.  One warning — I will be out of the country starting Thursday and through about Tuesday of the following week.  I will try to log on and give you updates as best I can.  No promises, however.

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Here’s the deal.  The dollar is bouncing and I guess we should expect that.   Do we drive back above $76.20 or so, and thereby violate the breakdown of last week?  I really don’t think so, but we should be prepared for volatility here.  I think it’s important to get back into the PM’s here, even if we are in drawback mode.  From a monetary standpoint the world is getting nervous, and that leads me to believe in the commodities, especially silver and gold.

And you know I love miners, and I’ve noted a few.  Can I leave you with a high risk but potentially high reward junior that I’ve liked for some time?   BAA has been percolating for some time, and I thank my Democrat friend Teahouse for the recommendation of its monthly chart… If there’s one thing a longer term chart will give you, it’s perspective.

Here’s what I think is the play on BAA, but feel free to choose any of your favorite under-$5 juniors (AAU for example) for similar analyses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

My best to you all this week.

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