[youtube:http://www.youtube.com/watch?v=P3QYLJ8zH5E&feature=related 450 300]

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In certain Northern Mid-Western climes, the citizens have become so mushily liberal that — in their overwhelming compassion –they have confined their hapless professional football teams to a regulated indoor environment.

As a result, no one in these left-leaning regions need suffer for their gridiron art in the fashion of Lombardi, Hornung, Robestelli, and other Hall of Fame stalwarts of the past.   Come game time, both players and fans can loll about at room temperature, consuming multiple jumbo franks and 64 oz. Mountain Dews without fear of nippy nose or chilly tootsies.   

Real tough guy stuff, no?    You’ll find it no wonder, then, that these teams haven’t won a Superbowl in… well…

Forever.

I bring this up in order to levy well deserved shit to Chief Admin Jeremiah and his wussified, faggot-assed (not that there’s anything wrong with that) Minneapolis Metrodome Vikings.

I mean, if you are going to be pussified about going to see a game in the weather — despite your arguably holding a home field competitive advantage (see “Packers, Green Bay“) —  then by all means build youself a cozy indoor stadium so you can spare yourself the chilblains on your vanilla layers of Midwest portly.   

But do us all a favor, eh, Minnesota?  Please get yourselves some architectural engineers that will factor in the possibility of snow accumulating on the roof, eh?  You know, just in case it gets warm enough to do so every now and then?

Thanks so much.   Your friends,

The N.Y. Giant Fans With Three Superbowl Trophies and, Not Coincidentally, an Open Air Stadium

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It looks as if The Bernank (sic) and his antics will continue on, at least for the beginning of options week here.   Like a good neighbor, I will be reducing my positions again, trimming here, trimming there and braiding the remains for a nice Christmas streudel rope to be given out to wassailers and other visiting Folk o’ the Yule.

I will probably get rid of the last remnants of my IAG calls, which have been less than satisfactory these last few weeks.  I will likely retain the underlying stock, however, and only be trimming my outsize positions (ANV, SLW, EXK, GDX) to raise some cash for the new millenium, where the chief currency will be penny farthings made up of plastic doll’s buttons.

Again, this is not the long term strategy, and I will not be taking down my core, only my oversized accumulations, which have done so well since September especially.  More tomorrow, if I can get out of my driveway.

Best to you all.  And keep an eye on BIOS and ENTR.   These old stalwarts seem to be making a move again, as do non metal Jacksonians ANDE , TCK and TC.

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For now, at least.    It looks the dollar has bottomed for now, and as a result, I will likely be dumping the rest of my AGQ tomorrow.  I will also continue to sell down my overweight positions in EXK, SLW and yes, GSS (which I am overweight for stupid reasons).  Some ANV will go, as well as some IAG and EGO too.  Not a tonne, but I will be raising cashe (sic) munny (sic).

I will also likely sell some other things tomorrow which look overbought despite their not being in the precious metal category.  I shall tell the good gentlepeople of The PPT about that before I make those moves known here in Pikerdome.

What won’t I be selling?   That I will let you know… lucky dogges.   I will not be selling any UPS.

I will not be selling any UL.

I will not be selling any MON.

And I will NOT be selling any TBT.    In fact, I may even add to the latter.

Best to you all, and Merry Kwaanza, Fonzies.

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 Many of you may know of Hannukha Harry from his comic forays on the old Saturday Night Live.  Well, a similar number of you may not realize that Harry– in true legend– actually wore a formal stove-pipe hat (see above) when doling out socks and toothbrushes and other sensible gifts to the good Jewish chillens over the eight nights of Hannukha. 

I can confirm this, as I saw Harry himself with mine own goyum eyes coming through the garage door entrance (sensibly) of my friend Benjamin Zimmerman’s house one early December evening in sixth grade, when I’d stayed over — at his parents’ invitation– on the third night of the Festival of Lights.  

It was 7:30 and we’d just laid out the traditional borscht and bagels after Jeopardy, when we saw his trademark stovepipe peeking through the door.    Hannukha Harry only comes at sensible times, as he needs to be in bed before ten.   None of this fakakta post-midnight chimney drop-ins for him, he told us.   That, he explained, is for the meshugganah Sinter Klaus — a distant relative and definitely not glatt kosher. 

One of the gifts Harry bestowed upon us that night was The Tale of Sound Money.  Sure, he was easy with the gelt, but aside from the traditional chocolate coins, he told us never to trust a fully fiat currency system, as it would always let us down.   At the time, he told us, the U.S. dollar had devalued from it’s 1913 (pre-Federal Reserve) value by almost 87% (it’s now closer to 95%), and much of that drop was achieved in the decade since Richard Nixon had given up on gold convertability altogether in the 1971 Bretton Woods abdication.   

Harry told us it was only a matter of time before politicians and their allies in the central banks got so greedy that they’d wreck a fiat currency system designed — with the best of intentions — to promote sound economic trade.   There was just too much conflict of interest for any one central bank or sponsor country to trust another, and worse was that temptation more for the “currency of record”  that was held as the “reserve” in a fake money system. 

No, only an anchored “no cheater” metric could ensure a balance of trade that would not bankrupt the citizenry of the developed world, he admonished, with furrowed mono-brow.

And to emphasize the point of the lesson, Hannukah Harry left us with a Canadian Maple Leaf gold coin a piece (he explained he was originally from Toronto), and then drove out of sight in his ’79 Toyota Corrolla (sensible to the end).

So today, in remembrance of that evening with Hannukah Harry, and on this first night of Hannukah, I have discarded my formal iBC Approved Lincolnesque stovepipe top hat, and replaced it with the traditional Hannukah stovepipe instead (above).  

Happy Hannukah to all of you, and most especially to my Tribal readers and friends.

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As for the market, I think you can see what’s happened to the dollar, and consequently, our vindicated precious metal markets.   Notice also that things in the PM world have started to get a little tired and labored even as the dollar drops?  That’s why I’m not really adding to my precious metal hordes at this late hour, despite the temptation to do so.

In fact, I may even use this short burst to trim some of my laggards like IAG and GSS, and even sell some calls on my workhorses like SLW and ANV.   In the meantime, I make hay whilst the sun shines (and the dollar drops) on such long term holds as ENTR and TC.   I even added to TC ($12.80) and rare earth metal nut-stock AVARF ($3.69)today, as I recorded in The PPT.

These are all late game plays, and I will be trimming in the week ahead almost definitely.  There’s only so much we can expect out of the magnificent moves we’ve experienced in the last months, and I will squeeze what I can out of my bounty.  I will also endeavour, however,  not to get stupid and over-greedy.

Best to you all, Light Festivalists.

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Call me cynical, but with the Irish Whiskey Soakers getting bailed out via extensive fiscal austerity hand slapping by their European Union betters (bettors?), do you really think this dollar surge is going to last much longer?

I believe the funny money provision is point three or four of “Despotism Made Easy,” which reads like the blueprint for the last four plus years of Hope and Changey recklessness.   I highly recommend the piece for your review — it shouldn’t take you more than ten minutes to read all 14 pages of it.   It explains how keeping people in financial penury by cheapening the paper they use to exchange goods and services (erroneously referred to as “money”) is only one of multiple means toward a targeted despotic end for our once proud Republic.

That need to continue feeding the hungry funny money machine that will keep this economy “going” — at least superficially — will always serve as a millstone around the dollar, no matter it’s near-term reaction to Korean Guttersniping or PIIG-like European snorting.

Since I last left you for a scrumptious giblet delight repast, the dollar has surged in erratic Turkey Gods Trading  all the way to $80.65.  While I was not surprised to see the dollar touch $80.00 on the DXY, I was amazed at how quickly it blew by that number and then almost all the way to $81.00 in subsequent very light trading. 

I just don’t think the dollar has a lot of more runway ahead of it, and it’s not just because of this stealth move in light trading.  It’s also because we’ve retraced the last drop from the highs all the way to the very strong 38.2% Fibonacci Line.   Check it here on the weekly:

That all said, we should gird our loins for a continued move to the $81-$82 region.   It’s not such a stretch from here, and it would be enough to make the recent PM noobs squeal and drop.   Heck, I might even dump some of my December IAG call positions if I see a move to $81.    

Like my pappy always said — be prepared for the worst, so you can take advantage of the best when the time comes.

Best to you all.  

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[youtube:http://www.youtube.com/watch?v=_ZSMJUJkiAY&feature=youtu.be 450 300]

Pure Gold, Especially “the O-Bom”

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What’s that?  You bought something today that couldn’t be coin-stamped into quick-liquid drachmas were you dropped off in the middle of pre-Roman Phoenicia (sic) by a passing time-warping Spaceman?

You mean you didn’t buy silver?  Or even gold or platinum or palladium today?   You were instead PSUNned with ten thousand volts from the PSUN-gun?

Well then… join the crowd!

Actually, besides taking that ill-advised detour into California Retail Rag Trade,  I also backed up the truck today and bot a Chicago-load of SIL for the first time today.  I won’t even mention how much, as it was entirely for my own account and none of your affair.  I will tell you it was at 40 cents shy of $24 per share, however, and then some.

Why do I bother purchasing anyting else besides PM’s, and at my great peril, you ask?   For thrills I guess, as there’s nothing less thrilling than 2-5% every day on these damnable  Jack in the Beanstalk PM picks.

Am I boring you?  My apologies, as I’m even boring myself.  

Well no one ever said this stock picking thing was an easy gig.   Try to stifle the yawns, and let’s just do our daily bit of mining.   I’ve been purchasing some options in IAG and ANV to make life a little less mundane.  I expect they should about double by mid December.  Boring, no?

Hmmmm… what else?   Oh yes, there’s this — AXU.  I just found it today, oddly enough.  Speculative as all get out, so don’t get too crazy, but who knows.   Might be the funnest ride we’ll have this side of GSS for the near future, now that everyone else is getting so damned respectable.

Cain’t stand all that respectability. 

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As for our theme: remember to do your part.  Civil disobedience, Ghandi-style, til these TSA boners get that this is not Soviet Russia.  Try not to enjoy the rubdown/off too much.   

Bonus Clip!  Pres’dent O’Bama tries to board Air Force One!

[youtube:http://www.youtube.com/watch?v=EdQzNMLECi8 450 300]

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The Turkey Gods are here.  Tremble, all ye who remain Ursine in attitude.

How do I know? Simple.   I merely whip out my prodigious folding money clip and scan the Benjamins, Grants and Jacksons for signs of wear and tear.   Sure as shootin’, there’s been beak-damage done to all the eyes of my papery dead Presidents.

The Turkey Gods love to eat dollars, but they especially love the vile jellies of moldering dead American War Heroes.   And yes, historical termagents, Ben Franklin was also a war hero.

Said heroes are not to be confused with “The Ben Bernank.” He is the hero only of the Currency Crusades, a tilter at windmills and the paper dragons of deflation. Soon, his unsmiling bearded mug will adorn the $10,000,000 dollar note, Zimbabwe-style.

Tonight, the dollar is below my “drain level” of $78.20 — currently trading at $78.13, after hitting lows tonight (Sunday evening) of $78.08.   I believe this is the “all clear” signal, and will be pushing the rest of my chips all in.

Not sure how many of you caught my large pickup in junior gold stock IAG, as announced in The PPT, the other day, but I grabbed a lot of December 17.50’s well below $17–.   I think that will continue to work.

However, I think the big silvers will be the one’s off the chart next week.  If you were contemplating the rulers — SLW, PAAS, SSRI or even the ETF, SIL, then this week is the time to grab hold before the end of the year.

The one I really like in the more speculative area, however, is EXK.   I also like SVM and MVG in the more speculative range.   CDE and HL — the garbage of the sector, should be handled with care.  No matter, they should all rise through to the end of the year.

RGLD, EGO, and of course ANV, gold juniors all, should also be at the top of your lists, as well.

Best to you all.

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