[youtube:http://www.youtube.com/watch?v=zf6s7HTmtyM 450 300] __________________________________
If it’s a schtick, so what?  If it’s an act, who cares? He’s saying what ought to be said.

It’s absolutely a perfect metaphor for our political process that these asshats think they can go after the big banks and securities players while leaving the hot steaming mess of Fannie Mae [[FNM]] and Freddie Mac [[FRE]] for another day and another half trillion dollar bailout.

It has to end, and thank the Lord for big mouths like Rick Santelli who know the game and will call them on it.

As for other heroes….

Allied Nevada Gold Corp. [[ANV]]   Boom!

IAMGOLD Corporation (USA) [[IAG]] Bam!

Golden Star Resources Ltd. (USA) [[GSS]] Shhhhher-pop!

Eldorado Gold Corporation (USA) [[EGO]] — Shazzam!

[[EXK]]   Ker-Pow!

And this is less than half the list…   

Where to watch for a step off?  Easy, I think:

Enjoy, but remain vigilant.  Best to you all.

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Okay, one more… my baby — Silver Wheaton Corp. (USA) [[SLW]]

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Bring the Goooooold, lads!
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Amidst all this market shakedown this week, thanks to the Goldman’astra there’s been one stalwart –the gold and silver metals and their miners.

Whilst today Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] were mildly to “extra spicy hot” OFF, my trove of golden doughnuts held form well, and in fact look to be setting an example to the rest of the stock world for when everyone else realizes inflation is coming. 

The [[HUI]] , which is an index for unhedged miners  makes for a great example of the relative and overall strength of its sector.  The weekly, which you’ve seen before, shows that the bounce off the 61.8% fib line continues unabated:

Even the daily is showing “whut-whut” these days to the pikers in other sectors:

These are the signs of sleeping giants, gentle people… and they are quite possibly being unleashed by their former masters in the Iberian and Aegian Peninsulas.  Whatever the case, you can be sure more printing is to come.

Here’s a beneficiary of some printing, as pointed out just two nights back.  Silver Wheaton Corp. (USA) [[SLW]] has now tested it’s breakout and is now ready to play in all reindeer games:

You know I’m biased, but you have to admit that’s a pretty sweet formation, no?  She remains my favourite (sic).

Best to you all, my friends.

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Bonus! — The title explained for those who missed the first posting.

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Glory Be! The Greeks have been saved with promises of free money from Eurotardish German bankers bearing multicolored sheafs of kroner, guilder, drachma and Japanese bearer bonds.   Let’s get drunk on Grappa, Stroppa and Babaganoosh, and dance the hairy mazurka with dark eyed beauties until dawn. 

That means all of my gold and silver picks are going to go skyward, at least temporarily, as the dollar is shrinking back to it’s old status as the emaciated mummy of the sovereign currency world.   I will have some junior players to look at for at least a short term pop below, but first, let’s talk about what the strong Euro will do to drunken Eastern Europeans.

For one thing, I think it will get Eastern European “wodka” distributors Central European Distribution [[CEDC]] moving even further than this pop last Friday showed:

I’m not going to post the daily, but set it for one year and look at that saucer breakout if you want to see something appetizing.   I think the $43 short term gap fill is a nice target, but I think this baby is going back north to its old highs just as sure as they crave fermented potato juice in Minsk.   Grab and hold.

I’ve been away a couple of days, the precious is going to go cardiac and I owe you, so here’s a couple of small-cappers that I think will move something nice this week.   First the gold play, then the silver.  

The gold junior is [[BAA]] which has been a laggard, but I think “not for long.”  Here’s the play:

Yep, that’s the “turtlehead” above the long term downtrend that I look for.   Check the daily now to see “whut-whut” on that downtrend break:

Yeah, that’s a turn for the better.  The same can be said, I think,  for my little silver friend [[EXK]] which I think is ready to really get with the rest of the beautiful silver peoples:

That’s a long termer, in my humble, but you can see where the short term targets will live while the dollar drops.  Keep an eye on [[UUP]] as your guide, but you should get at least a couple of days of dip out of all the Euroshort trading.

Poor bastids.

Best to you all.

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LED companies are breaking ursine snouts like Ranger Smith on a moonshine-induced weekend violence binge down at Jellystone Park.  PowerSecure International, Inc. [[POWR]] is another play that looks to be breaking out in sympathy.  The company is actually a mini-conglomerate focused on industrial stand alone power generation, but they had already been “dipping their beak” in the LED space for a bit before making this acquisition the other day.

As you can see, they are purchasing an engineering firm that works with a lot of the Cree, Inc. [[CREE]] technology from up the road in the Triangle Region of No’th Ca’lina.   I don’t know how much of the move this week is due to that Cree, Inc. [[CREE]] link, but it seems certain that this news is not hurting our acquiror, whose main business in providing emergency back-up power to stand alone facilities like supermarkets and hospitals.  

Personally, I think this stock was somewhat beaten down and the LED angle is just an excuse for it to head back to previous levels.   As you can see, this triangle breakout on the weekly shows that it’s headed in that direction:

 

You can see my targets above, but I might want to wait a second before jumping in here, after the massive two day move we’ve had.   Just as an aside, I gave this pick to the gentlemen of The PPT last night.    If you were non-pikerish, you could have hopped on this 10% ago.   Think about it, Mr. Pennywise-Poundfoolish.

Best to you all.

PS — I see the [[HUI]] topping at $475, at least temporarily, before making a run for the old highs at $517 or so.

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It’s good that we are all absorbing a little bit of pullback, here, as pain is good for the soul.

For myself, I was gone most of the morning on bidness, and then dealt with what I hope is the finality of all dental issues this afternoon.   As a result, I’m sitting here dealing wth some long sided oral Purgatory.   I only mustered the attention bandwidth to watch the pre-NBA team at UK break the slide rule white boy club at Cornell.

Here’s my quick and dirty on the $HUI daily.  I wish I could give this name one of these — [[HUI]] –and you could see the price, but you will have to take my word that it’s an important gold miner index I watch every day.   Someday, Jeremy will get around to synching the price to our system… sigh. 

Anyway, here are my thoughts.  We are approaching support, so I am loathe to part with any of my stock:

 

As well, here’s a weekly view of an old friend — a Florida landbank, if you will — that I think is worth a look for your long term portfolios.  The St. Joe Company [[JOE]] has finally broken the long term weekly downtrend line I identified last year, and I think may be ready for long term portfolios:

My aching best to you all, and Congrats to UK for getting into the Final Eight.

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Note, upper left corner — “The Perfect Sammich”
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To the chagrin of Bears and cash horders everywhere, the unemployment numbers were magically re-arranged in unicorn land to gallop forth and match the pixie-dust retail fabulations we got yesterday.

Ladies and gentlemen, I’d like to take this moment to thank The Gap Inc. [[GPS]] for saving America. It’s quite obvious that all those laid off investment bankers and advertising execs are putting their latest model Research In Motion Limited (USA) [[RIMM]] and Apple Inc. [[AAPL]] communications devices to work via banana-skin-tight tee shirt sizing down at the Mall of America.

Let’s face it, late stage consumer meltdown (“don’t get mad, go shopping!”) is the only logical answer to our employment resurgance (only down 35,000 jobs this month, President Obama, we thank thee!)– Coo coo coo joo, Urban Outfitters, a nation turns it’s plastic cards to you… hoo, hoo, hoo.

Hoo, hoo, hoo. Now, get back to folding!

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We didn’t get our [[HUI]] touch of $415 yesterday, and that annoyed me, but only temporarily. I think we may get just enough dollar strenth today (DXY rose to $80.89 this morning on the good news that the mall employee to mall attendee ratio was flattening). Same goes for Allied Nevada Gold Corp. [[ANV]] which got as low as $14.33, but did not fill Monday’s gap at $14.24.

I’d keep my PM buys in there at those levels, as I think those gaps want to be filled. Silver Wheaton Corp. (USA) [[SLW]] is a different story, as it fell quite a bit yesterday on typical pre-employment number chicanery trading. I would be buying it right now, as I think yesterday’s washout was a last wriggle before it heads back to the recent highs in the high $17 area.

All that said, I expect to be lightening up on some of my option plays, perhaps as soon as early next week, as I think we’re due for a pullback after fighting the overly bearish for the last week or so. As they pile in, we shall pile out — if only temporarily — from our higher risk positions. That would include my [[GDX]] and Monsanto Company [[MON]] calls, not to mention the previously discussed Silver Wheaton Corp. (USA) [[SLW]] , though north of $16.00 for that last.

Expect the dollar to begin to weaken here (watch [[UUP]] with DXY), after absorbing some of the glow of cheap brandy acclaim from today’s numbers. I still like [[TBT]] , however, as I think the treasury markets will recess in unison with their underlying currency. Chickens & eggs and all that.

Best to you all, and enjoy your smelter sammiches (sic).
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