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Tag Archives: QRM

The Other Night I Saw the Fly

The other night I saw the Fly
And Jeremy and Chuck Am I.
Chess and Wine and Gappy Too
(Might sound like three, but only two)
Woodshedder bedecked in denim
Scotty with lovely wife, God bless’im

Cain Thaler came on wheelchair made
of Bamboo- wire and cut jade
Ancient even past his years
He breathed blue smoke and shed dry tears
For Detroit his home benighted so
By corrupt gov’t and cold grey snow

Fly made toasts to kith and kin
Whilst Jemmy’s stomach near augured in.
Gapp and Chuck, wolfish rakes
Assessed the women (even Jake’s)
Yet stayed their hands and played the part
Of gentlemen, with Gentle Heart

RC of course, the Silent Giant
Hove to the table, his palette pliant
Without his better half’s restraint
Drew ample beverage, drew ample plate.

One party missing, and well missed
The liberal heart, whom Nature kissed
No Cronkite and no Greenman showed
To plead ‘gainst MONstah, and for “O.”


Progenic duty stayed the bars
(And further frolics with cigars)
Sent “the Jakes” home by one AM
Whilst Friends of Fly (and Chess and Jem)
Went forth with blessings from us both
For IBC, for friends and “Growth.”

Someone claimed I haven’t posted in two months! Calumny!
It’s been a mere one month. It’s only seemed like two in our accelerated world. Things have slowed, or blowed, or both, and I won’t bore you with details, but I should be able to post somewhat more often, at least in August.

Did I mention I had to cut my vacation short and come home three days early? Yeah, I know, boo hoo, at least I have a job, right? What right have I to complain when this is the lot I’ve chosen? Right. None.

Meanwhile, while I’ve been resting my keyboard, the silver markets have begun to show signs of life again. If you are not in EXK and AG, you’ve still got time, but probably not a tonne of it. Likewise SLW which had a nice move today. Dollars to donuts the lesser bodies like MVG and SSRI will also begin to rise alongside the champions. Like usual, the real moves will be made in the Fall for those stocks, but it certainly wouldn’t hurt you to start accumulating now. As usual, SIL is a great “combinator” if you don’t want to agonize over the usual suspects.

Gold stocks have become almost too annoying to mess with on the individual side, so outside of RGLD, and maybe AUY, I am not going to recommend you dabble in anything but the ETF’s like GDX and GDXJ.

Before you ask, yes, I still own the rare earths (QRM and AVL, especially), despite their declines. I just add more on whims. What the hell, they are popcorn cheap and I am quite certain they will Bela Lugosi when the dollar heads down one more time this coming Election Season.

What’s got me in “near term buy” mode however, are a couple of stocks I’ve owned for a while that are showing nice promise right now. One is nat gas former superstar ECA, which looks beautiful, especially on a pullback to the $21.00 range. Another is PSX, which I “inherited” when it spun off of COP, back in April (COP being one of the Samurai Seven along with fat dividend gold stock AEM, which has also risen from the grave as of late). And along with PSX, I will take some HFC, another refiner. I like them both at $38 if you are looking for a buy range.

I will endeavor to be more faithful to you my friends. The spirit is always willing, as you know… the flesh? Well…




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“X” Marks My Spot


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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Inna Sugar Shaque

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


While I wait on the precious metal markets to resolve themselves, I’m subsisting on a diet of heavy metals and pure refined sugar.  If I taper off in my blogging in the coming days it’s likely because I’ve transformed into a Brundel Fly.

As mentioned, AVL , REE, MCP have been moving nicely (although tapering off a bit at the end of the day), while the PM miners tread water trying to catch a bid from the falling Uncle Buck.   I did note that BAA finished back above $5.00 again.

Nope, the only thing that really stood out today in the areas I’m looking at was a refiner… and no, not the petroleum and kerosene variety, but the lonely sweet variety, sugar shack shifter Imperial Sugar — IPSU.

There have been all kinds of articles about sugar being the commodity of 2012, and I take them all with a grain of salt (no pun intended).  I do, however, like a decent looking chart when I see one, and this one promises at least some continuation on today’s high volume, high percentage move.   Just like the last time we got a high volume candle, I think we’ll get at least two more days out of this, which could very well bring us to our next resistance, at the underside of the 200-day EMA, or appoximately $7.60.




















For those checking the math, that’ approximately 34% over today’s close.  Do you feel lucky?

Well?  do ya, punks?





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Feel it in the Air (Gap) Tonight?

[youtube:http://www.youtube.com/watch?v=T5qc3qZqe38 450 300]


I’ve been lying low, deep within the underground catacombs of my hardened cee-ment (sic) bunker, waiting for the air to change before speaking with you again.    Last week the dollar was on the edge of a knife, and it looked like it was poised to strike a blow against my precious metal position that even I, in my well-defended fortress– Haz-mat suited and full-fetal positioned– would find difficult to withstand. 

But this morning, after a 36-hour narco-nap, I decided to “up-periscope,” fully expecting to witness scenes of post-apocalyptic societal dissolution.  Instead, I found these guys scurrying about, handing out large wads of $100 dollar bills for 500 yuan a piece.

Is it possible we are just enduring one last head fake before the dollar re-asserts itself and makes mince-meat pies out of all my lovely precious metal and rare-earth positions?   It’s certainly possible.

But for now, I will revel in the respite, as Stealth-Bernank and the Chinese work out their differences and my “tell-tale” stocks  — UPS, FCX and the rare-earths (REE, MCP, AVL, QRM) move nicely here.  

If you prefer gambling to regular, gentlemen’s club smoking room type investing (UPS, COP, CMI, MON, etc), then there are two current seat-of-their-pants plays I’m watching right now —  sugar high confectionary profits in IPSU and a little-bit-nutty, a little-bit-slutty rare earth play AVL

I also like SSRI, here, mostly for the pricetag on its silver.

God bless, and I hope to be with you more often this week.





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Smelting Up In Mongolia


Rare earth metals became even rarer today, as three of our major home slices of pizza, AVL, QRM and even benighted REE, the “grandfather of them all,” roared ahead like they were not just rare, but steak tartare- level impossible to find.

I think all of them have room to go, but I like AVL as the immediate purchase, with REE and QRM following perhaps by the end of the week.  Here’s my take on AVL:

As you can see, that first resistance level has been suborned, so even if you purchase tomorrow, that $3.o7 level should stand firm as a base going forward.

My second favorite is REE, which had a monstrous move today that dwarfed all of its rare earth compadres.  Check out this daily:



Note also, however, that we are coming up against all kinds of resistance here, and the stochastics are egregiously vertical.  That spells “pullback” for me, at least for the near term.  This is one that last week I was posting in The PPT as a buy at $6.05,  so be ready for another blastoff soon after this.

My last look is at QRM, which I’ve mentioned here before and which also had a nice move today.


As I mentioned earlier, this one is not as attractive as it butted up against resistance but did not break through.  I think that means we probably consolidate, but that volume spike also generally indicates we are going further north.

Best to you all, and remember to watch this sector along with metals more precious..




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Graping Ham!

[youtube:http://www.youtube.com/watch?v=T1I5n2-ro_Q 450 300]

Within a short number of years and certainly within the decade, we here at iBC will have created our own language from whole cloth, and the only people who will understand a word we are saying will be the slavish few who have hung on here for every nuanced phrasing and reworked 70’s-era cartoon-network pop cultural reference.

In future, iBC particpants  will not seek to purchase the equity receipts of a heavily shorted security in order to force immediate re-purchase by said short sellers, but instead one will “GO HAM” on said equity receipts and save time and exertion associated with over-verbose description for other tasks.

As well, one will never speak of aforesaid unfortunate short sellers as “portfolio damaged,” or “margin overburdened,” or even “equity depleted” participants in these volatile markets but rather as members of the investment community who, good character not withstanding, have been “GRAPED,” and left for corpse-pilfering on the side of the lonely road.

Brevity being the soul of wit, such gradual neologistic replacement will not only render these fora more humorous (sic), but also far wealthier in the end.  Hang on for the ride.


Today was the best day of the year for me thus far, and it’s been a pretty good year thus far.  For one thing, all my precious metal positions went HAM on me today, with most breaking the 5% barrier and some flirting with 10% (like SSRI, ANV and IAG).  Moreover, my two big rare-earth metal plays, QRM and AVL were also up big at over 7% and over 10%, respectively.  Unfortunatley I wasn’t fully invested, having kept quite a bit of cash on the sideline for “opportunities,” and also having sold my AGQ and NUGT just yesterday to reduce leverage and risk.

I’m not as bent out of shape about that as you might think however.  I still returned over 4.2% today, and now I do have dry powder with which to pick off new targets.

Some of those will be additional pickups of the “Samurai Seven,” of which only two are currently precious metal picks —AG (+13.4%) and RGLD (+6.7%).  Nevertheless the full portfolio is up 11.1% since inception, and that’s despite two relative laggards in the short list portfolio.

As for the winners in the Seven, I am really enjoying this 28+% run in PBR since the start of 2012, and kicking myself for not making it my “Stock of the Year” pick.   I am also well pleased with the double digit returns of DE (+13.5%) and MON (+16.5%) since our entry.

The two Samurai I shall be gobbling tomorrow, double-ham fisted, however, are my two laggards, UPS (+3.3%)  and COP (-4.0%).  Both have nice dividends and UPS is finally creeping through that ceiling we talked about earlier in the year. getting ready for a breakout.   You cannot keep a good man down, or a good company, and these two fine specimens will do us well as the Bernakean Liquidity Parade Rustles on.

My best, and red eye ham gravy, to you all.




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