You bring the dough, I’ll crank me goooolden pasta machine.
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Have you just arrived at my blog after visiting the site of M. Le Docteur de Le Fly? Did you watch that video with the eerily calm-voiced man who is sketching our collective doom via Youtube videation?   Are you now in need of a mug of chamomile tea in order to calm your nerves?

Well, goodness knows, there’s other comfort foods available for your consumption, including Jake’s yummy pasta.  Remember this [[AIPC]] name from the other day’s post “Pennies for Pennes?”    Here was the original chart from 10 days ago:

And here was Friday’s close — a mere week later: 

Keep in mind, that’s a launch off support in one of the worst week and halves of trading we’ve had in 15 months.  Admit it, you didn’t touch this stock, because you thought maybe I was nuts, offering Italian carbohydrates whilst the Greeks burned the Parthenon down.   But you must keep in mind that trending stocks that display relative strength in bad markets are generally some of the safest names you can own in a storm.   

I think [[AIPC]] may take a rest/hit tomorrow, and it may be a good time to scoop some up.  Don’t wait too long, however.  There’s someone after this one, I think, and he’s/she’s/they’re no piker.

Speaking of strength in the storm, let’s not forget that [[GLD]] and [[SLV]] have been acting very cheery in the face of this Eurotardation, much to the chagrin of Mr. Samsonite Hamburg-ALL-er and his boss, a Mr. The Devil Dog.    What’s more, even the miners, which tend to wane in sympathy with the overall markets, are showing strength.  

If you watched M. le Docteur’s scary video, you may find the answer therein.  Me, I’m not going to invest in reverse-Oliver Stone type fright films, but I do know a trend when I see one.    As you can see, my plan remains the same, and so does my target for the Amex Gold Bugs Index [[HUI]] :

I like what I’ve been liking for months now, but I may not have mentioned them all, so here are some look sees:

Gold miners (Large): Goldcorp Inc. (USA) [[GG]] , Yamana Gold Inc. (USA) [[AUY]] , Newmont Mining Corporation [[NEM]] , and [[GDX]] for the grouping

Gold miners (Medium): Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] , IAMGOLD Corporation (USA) [[IAG]] , Gammon Gold, Inc. [[GRS]]

Gold miners (Small); Golden Star Resources Ltd. (USA) [[GSS]] , NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] , Northgate Minerals Corporation (USA) [[NXG]] , [[BAA]] , Rubicon Minerals Corp. (USA) [[RBY]] , Exeter Resource Corp. [[XRA]] , Taseko Mines Limited (USA) [[TGB]] and the catch all [[GDXJ]]

Silver miners: [[PAAS]] , [[CDE]] , Silver Standard Resources Inc. (USA) [[SSRI]] , Hecla Mining Company [[HL]] , [[EXK]] , [[MVG]] , [[SVM]] ,  and the catch all Apex Silver Mines Limited [[SIL]] .

Royalty plays:  Royal Gold, Inc. [[RGLD]] and Tanzanian Royalty Exploration Corp. (US) [[TRE]] for gold, and my baby Silver Wheaton Corp. (USA) [[SLW]] for silver.

Best of the litter — Silver Wheaton Corp. (USA) [[SLW]] and [[PAAS]] for silver exposure, then Royal Gold, Inc. [[RGLD]] and [[GDX]] for gold glamour (sic).

Best to you all, have a nosh of rotini, get some sleep and do not let the Samsonite Hambug-ALL-ers bite!

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V.King Relative?

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Some people asked me about some stuff to buy on a pullback, and well, I still love Allied Nevada Gold Corp. [[ANV]] despite their pulling off the egregious “bought deal” $250mm + dilution yesterday night.

I think the buy is pretty obvious on the weekly:

If you can buy off that trend line in the high $17’s, low $18’s, you should be sitting in clover like a greedy leprechaun and his keg o’ gold.  Lookee here (sic) at the daily:

As you can see from the chart, I had an order in to buy in the lower $20’s region, which hit after I was out of the office today, and I’m perfectly fine with it.   That said, this thing could go to the 20-day EMA ($18.41) very easily an even a bit below that.   So I’m keeping powder dry.

I’m not going to post these charts, but I will also be looking to add silver on any weakeness.  I really like Silver Wheaton Corp. (USA) [[SLW]] as you know, but also [[PAAS]]   is showing great relative strength, as is [[EXK]] and [[CDE]] .   I might add to my Smaug’s horde on a pullback here.

Hecla Mining Company [[HL]] and [[MVG]] are the second string, but sometimes HL gets a real boost from the local alchy’s with a sentimental touch.  Watch them all, and think about Apex Silver Mines Limited [[SIL]] as a catch all in the realm of [[GDX]] , except for silvers.

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Best to you, Jake.

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[youtube:http://www.youtube.com/watch?v=zf6s7HTmtyM 450 300] __________________________________
If it’s a schtick, so what?  If it’s an act, who cares? He’s saying what ought to be said.

It’s absolutely a perfect metaphor for our political process that these asshats think they can go after the big banks and securities players while leaving the hot steaming mess of Fannie Mae [[FNM]] and Freddie Mac [[FRE]] for another day and another half trillion dollar bailout.

It has to end, and thank the Lord for big mouths like Rick Santelli who know the game and will call them on it.

As for other heroes….

Allied Nevada Gold Corp. [[ANV]]   Boom!

IAMGOLD Corporation (USA) [[IAG]] Bam!

Golden Star Resources Ltd. (USA) [[GSS]] Shhhhher-pop!

Eldorado Gold Corporation (USA) [[EGO]] — Shazzam!

[[EXK]]   Ker-Pow!

And this is less than half the list…   

Where to watch for a step off?  Easy, I think:

Enjoy, but remain vigilant.  Best to you all.

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Okay, one more… my baby — Silver Wheaton Corp. (USA) [[SLW]]

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Bring your sack, the LED leaders are marching forward with their grapes of wrath unfurled, and you want to be in that number, lest you take the hard edge of me terrible swift sword.

Hmmmm…. I think I feel an anthem coming on… bum-bum-bummmmmm…. nah, it’s passed.

I don’t mean to boast idly, but I was up 4.2% today and not, as you might believe, due to my precious metal portfolio alone. Make no mistake, those names were up nicely today, with Allied Nevada Gold Corp. [[ANV]] ,Rubicon Minerals Corp. (USA) [[RBY]] , NovaGold Resources Inc. (USA) [[NG]] , [[BAA]] , Exeter Resource Corp. [[XRA]] and my baby Silver Wheaton Corp. (USA) [[SLW]] leading my dogpack of precious metallicas like a dogsledder seeking Siberia from Alaska.

Others in my port, however, were up just as — or even more — handsomely, with the “3 T’s” racking in large horde — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and benighted Titanium Metals Corporation [[TIE]] rocking worldviews, and even Sud Ameriquan lithium developer Sociedad Quimica y Minera (ADR) [[SQM]] rebounded well today. Crazy Central European Distribution [[CEDC]] has finally woken back up, and Trannie King United Parcel Service, Inc. [[UPS]] looks to be leading the rebound with the Transports.

Nothing seems to lead these markets like the LED stocks, however, and I won’t rest until M. Le Docteur de le Fly is invested in the two leaders Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] , who have become the spokesmodels for Woody’s “relative strength” in this post-apocalyptic age.

First, note the Cree, Inc. [[CREE]] weekly, and slap yourself in the head for missing this opportunity:

I’d like to see that weekly volume bar increase as the week goes on, and I believe it will, especially when taking on the daily view:

The 20-day had held support for a while, so a launch back above it should be encouraging.  I  (luckily) added 2k more of both CREE and VECO last week as I had “low-ball” (heh, right) buy orders laid in that took advantage of the downdraft.   These two are a large part of my gain advantage today, and I think they will continue to lead.

For all the relative strength shown in Cree, Inc. [[CREE]] , check it out in Veeco Instruments Inc. [[VECO]] below… surely this is one of the strongest stocks in the universe right now, no?   Lay in wait, but do pounce as I have:

Stay on your toes, and be nimble, but I don’t think this liquidity wash is over  just yet.   Stay safer by grabbing tech leaders like the LED-ers, and hard money targets.  Everything else is suspect, and should be eschewed indeud.

Best to you all.

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In more civilized days, I wouldn’t even have to make a pun title, but these are coarser times and someone might take the original cliche the wrong way, so I’ve made it a drug reference for the weak minded.

No matter, it’s a warning to those of you who would take tonight’s pre-market rebound as reason to snort piles of pink-flake coca products and go long every stock in the Tim Penny Stock Aisle.

My advice, take a more cautionary route and stick with the vehicles that will truly benefit from the near guaranteed inflation of the ECB, now all but certain with this latest package of six jugajillion new Eurotards for the shoring of Greece, Macedonia, Phillipi, the outer Crete Islands, and– as a bonus– Reno, Nevada.

Those vehicles be made of things that glitter and hold their value in a paper mache schit-storm.   Just one I propose tonight is [[EXK]] , which I think is going to lift off again within a day or two.   Note the bouncing at support:

Yes the stochs have not completely turned up yet, as they have w. Silver Wheaton Corp. (USA) [[SLW]] and [[CDE]] which are also eminently buyable, but I think EXK will be a late bloomer like it’s older compadres have been as well.

Another you should keep an eye on is $TRAN king, United Parcel Service, Inc. [[UPS]] .   I think it may be a “first to recover” stock as well, along with the PM sector.  

Be cautious tomorrow, and if you must buy, make it a tangible.  One of my PM pics (Allied Nevada Gold Corp. [[ANV]] an Eldorado Gold Corporation (USA) [[EGO]] are easy) should be considered, but everything in moderation for now.   Let’s see how this shakes out.   Keep an eye on Titanium Metals Corporation [[TIE]] an it’s other heavy metal friends [[TC’]] and Teck Cominco Limited (USA) [[TCK]] for additional possible ads.

My best to you all.

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Fillies Day at Churchill – The Kentucky Oaks

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Whether or not 6-5 rated filly Blind Luck dominates this year’s Kentucky Oaks race as she’s expected, I will need much luck at the track tomorrow as I spin out my “exotics” bets, the exactas, trifectas and superfectas.

You see I’m usually a happy loser on Oaks, and a winner on Derby (the next day, Saturday).  I take Oaks Day as a warm-up, choosing to schmooze the crowds and throw crazy United Parcel Service, Inc. [[UPS]] -truck sized iron butterfly-equivalent bets that have about as much chance of coming in as a fat man in a Scottsdale Arizona half-marathon.

For the big race itself (the Oaks, tomorrow, I mean), I guess I’m going to have to throw Blind Luck in there with my exotics, as betting it straight up (at 6-5) would just be plain boring, even with a win.   I’ll likely pair her up in an exacta with Tidal Pool or Quiet Temper.    

My “sleeper” is Beautician, and I may throw some money at her in a win place type of situation.  We’ll see.

Also of some interest to fans of the Sport of Kings, last year’s Oaks Queen (by over 20 lengths!), Rachel Alexandra will be featured tomorrow as well,  in the Grade II La Troienne Stakes, which will run before the Oaks.  In that race she faces the one horse that has beaten her this year — Zardana.   Should be a good one.

Nothing much to see in my stock portfolio, aside from “win” — the misbehaving LED light partners Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] notwithstanding.    Monsanto Company [[MON]] is looking very tasty here as well, and I will be adding to my original pile tomorrow at these levels.   Again, I don’t care if MON goes to the fifties, as I will continue to purchase it for the long haul.  That said, it’s monstrously oversold right now.

Meanwhile, in sunnier climes, I expect Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] and Silver Wheaton Corp. (USA) [[SLW]] continue to pack on pounds every day in an effort to please me with their plumpness.   I look or Rubicon Minerals Corp. (USA) [[RBY]] to start to mimic the success of Golden Star Resources Ltd. (USA) [[GSS]] as of late.   Also, keep an eye on [[EXK]] making a stealth move, along with [[CDE]] .

On the platinum side, aside from [[PTM]] , the ETF, the miners [[PAL]] and Stillwater Mining Company [[SWC]] look like they are returning to the upside move again.

Two stocks that have been in my portfolio went kind of wacky tonight… [[ENTR]] and Akamai Technologies, Inc. [[AKAM]] — an old friend of le Docteur M. Le Fly.

As always, I can’t state strongly enough the benefits of giving The PPT a shot.  The work that is going on within those walls recently is truly impressive.   Useful tools and a useful community of traders… you can’t ask for much more than that at the price.

Best to you all, and Happy Oaks!

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