[youtube:http://www.youtube.com/watch?v=OSYtQy9EqTA 450 300] (Highly Recommend the movie, “Snatch,” by the way)
___________________________________
Stuff has gotten a bit frothmatic here, and that means I will likely be taking some more off the table. I sold 70% of my SLW calls on Thursday and Friday of last week, and more than 50% of my GDXJ calls as well. I didn’t touch my IAG calls or my WNR calls, and I will let those two ride a few more days.  But all in all, I will be reducing leverage (options) here, rather than increasing.

Silver has gone ham in a way that makes all sane pigs quake with fear for their hocks.  Will this parabolic pole-vaulting continue?  Oh yes, it will, be assured.

But not without massive, gut-wrenching pullbacks that will have you alternatively cursing your mother and calling out for her like a stoat suckling, lost in the Deep Wood.  The key here will be staying porcine without losing your belly to the Bacon Merchants of Chicago.   Always remember, young chitlins — Oscar Meyer has no friends, despite his great wealth.

What’s still viable?  It’s questionable this week, as the profits will have to be snatched and then held close like a small hamster family you found in a rain storm.  I will be harvesting some AGQ here, for sure.   I will take from my other various silver nest eggs, and convert some of them (but not so much) into hideous useless “green paper,” for a short period.  

Some still harbor promise, however, and for the bold, I offer my EGO for your approval.  Note on on this weekly chart, we’ve achieved the triangle break we’ve been seeking… however so slightly:

Not impressed with that seemingly slight break?  Let’s look at it on the daily, then…

There, that’s better, no?  Truthfully, I don’t know what this sucker is going to do.  There are a lot of nice gold stocks that look like they are going to move this week, but I can’t help but feel like we are playing on borrowed time right now.   Play if you like, but be ready to take some off so we have plenty of cash for the next round of C-wave highlights.

We are not done here, ladies and gents, but the road will be bumpy before it gets like it was last week again.   Keep some crappy green lettuce ready for that event.

Slainte.

_____________________________________

Comments »

 

_______________________

As beautiful as silver and gold are, you cannot eat them.  No, not even the Wonka Bar wrappers or the Hershey’s Kiss coverings you’ve meticulously assembled into a quilt for the spare bedroom.

No, since they are only useful as “stand-in” for a much poorer form of currency, one can only use silver and gold as placeholders for the more awful green stuff that we can then exchange for our MACDonalds (sic) greasy burgers and large fries.

In other words, sometimes you have to sell– even the good stuff.   So why not, then,  cash a little in when things are getting a bit overstretched?   Especially in the instance of a number of our small silver miners.   EXK is one of my favorites, for instance, but even I can’t turn a blind eye to the recent break out of the triangle and (as I’d predicted) parabolic advance immediately thereafter.  Now may be the time to scoop a bit of cream off the top… just to make sure you have pizza money:

I think we blast through $12.00 tomorrow, and I do believe I will take off one sixth of my position when that happens, ensuring myself beer money for the weekend.

I also think AGQ and some of the other miners are in similar rarified air.  I may shave some off of those as well.

If I have some money left after many a frosty bottle downed, I may even grab some more of IAG, as I believe it’s months long “saucer” consolidation is at an end and it will soon be headed to $30, and more:

Note the above is a weekly chart, and that’s a long time coming chart if I’ve ever seen one.  I also see similar breakout potential in both EGO and NGD, the former being more immediate than the latter. 

I will try to post some more chart looks tomorrow.  There’s a lot to be excited about.  Play safe.

_______________________

Comments »

[youtube:http://www.youtube.com/watch?v=iCQ0vDAbF7s 450 300]

_________________________
Rock your socks off like a blazing set of gold & silver monkeys!

ANV?

AAU?

AGQ?

AG?

Folks, that’s just the “A’s.”

Heck, that’s just some of the A’s!

LOL.  Hang on, and keep your hands inside the compartment at all times.  These are historic times, and I’m glad you’re along for the ride.

Watch as long suffering junior golds like RBY, EGO, IAG and yes, even NGD, roar forward here.

Back on the road again tomorrow, but I’ll try to check in tomorrow evening.

_____________________________

Comments »

 

_________________________________
My world– it is broken.  I cannot tell up from down, black from white, cockatiel from northern tufted sparrow.

Fitty took Quaddafi Blood Money!

Fitty took Khadaffy Blood Money!

Ah haaaaah…  Fitteeeee  took the fuggin’ Choiduffy Blood Money!

(and so did Beyonce too!)

Where, where oh Lord, has the world gone off kilter when childhood heroes like this turn to ashes in our eyes?  Who now can we look to to fill the Muppets Tree Float on the Thanksgiving Day Parade route?  Who will take the opposite of Lil Wayne’s “Douglas” in the best stovepiped 16th Presidential fashion in the Annual Rapper’s Lincoln-Douglas Debates Re-enactments?

Who??

Warren Gee, where have you gone, man?

_________________________________________

Listen, that shit is all funny and everything but I was up over 3.5% in my stock portfolio and 27% in my option portfolio today, so I can afford to make light fun of a bunch of zillionaire celebrities taking more millions off a bloodthirsty murdering thug dictator who was personally responsible for the deaths of 190 of our fellow citizens, not to mention a schoolboy friend of mine, over the skies of Lockerbie, Scotland.

But let’s not play, that shit is pretty fucked up.   I’m sure there were quite a few celebrities who did the song and dance thing for old Adolph when he was in his prime, but I’m going to doubt it was after he started marching Tribesman off into the woods for target practice.

Curtis, what the fuck were you thinking?

Continue to purchase SLW, EXK, ANV, RGLD, EGO, etc.  We are on the thin end, yet.  Pax.

________________________

Comments »

____________________________
My fellow Americans… on this dark, dark day, when your PM positions have pulled back an egregious and insufferable one to two percent, I say to you, do not despair!

Do not feel compelled to jump on the gerbil wheel of drunken Chinamen.

Do not wander over hill and dale for the next Great Internet Bullshittery. 

And do not even bother getting short anything.  The Ben Bernank will shower all with increasingly feeble greenbacks.   Some will feel warm.  Some will point to value.   It will matter little.

Today, you must ask not what the dollar can do for you, but what you can do for the dollar.  At $76.25 or so, you can cheer the dollar on, and celebrate it’s deceased feline trampoline action by indulging in a select group of excellent names.  

They be SLW, PAAS, EXK, NGD, AAU, ANV, EGO and MVG.  

One other thing.  If you are worried about 5% moves one way or the other, and trying to catch every inflection, this game is not for you.   We are riding a wave of pure cement, and you are too small to challenge the intractable.   You will be entombed like a random concrete pourer on the mighty Verrazano.  

That is all, be well and healthy.

___________________________________________

Comments »

(The Doctor Was Right!)

______________________________

Le Docteur du Drosfila was correuct yesterday when he promised that The Santa Bernank would arrive soon and solve all your troubles. 

Well, he would if you were an earl and precious metal investor at least.  The rest of the “stock” market may take a little breather here as we reset for the next devaluation of your crumbly-tumbly dollar (down another 0.6% as I type this).   I wouldn’t get too worried, however, unless you are on food stamps or some other COLA-regulated form of government teat.   Because be assured, your welfare state is not looking out for your welfare, even if you are on Welfare!

Yesterday, on weakness, I indulged — as per my announcements on The PPT, peace be upon it — in a double helping of additional gold stocks.  I am quite full up on silver, though I may turn fat fingered vulgarian and grab a smidge more AGQ to take full advantage of any weakness.  The stocks I added to yesterday were EGO and NGD.   Some comrades on The PPT followed me, at even lower prices than I received.

Cursed be their names.

Today, I am looking at some additional weakness in ANV and IAG, and those would be where I’d alight first.  I am also looking at AAU and IVN as “exotics” as it were.   Royal Gold (RGLD) is also looking  juicy.

We’ll talk more tonight.  Good luck and Merry Bernanke to you all.

________________

_____________

Comments »