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Sometimes we are dealt a great hand. It’s important to endeavour to make good use of it “whilst the sun shines,” etc., etc., but it’s also a great excuse to reflect on personal responsibility and even gratitude.

There’s very few of us who visit these here internets who are not hard working and deserving of well-earned success.   There’s nothing wrong with assaying how far you’ve come as a result of personal sacrifice, ingenuity, and sweat equity– and, correspondingly–nothing wrong with giving yourself an attaboy (girl) for sticking it out and getting it done.

As long as we realize that’s not the primary goal.  

We’re here a short time, and there’s plenty to do.   Staring into the sun or the mirror are equally useless activities, albeit harmless if performed in small doses.  

Better for you in the long term, however, may be this prescription — if you’ve climbed the mountain, you might think about what you can do set the next schlub up to do the same.  

After all, just from a strictly aerobic standpoint alone, there are plenty of mountains and plenty of schlubs out there to keep you busy.

Beats golf, anyway.

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I did finally end up getting some TNA today, albeit late.  I was running around in meetings this morning and missed the open, so I waited til almost 3 pm and got in at $36.18 and $36.28 — a full dollar higher than the open, which is where The PPT told me to get in.  

Lesson learned — never second guess The PPT.

I also increased my position in ENTR by a bit at the dreadful number of $6.66.   I will try not to read into that one too much.

You know what happened with silver and gold.   ANV in particular was really looking good.  Let’s not gloat.

Best to you all.

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Yes it is….

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I haven’t a whole lot to add, save that I expect a ripping bounce (at least) if not a further resumption of the dollar bow-out.   We actually came within four cents of hitting $82.50 after hours on the DXY (dollar index) and I wouldn’t be surprised if she tried for the 50-day at $83.06 after such a ramp.

That said, The PPT is very deeply oversold and that’s worked as a signal for me for the duration, so I will respect it.   The dollar has already busted into overbought territory on the 5-day RSI stochastic, and even the slow stoch is  catching up after being severely oversold just yesterday.  Expect volatility, but continue to expect dollar death.  It’s already back down to $82.25 this evening.

For tomorrow, in time-honored The PPT tradition, I will be soaking in a mixture of Epsom salts and TNA at the open.   As an after-bath aperitif, I will be enjoying a balsamic vinaigrette and gin reduction of ENTR, which wants higher, despite today’s crazy ride.

Gold is holding steady and so is silver.  Add to long term plays as you see fit.  RBY was even up today, God bless her.

Best to you all.

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Miraculous events characterize  our lives, and I’m not just talking about market stuff here people. I’m talking about real life arcana, too. “Flashes of the shutter” kind of stuff.

I got some great, great  news today, and it had nothing to do with bidness, or even this not-so-miraculous market revival, although both of those subjects have been full bore eggsellent for me recently, thanks be.

No, I’m talking unexpected news from a friend that made my week.  I’m hoping he’ll perhaps come to these boards and share some of his wit and wisdom with us.  We’ll see.

Back in quotidian world, ADCT (up 41%) was bought out, in miraculous fashion, by notorious planet eater Tyco (TYC). Are we back in the late nineties again? Look for more big M&A’s to continue to power this funny money market. Assets aren’t cheap, but the fiat is.

For my part, while I wait for my golden babies to take off again, the names I gave you last week are ascending like Icarus on a cloudy day. Remember what I’d said about ENTR?

It’s still a buy here, in my humble opinion.

Then there was POWR, which I rolled out at the same time as ENTR….  I think it’s just a little bit behind it’s cell mate, but geared for a similar breakout.   Check the signal:

The explanation for these phenomena is not mysterious.   The dollar, which I thought would breach $85, if you remember my chart from the other day, before returning back to it’s down sloping ways, only made it to $84.56 today before dropping almost a full dollar (no pun intended) from there.  

Disgraceful, but not unexpected.   Trade accordingly, and remember the key Jacksonians.

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[youtube:http://www.youtube.com/watch?v=H9V5yUsrmdg&feature=related 450 300]

Sublime Beauty Clears the Head, No? ( And Dig Larry Kudlow on the Fife)

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On vacation and feeling only slightly more put off than usual by the usual cynical sniping on these fora.   I’d thought we’d put these AGW hand wringers to bed when their entire academic conspiracy was blown some six months ago at it’s corrupt heart in Merry Olde Englande.   But no, some control freak Big Gov’t types don’t even know to fold when their pair of deuces is called and found wanting.  

So be it, I won’t let the teeth-gnashers ruin this generally good mood I’ve been in, despite the real threats to our economy and freedom in these United (still) States.   For myself, I am going to continue banking on — and banking coin on — the ingenuity and innate elasticity of the American people, despite the embittered natterings of the “entitled” ignoranti who believe they are owed a living. 

But enough of that.   There are two stocks I believe are set to continue making outsize gains in the coming Bearcaploypse Now.   The first with which you are well familiar — the much discussed ENTR.  

It has not been taken the pounding so many did in this recent pullback, but you can see that it touched support last Thursday and now seems poised to finally break that $6.75 barrier.   Fly will get you ten this thing goes to $10.

The second near termer is the little brother to fast walkers CREE and VECO.    I think POWR has been consolidating nicely on this weekly chart while staying with it’s trend.   I like it to pop with any post – Fourth fireworks this week.   Look for new highs here, too:

You should use that trendline as your guide.  We very well could drop down to the mid $8’s here again, but I think that should present a nice opportunity.

On the precious front, I continue to love ANV and SLW here as the strongest launch contenders out of this pullback, but RGLD may be the cheapest value play of them all, this far below $50.   Your call, I love ’em all.

Be well, and take courage in knowing that even dumb left-leaning governments can learn, as the Ozzie’s foolish decision to tax their greatest exports and economic engine (their mining sector) was recently diluted by 25% (from 40% tax to 30%).   Only 75% more to go….  (eye roll)

Best to you all… I shall be checking in sporadically during the day, as my B’berry access will be limited this week.

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 [youtube:http://www.youtube.com/watch?v=QjA5faZF1A8 450 300] [youtube:http://www.youtube.com/watch?v=QjA5faZF1A8 450 300]

(C’mon, you didn’t think I’d let the Koreans have the last word, did you?)

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Two things I want to show tonight.   The first reflects the cumulative power of standing fast in your convictions.   Who knew ENTR would be such a hit?   Well, the Fly did almost $4.50 ago… but maybe we didn’t give it enough attention, and looked away too soon?

I wasn’t one of those, mind you, but that’s because I really enjoyed the thesis of holding on to quality stocks that show a tinge of “venture capital” action — that is — the big game hunt.    I am an Elephant Hunter, not in the sense of Glenn Greenwald or the New York Times going after the GOP, but in the sense of seeking large wins that I will stalk for many months before making my move.   ENTR is one of those, and as you can see, it’s today, after much weeping and gnashing,  almost three times higher (200+%) than when the Fly was recc’ing it originally at below $2.25.   Note the chart I put together many moons ago, and where we are now–

The power of patience is an awesome one to yield.   As Jesse said… sometimes it’s best to just sit on one’s hands…

Which brings me to our next guest, the vaunted “triple top” formation of  doom seemingly forming in the sainted gold bug index — $HUI.   Is this the end, or does it just warrant more patience?

You already know my answer to that question….

Best to you all, PM friends.

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