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It looks like Argentum Silver is leading the PM hordes forth again, most likely as a direct predecessor to another dollar break here.  Up over 2.5% as I type and outpacing it’s usually more lively cousin, Aurum Gold, which is up only one-tenth as much.

I think this is a good sign, even for you non-PM investors, as silver is the more sensitive to the “commodity” and “industrial” sectors, and it’s rise here should be good news for all of you commodity speculators, whether you be earl rustlers or coal bandits.  I will continue with my investments in refiners until they stop making sense, however, even with a rise in earl.  I continue to like WNR and PSX, for instance.  HFC as well.

For silver bugs, I went long(er) today by adding to my AGQ position, for the short term trip to the 200-day EMA, at close to $50 right now.  I will likely sell this additional piece off when we reach that mark, however, as I don’t like to be too heavily leveraged in this volatile metal.   At least, not for any length of time.

I also like EXK here, despite it’s continue pokiness compared to jackrabbit AG.  SSRI also seems to be re-gaining ground, if you are of the speculative sort.  As always, SIL and SLW are the formidable base of my silver horde, and I recommend those for any toe dippers.

Best to you.

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[youtube:http://www.youtube.com/watch?v=0fSEjlLQcRY 450 300]

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The dollar’s off 70 cents as I type this, down below $82 again to a low we haven’t seen since mine and the Fly’s birthday on the 25th of last month.  That “chuffing” sound you hear is Ben Bernanke’s magical reverse vacuum blowing hundred dollar bills at Spain by way of behind the scenes European central bank bailout transfers.  $125 billion you say? It’s a mere bag of shells when one can print up one’s own constantly deflating sovereign currency in a zirp atmosphere.  Isn’t this fun?  Why didn’t Japan think of this??

Anyone else getting the hard stuff while it’s cheap?  Take a look at my two “T’s” — TKC and recently murdered TC for a flyer.  Of course I still love BAA, but ANV is looking very tasty and has RGLD ever really disappointed you?  On the silver side, it’s broken record time again… AG, EXK and SLW remain the nobles.  PAAS for a flyer. For those with less time, GDXJ and SIL are the ETF plays for now.

I had one of the worst Friday’s in my career this past week, dealing with a very large dollar client issue that one would have to hear to believe.  One thing I can say about my industry, there’s hardly ever a dull moment.  You guys think trading stocks is a bitch?  Try something more illiquid next time…

Best to you all.

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

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Yep.

 

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Today looked like the the long awaited respite we”ve been waiting for in the miners.  A faithful poster pointed out AEM yesterday as a possible buy.   I like it here in “accumulation size” especially with that fat 2.5% dividend (that’s phat for the miners).

 

I also hoped you joined me in indulging in your favorite quality stock purchase these past two days.  I chose SLW, but RGLD still looks great, as does EXK and AG.

Best to you all.

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 I’m just not certain I can take it any longer.

You know I have a theory.  The theory goes like this (and I admit, up front, it’s far fetched)…  Sometime during the Cold War, certain powers that be in the U.S. and Europe decided, in the name of keeping the West free, to innoculate their states periodically with a nasty dose of tyrannical gov’t .   They did this knowing that electoral politics would eventually usher in a balancing freedom-oriented policy regime that would relax the tyrannical restraints and allow natural markets to “flush out” the body politic as it were, and restore the “classical” economy to it’s normal value-creating state of spreading prosperity.

A lot of people think that first post-War inoculation shot came with Jimmy Carter’s inept single term.  However, I believe Carter was really just the capper of a particularly loathsome trio that started with Lyndon Baines Johnson and was followed directly by Richard “Wage /Price Freeze” Nixon and his milquetoast second veep, Gerald Ford.  Those three created a cycle of war and inflation (Nixon took us off the gold standard for good as well) and stupid economy gumming regulation that culminated in the body politic crying Uncle for a respite.

In that regard, Reagan only had to do a few things, just as Romney will only have to do a few in January of 2013.  Like Reagan did, Romney will only have to undo some of the more illogical (and unrealistically ideological) regulatory burdens thrown up over the last six years since the Pelosi-Reid wagon rolled out of the 2006 electoral winner’s box.   Too, Romney will have to dismantle Obamacare, and that might get sticky, considering it’s tar-baby-like, multi-thousand page, unfunded legal status.   Tax reform will also take some hard work and many late night battles over ideology and dollars and cents (sense?)

But our economy is a funny thing.  It’s self-repairing for one thing.  In fact, ironically, all it really needs is for the beatings to cease for morale to really improve.  Everyone who ever got past elementary economics knows that does not mean blaming regulatorily-enforced high carbon fuel prices on “speculators” instead of on a police-state-level blind ideology that won’t take even the most elementary steps (Keystone is not just a great light beer, Mr. President) toward self-preservation.  Smart citizens — and even not so smart, but just not so readily blinded citizens — eventually grasp the simple basics of supply & demand, and from that can intuit where the power to manipulate markets really resides.

But the good news is that such dunce-cap buffoonery will soon be over.  The sleights of hand, the excuses and the kabuki grow wearisome for all but the most ardent of clinging acolytes.  The counter-scams and red herrings grow less comic and more maudlin.  Soon gone.

Soon.

Gone.

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SLW under $30, RGLD under $60 and EXK under $9.00 are birthday presents like not even Midas’s daughters received on the days of their betrothal.  If I get ten seconds of meeting-less, conference call-less bliss tomorrow, I may even pick up a bail of in the money options.

Bless you for your patience with me, and with our economy, ever resilient.

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The Louisville Cards went down to the infamous Junior NBA Team on Saturday evening and I have only recently discarded my widow’s weeds of mourning.  I have not neglected you, however, as my heart and my long term picks remain with you, even when my corporeal presence is otherwise occupied.

As for today, it seems the U.S. dollar is doing it’s usual plungerooni below $79 again.  When it breaks $79.60 with vigour (sic), please call me.  Until then I will be eyes forward on all of my “X” play metal picks.   Of particular interest are the siblings XRA and it’s offshoot XG (or is it the other way ’round? No matter).    XRA is currenlty up 5.5% at $2.89, and XG is up over 3.6% at $6.26.

My other X-play is on the silver side — EXK, my old favorite, up 3.8% at $9.86 this day.    For lotto type picks, I continue to recommend the accumulation of BAA and AAU, both also up today to varying degrees.  

Last but not least, let’s not forget the rare earths.  I know they are frustrating, but you will kick yourself if they take off without you.  Besides MCP and REE (the more grandfatherly of the bunch), I continue to nibble on AVL and QRM.   As always, remain cautious.  Any rebound in the dollar will negate all this good stuff, and signal us to lighten our loads.

Best to you all.

 

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Yes, the Cards kicked ass in their usual inimical, erosive fashion, but the Lucky Birds are you today, my friends, not my 13 point winning, New York Giants imitating Louisville Cardinals.  Why you ask?

Oh!  How lucky you are to be able to catch the $HUI at the 200 day moving average!   It’s not often we get there:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’m  going to grab some GDX and GDXJ, today as I think we’re close to at least a tradeable bottom.  We will likely have to be somewhat nimble, but I think this might be the nadir — especially if the dollar moves down into an intermediate cycle low.  ANV and BAA are my best individual bets for the risk takers.

For those among you who are adventurous… the cheap stuff on the silver side is really, well… cheap  !  SSRI is looking especially tasty here, for example, as is AG.  EXK already started taking off yesterday.  Of course SIL is there for those looking for “pool” instead of “pond.”   Note also, the rare-earths as well.  If the dollar drops, they will all benefit.

Have a great weekend, and go Cards (and Cats and Hoosiers, whoops! I win either way on that one!).

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