[youtube:http://www.youtube.com/watch?v=P3QYLJ8zH5E&feature=related 450 300]

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In certain Northern Mid-Western climes, the citizens have become so mushily liberal that — in their overwhelming compassion –they have confined their hapless professional football teams to a regulated indoor environment.

As a result, no one in these left-leaning regions need suffer for their gridiron art in the fashion of Lombardi, Hornung, Robestelli, and other Hall of Fame stalwarts of the past.   Come game time, both players and fans can loll about at room temperature, consuming multiple jumbo franks and 64 oz. Mountain Dews without fear of nippy nose or chilly tootsies.   

Real tough guy stuff, no?    You’ll find it no wonder, then, that these teams haven’t won a Superbowl in… well…

Forever.

I bring this up in order to levy well deserved shit to Chief Admin Jeremiah and his wussified, faggot-assed (not that there’s anything wrong with that) Minneapolis Metrodome Vikings.

I mean, if you are going to be pussified about going to see a game in the weather — despite your arguably holding a home field competitive advantage (see “Packers, Green Bay“) —  then by all means build youself a cozy indoor stadium so you can spare yourself the chilblains on your vanilla layers of Midwest portly.   

But do us all a favor, eh, Minnesota?  Please get yourselves some architectural engineers that will factor in the possibility of snow accumulating on the roof, eh?  You know, just in case it gets warm enough to do so every now and then?

Thanks so much.   Your friends,

The N.Y. Giant Fans With Three Superbowl Trophies and, Not Coincidentally, an Open Air Stadium

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It looks as if The Bernank (sic) and his antics will continue on, at least for the beginning of options week here.   Like a good neighbor, I will be reducing my positions again, trimming here, trimming there and braiding the remains for a nice Christmas streudel rope to be given out to wassailers and other visiting Folk o’ the Yule.

I will probably get rid of the last remnants of my IAG calls, which have been less than satisfactory these last few weeks.  I will likely retain the underlying stock, however, and only be trimming my outsize positions (ANV, SLW, EXK, GDX) to raise some cash for the new millenium, where the chief currency will be penny farthings made up of plastic doll’s buttons.

Again, this is not the long term strategy, and I will not be taking down my core, only my oversized accumulations, which have done so well since September especially.  More tomorrow, if I can get out of my driveway.

Best to you all.  And keep an eye on BIOS and ENTR.   These old stalwarts seem to be making a move again, as do non metal Jacksonians ANDE , TCK and TC.

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He was Emo when Emo wasn’t cool.
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Stubbornly and like an ass, I sold continuously throughout  the day.    

In drips and drabs of course, but it becomes cumulative after a while.   Frankly, I don’t know how Docteur Le Fly does it.   It seems like one day he’s fully invested and then — BOOM! — He’s 60% in cash.

It doesn’t even seem to faze him.

I, on the other hand, agonize on every share sold in a rising market, even as I know deep down in my medulla oblongata (sic), it must be done.  I am at a little more than 25% cash right now and I feel as if I’ve been scourged on the wheel for a fortnight.

Perhaps I shall cut out that nasty M.O. and be shrived of my cognitive dissonance sins at last.  Who needs motor function anyway? I can always blog at you via sophisticated “eye-blink” technology, right?

Onto the shriving.   Needless to say, I bought nothing today, despite the ambulatory nature of such Ag Gems as Jacksonians The Andersons, Inc. [[ANDE]] and Monsanto Company [[MON]] , which finally broke back over the $80 barrier.    You remember the old Fly-saying, yes?  “If it gets over $80, it’s going to $120?”

We shall see.   I also like Intrepid Potash, Inc. [[IPI]] and Agria Corporation (ADR) [[GRO]] , but lower.

Sales today were across the board on the PM’s and I even took the time to sell off some odds and ends as well.

I sold some enormous Eldorado Gold Corporation (USA) [[EGO]] today — almost 30% of my stash, 4k at $13.12.     I also sold 2k shares of the enormous performer IAMGOLD Corporation (USA) [[IAG]] , one third of my holdings in that name, for $18.85.    Sawing a hunk of my shoulder blade off would’ve been less painful.

Of my 6k shares of [[GDX]] I sold 2k outright at $50.18, and then hedged the remainder by selling March $50 calls at $5.25 a piece.

Taking a dull spoon to my eyes, I sold another 4k of Silver Wheaton Corp. (USA) [[SLW]] , and then hedged 7k of the remaining 11 by selling 70 March $16 calls at $1.90 and $2.00.     Perhaps talking about it here will assuage my pain? 

I sold 2k of [[PAAS]] at $24.68 and another stray K of Allied Nevada Gold Corp. [[ANV]] at $12.16, leaving me with 4 and 10k respectively.    What will you have of me next?  My children?

Oh my, I must have been putting this one out of my mind, as I’d almost forgotten… I also sold 8k of [[EXK]] today (40%!) at $3.68.  Arthur Koestler, I know your Darkness at Noon!

Last on the precious fronts, I sold 1.5k of [[CDE]] at $21.99 and $22.03, and 4k of Rubicon Minerals Corp. (USA) [[RBY]] at $4.16.  

On the “odds and ends” front, I sold another 2k of [[BIOS]] at $7.68, leaving me with only 2k left, which I will not sell outside of Armegeddon, where I may need River Styx fare. 

I also sold 6k of Citigroup Inc. [[C]] for a rare loss (only a couple of pennies plus commish) on a complete “cautionary” basis.   I think I can buy those back cheaper, is all.    Last, I sold a stub amount (1k) of Sinovac Biotech Ltd. [[SVA]] which I’ve owned since the low $3 range, for $7.51.

Last, but not least, I booted the remainder of my [[ERX]] (1.5k) with the dividend pushout, at $38.46.

I am quite exhausted and on tenter-hooks, ovah heah, but I must trust my charts and instincts, or all is lost.   I am thinking we will see a correction at least into Turkey Week, as Tim Geithner and the Klown Kircus will be selling more yummy T-bonds into the maw of Mother Market whilst we prepare for Pilgrim Foods.

You know what that usually means by now, I expect.   If not, you have not been paying close attention, and are condemned to suffer the fate of Piglet during Swine Flu Saison (sic).    (Ostracism)

Best to you this weekend.   Off to see an Opera.

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Addenda — if you haven’t already done so, be sure to ring up your block head Senator and tell him/her that this Obamacare is a train wreck waiting to happen.     It looks like Dirty Harry Reid and the Dem Senate are taking a page out of Madame Pelosi’s book of legerdemain and are going to try to jam this through in a Saturday Night Special.   If this were a good bill, of course they’d have no need to be so serpentine.

Ciao.

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Be-ware!  Be-ware! Beware-Beware-Beware!

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What makes a bear run nekkid onto the piazaa you ask?   The promise of honey, mayhap?

Mayhap, rabbit… mayhap.

But you simply must ask, if only for the sake of  civilized conversation — what honey is available, Mr. Silver Urso?

I mean, the traditional price ratio between gold and silver has been in the 40x area in our “modern era”  (i.e., “Post-Rooseveltian gold grab, 1933.” )

This evening, with gold at $1,108/oz. and silver at $17.39, that ratio stands at a hamster’s whisper below 64x.

For those scoring at home, that’s a 60% premium to the historical ratio.  

Ironically, it appears shorting [[GDX]] is a better roll of the dice than shorting [[SLV]]  here.   Why you’d be cracked enough to short either, however, is a question for those better schooled in psychiatry than myself.  

I vote “secret death wish.”

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On seeing the Silver Bears in the Piazza this morning, I loaded a bit more [[AGQ]] — 400 shs at $60.55, bringing us within 600 shares of my longer term goal of 4k total.    First target on SLV is $18.08 and then $19.13 and then to the old highs at $20.66.   

Silver Wheaton Corp. (USA) [[SLW]] broke to post-crash highs today, and will run into congestion at $15.00, so be nimble here.

Looks like [[GLD]] is comfortable staying over $106.50 at least for now.   Whether we continue to break out, or will consolidate some here, will depend on that line, I believe.

On non-PM related topics, Jacksonian Long Term Hold Monsanto Company [[MON]] had a BTFO on the revelation that more of their universe-changing IP is being rolled out earlier than expected.  

Odd, no?  

Get Frankenfoods or go eat a frankfurter, hippies! 

I sold half my $70 strike November MON calls that I bot on the Bollinger Band crash trade back in the high 60’s a week or so back, and am holding the rest to dispense with on a follow-up tomorrow.    Or not, if none materializes.  

Also, [[BIOS]] continues to btfo, despite my having sold half my position in the high 7.90’s.   I will continue to hold as a result of this continued move.

Good luck, piazza pizza eaters.

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UPDATE:  Some fun facts for the healthcare debate crowd, courtesy of The National Center for Policy Analysis.

Enjoy!

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There you stand, all “a-guts”with leftover Halloween booty, still feeling a little queasy from too much of that new beer you bought after seeing the “Most Interesting Man” commercial (you didn’t know it wasn’t Tecate… you just told the guy the guy at the bodega… “that Mex beer… you know?”)…

And now, this post-pumpkin Halloween Surprise and a half market.

Well, hold onto your grapes here folks, ’cause I think we’ve gotten an RSI scrape-out and bounce here on the [[HUI]] index, and I think the famed 38.2% fibonacci level has held as long term support in the $378 area.

This is significant because it looks like the price of gold is heading back up again– as mentioned Friday and again today– despite the best efforts of the IMF with their attempts at silencing the insatiable third world gold demand and despite even the recent dollar strength.

I think the overall markets may have one more wiggle before the lows are in, so you may have one more opportunity tomorrow to grab some miners before they begin their march back to El Dorado without you.

I like Golden Star Resources Ltd. (USA) [[GSS]] , [[EXK]] , [[CDE]] for “bang for your buck” cocaine dependent trader types, and I think IAMGOLD Corporation (USA) [[IAG]] and Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] are the best of the Jacksons right now.

As my nemesis, Hippy Red Neck Purdy has rightfully pointed out, [[BIOS]] has broken into that “free air” zone I mentioned in bloggish notes past.   I think it’s good to the $9.50 area in the near-term, fwiw.

Last, for you degenerate gambling types, the double ETF’s [[AGQ]] an [[ERX]] are looking like they are ready to start le bon temps roulletting like a bourbon filled Jeremy Shockey in the House of the Rising Son with Ragin’ and Andy Swan as his parallel-pounding wing-men. 

So hold your gourd, pumpkin eaters, this is seed-spitting time!  

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Update:  For the sadness of All Saints

[youtube:http://www.youtube.com/watch?v=Gvb65dCMjZI 450 300]

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Not General Jackson, but “the Earl” himself!
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Oh my, did you see that egregious sell-off in the last hour of trading?  

My heavens, I almost had the vapours (sic).   I high-about had a hernia.   In a fit of panic, I frisked the cat thoroughly for hidden weapons.

Almost everything sold off, including our friends at the [[SPY]] , our “tell” index.   

Well, almost everything.   [[BIOS]] was strong into the close, almost as if everyone was watching all the buyouts happening in its industry.   (That’s The PPT information I’ve been linking in the notes, fyi.   Have you signed up yet?)

But you know we’ve had these swoons for months now.   In fact, I count seven of them in the last three.   And yes, we are nearing a dollar bottom, so there’s likely to be some weakness here,  just as we’ve had those seven times in the past.    What’s important is that the trend, as herky jerky as it’s been has stayed UP (thanks to [[UUP]] , maybe?

Check it, Chekov, and chillax:

 What to do?  Oh what to do?

Sell some calls, trim some wins, stack your bologna for the next round, maybe?

Better yet, consult with the earl for your favourite (sic) bread-bordered meat & cheesy comestible.  

I am out all day tomorrow on a coastal state excursion, so my interraction will be spotty.    I will be checking comments.   Ciao.

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Breathe in, breathe out…

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Rather than torment you with additional gold and silver picks you should have purchased months ago (like Allied Nevada Gold Corp. [[ANV]] and [[CDE]] to mention two non-Jacksons that have been knocking the leather off the Rawling’s “A-Roid Style”) I figured I’d revisit two recommendations I still like and think will make a move as soon as tomorrow.

The first is [[BIOS]] which is a pharmaceutical management company that I’ve mentioned before, and which I think is finally ready to make it’s debut in high-falutin’ BTFO Society.    Below is the daily to show how close it came today to breaking out.   I think with the Apple Inc. [[AAPL]] news, we may have our chance to trip the light fantastic.   Earnings are slated for October 30th (a Friday) and I think we’ll have a run before that date.

What’s nice is that this breakout area as shown will likley be returned to — however briefly — for the requisite “bounce.”    If we don’t break tomorrow, you can see the rising support trend line for additional entry targets:

And here is BIOS’s weekly, showing the free air gap available to almost $8.70.   Again, I expect it will pull back at that point, but I like this name, and this company for the long haul here as well:

Second, Goin’ Fawr, the Canadian Loon, mentioned the rare metals today.  True, they’ve been hot.   Sociedad Quimica y Minera (ADR) [[SQM]] allows for some lithium investment while also being a great way to play agriculture (including potassium and nitrate fertilizers) South American style.    Like Aracruz Celulose SA (ADR) [[ARA]] , SQM can be an alternative to POT and MOS by avoiding nasty dollar based currency associations.

Dig the muy importante 61.8% long term fibonacci level at $39.89.   Gentlemen, if there were anything that I could drill into your heads, it would be the importance of achieving, and then beating that line.  

We’ve achieved– you can see in September, we briefly broke above $40.

We’ve retreated these last few weeks while beginning to build “mo” again.

Gentlemen (and ladies, let’s not forget the lovely lovely ladies), I think we are ready to go, maybe as soon as tomorrow.

Dig the scenario, Daddy-o:

Tomorrow should be momentous for the above stocks, as they are poised, as it were “on the edge of a knife.” 

Let your vorpel blades be sharpened. 

Snicker-snack.

Snicker-snack.

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