[youtube:http://www.youtube.com/watch?v=Fo48YpNOesQ&feature=related 450 300] _______________________________

Ugh.  I cannot bloody believe it.  I just had a perfectly wrought lengthy post with graphics and witticisms galore… I pressed “Publish” and “voila!” I got the screen of zero tranquility.   Apparently my entire post was wiped save for the foolish youtube video I’d downloaded earlier and “saved” to make sure it was showing up.

These are the petty frustrations of the financial blogger my friends and they are enough to drive one mad with righteous anger.   So forget about the witticisms and the re-boot of my day of travel.  Just know that I believe silver is becoming dangerously overvalued here at 52% over its 200-day EMA, while gold stays strong but humble at only 11.4% over it’s same metric.

I didn’t sell anything more today because I was either driving or talking or talking and driving the entire trading session.  Had I seen these things, I would’ve dumped more silver miners.   I’ll probably do that tomorrow.   In the meantime, two friends have shown progress.   The first we spoke about mere days ago.  

Look what XG has done since:

The second is our beloved Grandmama… asleep these many months, but waking now to a new day.  Just as I predicted AGQ would rise to $300 this year, so too did I prophesy that RGLD would reach $100.   I think today was a significant step toward that goal.   Grab it on the retrace:

Note, this is a weekly chart and that’s one big grandmother of a consolidation…

I also like RBY here… stay well, my friends.

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My world– it is broken.  I cannot tell up from down, black from white, cockatiel from northern tufted sparrow.

Fitty took Quaddafi Blood Money!

Fitty took Khadaffy Blood Money!

Ah haaaaah…  Fitteeeee  took the fuggin’ Choiduffy Blood Money!

(and so did Beyonce too!)

Where, where oh Lord, has the world gone off kilter when childhood heroes like this turn to ashes in our eyes?  Who now can we look to to fill the Muppets Tree Float on the Thanksgiving Day Parade route?  Who will take the opposite of Lil Wayne’s “Douglas” in the best stovepiped 16th Presidential fashion in the Annual Rapper’s Lincoln-Douglas Debates Re-enactments?

Who??

Warren Gee, where have you gone, man?

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Listen, that shit is all funny and everything but I was up over 3.5% in my stock portfolio and 27% in my option portfolio today, so I can afford to make light fun of a bunch of zillionaire celebrities taking more millions off a bloodthirsty murdering thug dictator who was personally responsible for the deaths of 190 of our fellow citizens, not to mention a schoolboy friend of mine, over the skies of Lockerbie, Scotland.

But let’s not play, that shit is pretty fucked up.   I’m sure there were quite a few celebrities who did the song and dance thing for old Adolph when he was in his prime, but I’m going to doubt it was after he started marching Tribesman off into the woods for target practice.

Curtis, what the fuck were you thinking?

Continue to purchase SLW, EXK, ANV, RGLD, EGO, etc.  We are on the thin end, yet.  Pax.

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[youtube:http://www.youtube.com/watch?v=2m2FIQzal9U&feature=related]

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The knock-out makes the fighter a star, but there’s a lot of steps leading up to the fatal punch, that money maker.   It all starts with foot-work.  Ali had the greatest footwork this side of Sugar Ray Robinson, and he defined footwork as a defensive weapon in the famous rope-a-dope strategy, that combined an amorphous passive-aggressive upper body roll with a sly shuffle-dance against the ropes that literally sucked the power from the brutish giant, George Foreman, on that signature humid night in Zaire.

I advocate a similar strategy to assist in absorbing the brutal retaliatory flurries that will inevitably arise from this tidal bull we presently enjoy.  Roll with the punches.  Bleed some shares if you must — 10%, maybe even 20%.    I would not go beyond 30% at this juncture, however.   Keeping cash on hand is one thing, keeping too much of the nasty stuff and missing the rocket launch that is coming is another.

I hope this post will be timely, if in fact today’s hesitation leads to something more stomach churning.  Most important is that you do not lose your focus while the roller coaster whips you about.  

In the end, you must ask yourself the rational question:  Has any single component or fact set changed in the paper money destruction thesis?   If not, you must carry on to the predictable end.

Hint — We’re not there yet. 

EXK, SLW, PAAS, MVG on silver.   IAG and ANV and RGLD on gold.  AAU and NGD and PGZ are for your higher risk plays.  All of these on the expected dips in the next few days.

Pax.

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(The Doctor Was Right!)

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Le Docteur du Drosfila was correuct yesterday when he promised that The Santa Bernank would arrive soon and solve all your troubles. 

Well, he would if you were an earl and precious metal investor at least.  The rest of the “stock” market may take a little breather here as we reset for the next devaluation of your crumbly-tumbly dollar (down another 0.6% as I type this).   I wouldn’t get too worried, however, unless you are on food stamps or some other COLA-regulated form of government teat.   Because be assured, your welfare state is not looking out for your welfare, even if you are on Welfare!

Yesterday, on weakness, I indulged — as per my announcements on The PPT, peace be upon it — in a double helping of additional gold stocks.  I am quite full up on silver, though I may turn fat fingered vulgarian and grab a smidge more AGQ to take full advantage of any weakness.  The stocks I added to yesterday were EGO and NGD.   Some comrades on The PPT followed me, at even lower prices than I received.

Cursed be their names.

Today, I am looking at some additional weakness in ANV and IAG, and those would be where I’d alight first.  I am also looking at AAU and IVN as “exotics” as it were.   Royal Gold (RGLD) is also looking  juicy.

We’ll talk more tonight.  Good luck and Merry Bernanke to you all.

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Listen up kids, I don’t do drugs.  

No, really.

No, I get high on… silver highs.   New one’s especially.  ‘Fact, I might even OD on breaking all-time highs, but I am doing wind sprints and having my sons jump out of random closets at me— “Cato-Clouseau-style” — in order to get my adrenaline glands in good condition for the eventuality.

Cause I’m pretty sure it’s coming.   Tonight we have new 31-year highs at $33.12, which is making me very happy.  Mind you I started buying physical silver at about $4.50 an ounce, and have never sold any of it.  That’s over 630% since 2002.  I wish I could say the same for my silver stocks, which I’ve traded perhaps with over-zealous vigour (sic).  In truth, they’ve been even more volatile than the commodity price itself.  

My favorite silver play continues to be the royalty play Silver Wheaton — SLW— which does not dirty its fingernails with crude dirt-scratching but instead secures royalty payment in silver at a certain price in exchange for financing miners.   Would you screech out loud if I told you that SLW had arranged to be paid in silver at the equivalent of less than $5.00 an ounce?   That’s like taking a time machine back to 2002 and rifling the unsuspecting corner numismatic storedfront for less than appreciated 100 oz. ingots, only to return to February 2011 and have them assayed for over $33… and counting.

Can you see why I’m so excited about royalty plays?  They are, in fact, leverage for the leveraged price of the precious metal, as that is what the miners do — they allow one leverage on an increasing precious metal price.  The royalty play is one step higher up the chain of amped return.  Is there risk of default and other mining related problems?  Of course, but like a bank, a diversified portfolio will absorb some of that volatility.  

 Remember this SLW  chart from a couple of weeks ago?   The two arrows are the places where I’ve made recent buys.  We’re still not back to our old December highs, but I think we’ll be there, maybe as soon as this week.  

 Royal Gold — RGLD — is another royalty play, this time on the gold side, and with an even more diversified portfolio than SLW.   That’s another Jacksonian you want to own.

I also like EXK, AGQ (be careful with this one), PAAS, MVG, SVM, AG, CDE (small), and SSRI.  Another great catch all for all of these (or most) is SIL, the silver miner ETF. 

For gold, the old standards, ANV, EGO, RGLD, IAG, GDX, GDXJ, NGD  are recommended, and newcomers IVN and AAU to taste.  I continue to believe also that the rare earth metals will resume their volatile climbs, and I like AVL and QSURD best.

Nothing going on in the U.S. stock markets tomorrow, but the precious metal, U.S. dollar and futures markets should be fun.  Ciao for now.

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Bottoms Up! 

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On the imminent demise of the buck today, I loaded up with stupid amounts of AGQ, NGD, PAAS, MVG and SVM today, not to mention another 25% of RGLD.

The dollar is dying, I am quite confident of it.  Take advantage of all opportunities to at least mid-$76 on the DX-Y.  

That is all, really.  Short, sweet, simple

And sweet again.

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