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Pal Joey

pal joey
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Everything’s breaking gizzards these days except [[TLT]] , so why not get exceptionally “outre”  in your picking and “dabble in the exotics” as they say down in Derby Land? 

By “exotics” I don’t mean trifectas and daily doubles, but rather palladium and land banks in the form of [[PAL]] and The St. Joe Company [[JOE]] , respectively.

Truthfully, these aren’t exotic at all, and are ony further reflection of the deranged printing press inclinations of Sir Ben of Bern-yankee.  Why do you fight the Fed?  Why do you do it?  Rather, you should be buying palladium dogs like Stillwater Mining Company [[SWC]] and investing in Florida real estate that won’t be developed until the Baby Boomers are all safely in their crypts.

No worries, they are breaking out, and that’s all that matters in the end, no?  Come see [[PAL]] and then Joey.

 paldaily

Then there’s Mr. The St. Joe Company [[JOE]] , who’s really punched the number after breaking out of that long term downtrend line I pointed out a few weeks back.  How may of you took advantage?   Propitious that this is the season of Doubting Thomas, no?  

joeweek

Here’s the line — “hard assets are moving again,” because the currency is dropping out of sight.   If [[UUP]] continues to drop, these are two more weapons for your bag.    Keep them secret, keep them safe.

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PS — Don’t forget about Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] even though I sold some of my exposure in these the other day.   These are “put away for the long term” stocks (especially CREE, which is best in class).  Same goes for recently beaten upon Monsanto Company [[MON]] .    Take this hammering in stride and nibble vociferously.  Long term, there’s no one who can match their IP assets.

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The Pain

dentist 

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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:

hui_daily1

 

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:

joeweek

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

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Eat at Joe’s?

EatatJoes 

Could it possibly be?

Could it be that time again?   I mean, it’s been so long…. 

But the market is perking up a bit ovah heah.   After all the carnage in real estate and in Florida real estate in particular… could it actually be time to buy The St. Joe Company [[JOE]] again?

It seems nuts, but it appears that our old friend from the Florida Panhandle, St. Joe, patron saint of beachfront Pensacola property, is breaking the futz out once again.    

What’s that?  There’s thousands of Floriduh (sic) properties for sale at half price? 

Toss off, I don’t care.

What’s that?  There are whole condo complexes in Fort Meyers that have been taken over by squatting gypsies from Romania?

I don’ t give a damn.

Excuse me?  There are Miami real estate agents who are supplementing their income via croupier work on floating casino boats out of Key Biscayne?

Pay me.

Don’t give me any of that backtalk, see?  I don’t want to hear your whining.   JOE is going to town for one reason only — he’s a secret Jackson.  And no it’s got nothing to do with his barely concealed redneck origins.   It’s because Joe’s main assets are largely land— primo real estate, including beach front property — in Florida.  

 And that may sound nuts because of the developed properties that remain unsold, but the fact is land does not depreciate, and land banking is just another form of hard money asset gathering.  Make no mistake, as “land banks” go — JOE is one of the primo properties extant.  

So here’s to JOE, and here’s the daily and weekly’s to show you where I think the more likely entries lie.   Be cautious right now, because, despite the breakouts this week, it is somewhat egregiously overbought here.  Wait for the pullback.    This time, I give you weekly first to show you the breakout:

joeweek

And now the daily, to see the suggested entry on  a pullback:

joedaily

On the PM front, the silver’s remain strong, and I will probably have some gold junior buys for tomorrow as well.    Best to you all.  

PS — Thaaaahhh Yankeees win, thah Yankees win. 

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