I’ve been lying low, deep within the underground catacombs of my hardened cee-ment (sic) bunker, waiting for the air to change before speaking with you again. Last week the dollar was on the edge of a knife, and it looked like it was poised to strike a blow against my precious metal position that even I, in my well-defended fortress– Haz-mat suited and full-fetal positioned– would find difficult to withstand.
But this morning, after a 36-hour narco-nap, I decided to “up-periscope,” fully expecting to witness scenes of post-apocalyptic societal dissolution. Instead, I found these guys scurrying about, handing out large wads of $100 dollar bills for 500 yuan a piece.
Is it possible we are just enduring one last head fake before the dollar re-asserts itself and makes mince-meat pies out of all my lovely precious metal and rare-earth positions? It’s certainly possible.
But for now, I will revel in the respite, as Stealth-Bernank and the Chinese work out their differences and my “tell-tale” stocks — UPS, FCX and the rare-earths (REE, MCP, AVL, QRM) move nicely here.
If you prefer gambling to regular, gentlemen’s club smoking room type investing (UPS, COP, CMI, MON, etc), then there are two current seat-of-their-pants plays I’m watching right now – sugar high confectionary profits in IPSU and a little-bit-nutty, a little-bit-slutty rare earth play AVL.
I also like SSRI, here, mostly for the pricetag on its silver.
God bless, and I hope to be with you more often this week.