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Aiiiiiirrrrgggghhhh!!!  Freaking Barron’s just came out with a pow-pow-positive article on silver and on my two most recommended silver stocks.  It’s almost like those fuggers came and read my blog, all stoat-like and lubricious, and poached my babies SLW and PAAS  like King Alfred’s prized harts in Appledore Forest.

I hate them.

I hate them because they are widely known throughout all of Lower Mercia and East Anglia as “the Freaking Kiss of Death,” or “The Bloodsucking Whore-son’s Curse of the Market” and other less than salutory monikers for their ability to cream one’s favourite positions like whipped curds in Sam Breakstone’s oaken tub.  

What we can expect is a “dope-rush” likely on Monday and probably into Tuesday on both names, followed by a vicious spiking in the manner of Kerry Walsh and Misty May  playing a quick game of death-ball vs. my aging Uncle Leo, the retired Ft. Lauderdale orthodontist.

I will likely prepare my loins with a sale of some calls, as I have prodigious positions in both companies, and I know better than to spar with the wearwolves of Northumbria, otherwise known as the HFT’s who eat Barron’s lambs for Wednesday breakfast. 

I expect the storm will be over my Friday next, at the latest, but until then, make sure your loins are girded and your hatches battened.

Pax.

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Of my favourite (sic) PM positions there are quite a few that are “almost there,” for an optimal buy, according to my weekly (ie, “long term”) reviews.

And then there are two that I like for tomorrow. They are PAAS and ANV. I will look to add tomorrow morning. There are a couple that may need one more day (and it may not even be a full day) like SLW and EGO. If you can get RGLD below $43, you are one blessed by Fortune.

As for “rippers” that will be taking advantage of any continuing up move in the regular markets, CREE and VECO, the LED twins, are taking off again. I expect POWR will be not very far behind them.

Attendez!

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It’s called work.  I’m back home, and I’ve got tonnes of it.  I shall be out of the office again for three days this week and have all manner of personal and personnel issues to work through.   What’s worse, my right hand man is taking this week off (and deservedly so, as I’ve been working him like a Sherpa in tourist season).

I did have a chance to look through the charts tonight, however,  and I continue to believe two things.   One, this rally will continue, most likely after a slight pause that will either accompany or ensue from a dollar strengthening.   It won’t be much, but enough to continue working out it’s current oversold condition.  

This week would not be the week to add to the TNA (D’Rex Triple Russell), in other words.   It may be a decent week to continue looking at the PM recovery that firmed last week, however.   This is especially true if we’re given a bit of respite with the dollar strengthening.

As the daily AMEX Gold Bug ($HUI) chart show, that rebound off the oversold levels has occurred.  If the cycle continues as it has, we should see at least $490 again, and perhaps even new highs, depending on what the dollar decides.   Here’s the latest in a series:

I would continue to add to strong names that look like they’ve bottomed for this cycle, especially IAG, ANV and EGO in the golds, and SLW and PAAS in the silvers.   RGLD — the royalty banker — is also extremely attractive at these levels.

Feeling adventurous?  Gobble some EXK.   Or gobble some more, in that case.   I can’t tell you how much that stock reminds me of SLW, and even it’s ultimate parent WHT (now known as GG) in the bad old days of the early 2000’s.  I believe it will eventually provide similar rewards.

Someday, you will thank me for nagging you on all this.

Best to you all.

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[youtube:http://www.youtube.com/watch?v=BCAw5EYzen8 450 300]

(One of the kids’ favorites, and prescient)

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I’m on vacation and have enough trouble dealing with the deal shinola from the office, so I’ll make this brief.   That $HUI daily Amex Goldbug Index I’ve been featuring these last few days?  Well, it’s finally hit the trendline, and now it’s time to pack those shiny things on.

I’ll bring me sack, you bring the gold:

Could we have a couple of extra days consolidation?  Sure.  Play it by ear, but stay on your toes and be prepared.

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[youtube:http://www.youtube.com/watch?v=H9V5yUsrmdg&feature=related 450 300]

Sublime Beauty Clears the Head, No? ( And Dig Larry Kudlow on the Fife)

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On vacation and feeling only slightly more put off than usual by the usual cynical sniping on these fora.   I’d thought we’d put these AGW hand wringers to bed when their entire academic conspiracy was blown some six months ago at it’s corrupt heart in Merry Olde Englande.   But no, some control freak Big Gov’t types don’t even know to fold when their pair of deuces is called and found wanting.  

So be it, I won’t let the teeth-gnashers ruin this generally good mood I’ve been in, despite the real threats to our economy and freedom in these United (still) States.   For myself, I am going to continue banking on — and banking coin on — the ingenuity and innate elasticity of the American people, despite the embittered natterings of the “entitled” ignoranti who believe they are owed a living. 

But enough of that.   There are two stocks I believe are set to continue making outsize gains in the coming Bearcaploypse Now.   The first with which you are well familiar — the much discussed ENTR.  

It has not been taken the pounding so many did in this recent pullback, but you can see that it touched support last Thursday and now seems poised to finally break that $6.75 barrier.   Fly will get you ten this thing goes to $10.

The second near termer is the little brother to fast walkers CREE and VECO.    I think POWR has been consolidating nicely on this weekly chart while staying with it’s trend.   I like it to pop with any post – Fourth fireworks this week.   Look for new highs here, too:

You should use that trendline as your guide.  We very well could drop down to the mid $8’s here again, but I think that should present a nice opportunity.

On the precious front, I continue to love ANV and SLW here as the strongest launch contenders out of this pullback, but RGLD may be the cheapest value play of them all, this far below $50.   Your call, I love ’em all.

Be well, and take courage in knowing that even dumb left-leaning governments can learn, as the Ozzie’s foolish decision to tax their greatest exports and economic engine (their mining sector) was recently diluted by 25% (from 40% tax to 30%).   Only 75% more to go….  (eye roll)

Best to you all… I shall be checking in sporadically during the day, as my B’berry access will be limited this week.

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If the Market’s not Crashin… Hey! It must be the Mon-ay!
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I haven’t a whole lot for you tonight.   Most of the PM’s held up pretty well today as the dollar shilly shallayed about, dancing the mazurka to a deflationary beat.  I”m especially fond of EGO, IAG and SLW’s  “holding up” action today despite the cannonades from the Depression Era Debutants.  I happen to think ANV is offering a nice dip purchase opportunity here as well.

Save the drama for one’s mama, fellahs… the dollar will tell the tune, and it already is.   Here’s the daily for the “close-up” look at where we are in the cycle:

As you can see, there are some conflicting stochastics here, but if I have to choose a marker, I’ll usually go with Woody’s favourite (sic) — the 5-day RSI.   There’s no clear path here, however, and the situation will resolve itself when we are out of that 20 to 50 day EMA channel referenced above.

The monthly chart on the dollar may offer a bit more direction.   This last looks like an exhaustion candle to me, but then I’m biased.  

Occam’s Razor  tells us, however, that Ben and the CBE boys (not to mentiont the Ministry Of Finance in Nippon) will hit the QE button again in order to save the banks and avert a deflationary vortex.   Why will they save the banks?  Because there will be no second TARP… not in this election cycle.   What other tools have they at their disposal?

Moreover, the Fourth of July is a historically solid up week.  Will this year be different?

You make the call.   I’m heading off on vacation, blythe and fancy free.   Mostly.

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 Here’s the origin of today’s title:

[youtube:http://www.youtube.com/watch?v=RtSDWq6HsJE 450 300]

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