Here’s a stock I’ve purchased quite a bit of in the last week, pal. North American Palladium (PAL) caught my eye because it showed a bit of a sea change on the long term chart, and this past week, it’s established itself up above that long term trend line. Check this out:
Can it get to $3 bucks from here? Pal, I wish I could tell ya for sure. Alls (sic) I know is that’s a lot of buying in 2013 (black volume sticks), and the trend has changed. I’m holding onto my stack until at least June, so let’s see.
I also like AUY right now, and of course, you should be accumulating RGLD at these ridiculous prices, and SLW on every opportunity.
The site was partially Vincenza-pated tonight, so I’ll be brief. Silver’s got a way to go, here, and it may be the strongest PM available to us, as the various cloack and dagger Knights Templar types scramble to cover the shorts they’ve been laying on our asses since the Crusades.
Here’s the main dog, the price of the metal itself, via the SLV ETF we all know and love… we just filled the gap:
Already bouncing out of oversold territory and making frisky like a kitten fresh out of the tumble-dryer. Speaking of which, EXK is also looking resiliant in the in the daily charts… had I said something earlier on that?
Look at that, the 20-day EMA looks like it was the spot, no? SLW is also roaring to life again, but then, I don’t have to tell you that…
One more precious metal pick– outside of the silver realm– that I checked out today since Le Fly was mentioning palladium in The PPT. Looks like our pal, PAL is seemingly off to the races, perhaps permanantly here… Look at this weekly:
Looks like PAL will actually brings some returns here for people. I may grab some on the morrow as a result. Thanks Monsier Le Fly, et al!
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.
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?
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.
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.
This will be only the beginning, as I have mentioned to you. Large, shambling behemoths like Newmont Mining Corporation [[NEM]] , Barrick Gold Corporation (USA) [[ABX]] and even the nimbler Goldcorp Inc. (USA) [[GG]] will be hungrily seeking small and medium sized asset-laden precious metal players like voracious toothed pelicans pursuing hapless baby ducks. Smack! Smack! Deeeelicious!
I expect that eventually, even the big general metal miners like Freeport-McMoRan Copper & Gold Inc. [[FCX]] and BHP Billiton Limited (ADR) [[BHP]] will get into the act, diluting themselves for my greater enrichment. What’s up today as a result? Better to ask what isn’t, but you can infer that the names with the greatest returns on an M&A day like today are very likely going to correlate with the names of other possible acquirees… among them:
Yamana Gold Inc. (USA) [[AUY]] , [[CDE]] , Eldorado Gold Corporation (USA) [[EGO]] , almost all the components of [[GDX]] and [[GDXJ]] ; silvers Hecla Mining Company [[HL]] and [[MVG]] (congrats to Employee8/Teahouse on this last one), and the two of “the three N’s:” NovaGold Resources Inc. (USA) [[NG]] and New Gold Inc. (USA) [[NGD]] .
Also, the silver cabelleros [[PAAS]] , Silver Wheaton Corp. (USA) [[SLW]] , Silver Standard Resources Inc. (USA) [[SSRI]] and [[SVM]] are all hot (and even stodgy [[SLV]] and his steroidal brother [[AGQ]] ), and let’s not forget platinum friends [[PAL]] and Stillwater Mining Company [[SWC]] . Last, let’s not forget “X” factor, recently unspun Exeter Resource Corp. [[XRA]] .
Untroubled by today’s rush are eight PM underperformers which may only be laggards to today’s action, and therefore bear watching: Allied Nevada Gold Corp. [[ANV]] , [[EXK]] , Gold Fields Limited (ADR) [[GFI]] , Gammon Gold, Inc. [[GRS]] , Golden Star Resources Ltd. (USA) [[GSS]] , Northgate Minerals Corporation (USA) [[NXG]] , Rubicon Minerals Corp. (USA) [[RBY]] , and Royal Gold, Inc. [[RGLD]] . You know that last is one of my all time buy and hold plays, so watch it especially here.
For my part, I will continue to ride the invisible neon flow of the Matrix, to the envy of my friends and the chagrin of my enemies. I wish I could tell you all the momentous things which currently abrade my precious thread of cohesion with you all, but it would just as likely cast you into the pit of despair as lift your spirits to the heavens.
Tomorrow is a day of Remembrance for me, and a day of quiet for the Markets. I will try to stop in to share cause and cost with you, but if we not speak, may you all be well, and good to one another.
We all have a lot of fun on this site with our ongoing theme of pushing wrinkly dissembling bearshitters down open manhole covers, steel fire escapes and empty elevator shafts,, but time in South Florida can really change one’s perspective.
Brothers and sisters, there are fewer more important imperatives for the ongoing health of our civilization than a reverance for our elderly citizens. Think of it — our aged are our only living link with history. Each is a conduit to the past alive and inextinguishable. Those of you lucky enough to still have all four grandparents still with you and sentient (I have none alive) have a veritable treasure trove of personal and historical information unique to your own ancestral past.
Even those of you with living parents (I’m one for two, unfortunately) can still reach back to a period before your birth where those before you confronted the same irascible problems and uncomfortable situations you struggle with every day.
Let’s not be hubristic. There is not brave new world, and the errors and intransigencies of this life have been painted and repainted on the walls of caves and castles many time before this. Why not take the opportunity, while it’s available to us, to plumb the depths of history, even as it stands before us, weathered, mellowed and perhaps past the cheap cynicism that mars the not-yet old.
Reach out — today if you can– and have an elderly friend or relative over for lunch or dinner. Ask them about their youth, and what times were like for them and their family. You will be well compensated for your time and interest, I promise you.
What do you know? [[SLV]] is kicking Dungeons & Dragons Geek arse in a plummeting-down-the-elevator-shaft fashion. Who’d a thunk it?
Platinum has awoken as well. Dont’ forget about Stillwater Mining Company [[SWC]] , North American Palladium, Ltd. [[PAL]] and [[PTM]] . I share with you my good will, and my winning ways (ahem [[TBT]] ) as I head off into the mists of South Florida, to do “kids stuff & shit.”
In or Out?
_______________________________ The Whale is threatening, its maw dark and deep.
Should you leap?
Truly the Whale can take you places, no? If you can handle the tight accomodations, the rancid air, the weak light, the pulsing, peristaltic movement, that is.
No one said this was going to be easy. Nothing worth accomplishing ever much is.
I like everything I’ve recounted before here (just page back and note the silver and gold miners, and the Cree, Inc. [[CREE]] I have chosen for my March Madness pick and the Veeco Instruments Inc. [[VECO]] I did not, but own still). Also, don’t forget [[PAL]] and [[PTM]] .
I also like [[TBT]] as long term hold, as Treasuries are doomed. Anyone who tells you different or tries to game a quick-slick-Rick-trade in long bonds via [[TLT]] is merely sticking his tongue in a razor sharp blender whilst daring a two year-old to play “hammer the peg” with his tiny wooden hammer poised over the “Crush/Chop/Puree” buttons.
It’s just a matter of time, imho.
As a bonus, and today, only, I like coal here as well. It’s another commodity that the Chinese love, and God knows, we burn most what we love.
Try Massey Energy Company [[MEE]] here for starters, since Stanley Druckenmiller likes it, and he’s George Soros’s smarter (read “Republican”) partner. I also like Alpha Natural Resources, Inc. [[ANR]] and even the old discredited Jacksonian, Natural Resource Partners LP [[NRP]] — even if only for the fat dividend.
Last, but not least, I think United Parcel Service, Inc. [[UPS]] is getting ready to run again. Since it rules the Transports, I think that means the Trannies will run as well. Dow Theory gives you Paul Harvey’s “rest of the story.” Bad news for Bears.
Ciao for now.*
*Extreme apologies for my recent lightness here. It seems that 2010 looks like it’s going to be a pretty damn good M&A year. That’s nice, since 2009 sucked quail eggs… however, it also means I’m going to be running around like a chicken sans chapeau for a bit. Catch you on the high side.