[youtube:http://www.youtube.com/watch?v=bfhkuXuQ9eA 450 300]

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What are you doing moping about as if the moon has hit your eye like a big pizza pie?  That’s only ammonia (anhydrous), and don’t take big breaths if it’s making your eyes water.

Italian bonds made everyone in the market sad, and yet I chalked up another win in my real life.  This is getting kind of ridiculous and I’m beginning to see visions of fat smiling men wearing fezzes and carrying sharp harem scimitars from lack of sleep.   I could have the best year of my life and my wife could be spending it (and the insurance proceeds) with her new boyfriend on the Riviera this time next year.

And during all that chaos today the market was melting down.  At first my golds and even silvers hung tough, but then even they succumbed to the great vortex that if forming over the gladiator cages of the Coliseum in Rome.  Sylvio Berlusconi was the first round heeled slick bastard to get sucked into that vortex, but for all I know there’ll be prominent members of the Vatican entering it next, only to find themselves ended up in some alternate universe heaven or maybe an independent book store in Dubuque.

Tonight I thought the Herminator acquitted himself well, getting off a couple of good zingers on the Dem party faithful like Chris Dodd, Barney Frank and Nancy “Princess” Pelosi.  Rick Perry’s Gaffemasters Speaking Tour continues to everyone’s great chagrin.  Mittster continues to disappoint with his pandering bullshit about a tax cut “for the middle class.”  WTF does that even mean, Mitt?  What is “the middle class” and aren’t “targeted tax cuts” an instrument of Democrat policy?  Get with the program or you’ll never get the nomination.

Newt Gingrich was clever, but looked like some kind of giant marionette up there on stage.  Could’ve been the lighting.   Rick Santorum looked like hell and geez!  Whine much?  Huntsman was equally unimpressive although he did try to make some good points on tax policy that were “acceptable.”   Michele Bachmann… I hate to be sexist but she’s pretty damn cute, and just as Stepford-ish as you can hope for.  Policy wise?  Meh.

I was busy today and did nothing at the site but watch the Monsieur buy some RGLD.  I looked at some SLW at the end of the day as well but got called into a meeting before I could do anything.  I do like that it’s coming down on it’s 200 day EMA.   I think it will bounce there, at $34.70, and that’s where I may be adding.

Besides those two, NGD and AUY held pretty strong relative to their peers.  Look to them tomorrow for a first bounce.

Hang in there, we are oversold like few times I’ve seen, and I think we rebound tomorrow, but maybe not until late morning.

Best to you all.

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Things just keep getting more and more peachy around here.   On Friday, as I revealed yesterday, I threw caution to the wind and grabbed a whole lot of miner and double ETF picks that I had a feeling would make a strong move this week.  Today I was rewarded for that Erroll Flynn-ish type of move not only by a strong move in the precious metal sector, but also a bonus Eagle loss to a team they should never lose to if they believe themselves contenders this year (sorry Bears fans).

Especially not at home.

That puts my Giants three games ahead of the “Dream Team” Beagles, albeit with three tough games still ahead of them (and one in the rear view mirror in Gilette Stadium -heh!).  There’s more than serendipity at work here, methinks…

Could it be the Turkey Gods are blessing us all in advance?  It’s quite possible, especially when you look at the evidence available in the $HUI — an index which up to now has been quite vexatious to those of us who trade “the original coin.”

But look what the weekly is telling us now… not only are we breaking out over old levels, but it looks like this time we’ve ample time left in the run.  Check out these stochastics on the $HUI weekly —

 

That’s right, we’re near the famed “$610 Maginot Line,” again, and with adequate momentum to take those levels out with aplomb.  And we all know that breakouts beget breakouts, don’t we?

So grab your favorite gold miner or royalty financier (RGLD!) or even multi-varied ETF (GDX, SIL, GDXJ), because I think there’s more fun to come.

I may even grab some NUGT tomorrow if I can squeeze some time out of my fire extinguishing duties.

No rest for the weary Gentlemen (and Ladies).   I will see you all around the coyne shoppes.

Best to you all.

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[youtube:http://www.youtube.com/watch?v=pF-oWhD2itE 450 300]

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Please don’t let the dollar rip your guts out over the next couple of day, eh?  As I’ve mentioned I’ll be outta heah (ovah heah) for the next five days or so.   I should be able to log on with no trouble when I get to my destination, but I make no promised.  I’ve been through enough travel hell to know never to take anything for granted.

That said, I’m headed to such a civilized place that they spell it “civilised” out there, what? Carry on old bean, stiff upper lip, bite on a hard scone and all that.

The miners rebounded today nicely, but I’m not yet convinced we’re done with dollar turbulence.  That said I am hoovering, ever so patiently, and ever so slowly, on select lots of RGLD, BAA, SLW, EXK and AG, not to mention filling in the chinks with plenty of GDX, GDXJ and SIL.   If you don’t want to mess around with individual stocks, those three are your best bets for the mining sector.

I really believe the $HUI might revisit $560 again.  If it does, and we get the bounce I expect there, that’ll be your green light.  Best to you all, and I’ll try to check in again over the next few days.

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(This Car’s body and frame are made from Carbon)
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I know I’ve been waxing poetic about the bounties of raw commodity gold and silver plays, and gosh knows AGQ, MVG, AG, EXK and SLW all performed mightily today, as did ANV and IVN on the gold side (among many others).  However,  I would counsel you also that there’s a whole wide word out there from which to choose.   Make no mistake, the European crisis is not going to be over with the waving of a magic juju stick that makes every price legitimate and no bank under pressure for insolvency.  Call it what you might, but this bailout is simply kicking the can down the considerably strung out road by tossing more money at poor Greek monkey grinders who will only convert it to a lamp shade or a fancy brooch.

That means inflation.

That means all commodities will be in play.  Let’s have some fun, shall we?  Indulge me.   Old favorite (and Jacksonian) beat down TCK was roaring like a Bengal tiger caught in an escalator, up over 10%.   TC — the molybdenum favorite and also Jacksonian was up 7.25%, and even my favorite WNR was fully erect today, adding a cool 9.5%.

But here’s that long developing carbon play I threw at you some months back — CCC.  Remember that monthly chart?  The one that showed that neat consolidating triangle?   Well, faith and begorrah, that triangle is still intact and still consolidating (much like AUY in the recent past).   And given that there are two days left in October, we might even have the pleasure of an actual breakout of some significance here:

Two days for a paradigm shift possibility.  Is that too long to wait?   I wouldn’t.

PS — I have another favorite PM play that has a beautiful monthly chart as well.  Perhaps I’ll share tomorrow sometime if you are pleasant.

 

Best to you all.

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[youtube:http://www.youtube.com/watch?v=rI6-JzxV-_M&NR=1 450 300]

Plantation Boss Liberals’ Response Seems Less Than Pleased

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According to a new NBC/Wall Street Journal poll released tonight, Herman Cain now leads the GOP field with a 27% share of the vote, with Governor Mitt Romney pulling second at 23% , and helmet headed Rick Perry falling from 38% last month in the same poll to 16%  in this latest effort.

I would say that Perry turkey is cooked, and its time to move on to the only man with a computer science degree and an MBA in the field.   A man with a plan (no matter how flawed) to limit the claims of the federal government on the capitalist incentive system that made this country great.  A man who has worked his whole life — in every trade from digging ditches to running multimillion dollar revenue companies.

And maybe most important, Herman Cain is comfortable in his own skin — without having to repair to it as his designated aegis or truncheon.   What a refreshing concept!  Good luck Hermanator!

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And please, just stop with the Mitt Romney stuff already.  He’s the establishment candidate in the best traditions of other past fatted calf candidates, like Bob Dole and John McCain.  While I have great respect for Mitt’s operational background and vast business success, I cannot vote (in the primaries at least) for a guy who continues to back his moves in creating Romneycare, along with all the baggage attendant in that decision.

The voting public hungers for a conservative once again.   Herman Cain is thus far the only conservative candidate with the personality, wits and contacts to win the long race to the White House.

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I did get rid of the bulk of my QLD today, as reported in The PPT, but did little else.  I had a rather mammoth  order in all day for rare metal play QRM, but to no avail.  Luckily I already own a small horde of the name, but I was looking to add on a pullback today, to no avail.  I believe it ended up over 14% for the day.  I will continue my intense observations.

I continue to stalk select names in the rare earth (AVL)  and precious metal field (SLW, AG, EXK, RGLD, ANV),  even as this rally gets long in the tooth.  In the meantime I am also selling down some winners.  Not just QLD, but ARO and some other names that have gathered some moss.

Best to you all and to this blessed and still great country.  May she choose wisely.

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[youtube:http://www.youtube.com/watch?v=IA8QrOAghZ0 450 300]

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I started selling some of my QLD horde today, only to turn around and plow those winnings into more AG, SLW and EXK.

Why silver?  Mostly because the happy silver mining family was bludgeoned like a prize veal on the night before the St. Anthony Festival these last few weeks, and I like the reversion to the mean theory — no matter how temporary that reversion might be.

You know I started accumulating the PM ETF’s,  GDX, GDXJ and SIL last week in order to capture some of the rebound that I saw coming from that sector.  Well this week I will concentrate more on individual names like the above in silver and RGLD, AUY and ANV in the gold mining sector.  I might also dabble in those insane brothers XG and XRA.

Just to give you an example of what I’m seeing here, and why I think there’s still a lot of room in these PM names, here’s my markup of the EXK weekly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Note how last week the price bounced off the long term trend line only to leave that long tail in a hammer?  And note also how most of the stochastics are headed north once again?  I am seeing that in a lot of these names.   Again, it can all change on a dime in no time, and believe me, I will be ahead of you, elbowing you in the chin as I run for the exits if it does.   But right now, the dollar is on our side, and the momentum is coming back to these names.

Let’s have some fun while we wait for the deluge, shall we?

Best to you all.

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