[youtube:http://www.youtube.com/watch?v=P3QYLJ8zH5E&feature=related 450 300]

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In certain Northern Mid-Western climes, the citizens have become so mushily liberal that — in their overwhelming compassion –they have confined their hapless professional football teams to a regulated indoor environment.

As a result, no one in these left-leaning regions need suffer for their gridiron art in the fashion of Lombardi, Hornung, Robestelli, and other Hall of Fame stalwarts of the past.   Come game time, both players and fans can loll about at room temperature, consuming multiple jumbo franks and 64 oz. Mountain Dews without fear of nippy nose or chilly tootsies.   

Real tough guy stuff, no?    You’ll find it no wonder, then, that these teams haven’t won a Superbowl in… well…

Forever.

I bring this up in order to levy well deserved shit to Chief Admin Jeremiah and his wussified, faggot-assed (not that there’s anything wrong with that) Minneapolis Metrodome Vikings.

I mean, if you are going to be pussified about going to see a game in the weather — despite your arguably holding a home field competitive advantage (see “Packers, Green Bay“) —  then by all means build youself a cozy indoor stadium so you can spare yourself the chilblains on your vanilla layers of Midwest portly.   

But do us all a favor, eh, Minnesota?  Please get yourselves some architectural engineers that will factor in the possibility of snow accumulating on the roof, eh?  You know, just in case it gets warm enough to do so every now and then?

Thanks so much.   Your friends,

The N.Y. Giant Fans With Three Superbowl Trophies and, Not Coincidentally, an Open Air Stadium

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It looks as if The Bernank (sic) and his antics will continue on, at least for the beginning of options week here.   Like a good neighbor, I will be reducing my positions again, trimming here, trimming there and braiding the remains for a nice Christmas streudel rope to be given out to wassailers and other visiting Folk o’ the Yule.

I will probably get rid of the last remnants of my IAG calls, which have been less than satisfactory these last few weeks.  I will likely retain the underlying stock, however, and only be trimming my outsize positions (ANV, SLW, EXK, GDX) to raise some cash for the new millenium, where the chief currency will be penny farthings made up of plastic doll’s buttons.

Again, this is not the long term strategy, and I will not be taking down my core, only my oversized accumulations, which have done so well since September especially.  More tomorrow, if I can get out of my driveway.

Best to you all.  And keep an eye on BIOS and ENTR.   These old stalwarts seem to be making a move again, as do non metal Jacksonians ANDE , TCK and TC.

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 Many of you may know of Hannukha Harry from his comic forays on the old Saturday Night Live.  Well, a similar number of you may not realize that Harry– in true legend– actually wore a formal stove-pipe hat (see above) when doling out socks and toothbrushes and other sensible gifts to the good Jewish chillens over the eight nights of Hannukha. 

I can confirm this, as I saw Harry himself with mine own goyum eyes coming through the garage door entrance (sensibly) of my friend Benjamin Zimmerman’s house one early December evening in sixth grade, when I’d stayed over — at his parents’ invitation– on the third night of the Festival of Lights.  

It was 7:30 and we’d just laid out the traditional borscht and bagels after Jeopardy, when we saw his trademark stovepipe peeking through the door.    Hannukha Harry only comes at sensible times, as he needs to be in bed before ten.   None of this fakakta post-midnight chimney drop-ins for him, he told us.   That, he explained, is for the meshugganah Sinter Klaus — a distant relative and definitely not glatt kosher. 

One of the gifts Harry bestowed upon us that night was The Tale of Sound Money.  Sure, he was easy with the gelt, but aside from the traditional chocolate coins, he told us never to trust a fully fiat currency system, as it would always let us down.   At the time, he told us, the U.S. dollar had devalued from it’s 1913 (pre-Federal Reserve) value by almost 87% (it’s now closer to 95%), and much of that drop was achieved in the decade since Richard Nixon had given up on gold convertability altogether in the 1971 Bretton Woods abdication.   

Harry told us it was only a matter of time before politicians and their allies in the central banks got so greedy that they’d wreck a fiat currency system designed — with the best of intentions — to promote sound economic trade.   There was just too much conflict of interest for any one central bank or sponsor country to trust another, and worse was that temptation more for the “currency of record”  that was held as the “reserve” in a fake money system. 

No, only an anchored “no cheater” metric could ensure a balance of trade that would not bankrupt the citizenry of the developed world, he admonished, with furrowed mono-brow.

And to emphasize the point of the lesson, Hannukah Harry left us with a Canadian Maple Leaf gold coin a piece (he explained he was originally from Toronto), and then drove out of sight in his ’79 Toyota Corrolla (sensible to the end).

So today, in remembrance of that evening with Hannukah Harry, and on this first night of Hannukah, I have discarded my formal iBC Approved Lincolnesque stovepipe top hat, and replaced it with the traditional Hannukah stovepipe instead (above).  

Happy Hannukah to all of you, and most especially to my Tribal readers and friends.

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As for the market, I think you can see what’s happened to the dollar, and consequently, our vindicated precious metal markets.   Notice also that things in the PM world have started to get a little tired and labored even as the dollar drops?  That’s why I’m not really adding to my precious metal hordes at this late hour, despite the temptation to do so.

In fact, I may even use this short burst to trim some of my laggards like IAG and GSS, and even sell some calls on my workhorses like SLW and ANV.   In the meantime, I make hay whilst the sun shines (and the dollar drops) on such long term holds as ENTR and TC.   I even added to TC ($12.80) and rare earth metal nut-stock AVARF ($3.69)today, as I recorded in The PPT.

These are all late game plays, and I will be trimming in the week ahead almost definitely.  There’s only so much we can expect out of the magnificent moves we’ve experienced in the last months, and I will squeeze what I can out of my bounty.  I will also endeavour, however,  not to get stupid and over-greedy.

Best to you all, Light Festivalists.

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

(The 1970’s are back in California, at least)

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It ain’t easy keeping up with my family for a long weekend mini-vacation let me tell you.   It seems we did it all this time around– the full blown resort/ winery grand loop/ top-eating halls/ Napa-Sonoma scenario, and even added in the occasional valley balloon flight and a “little” family party at a relative’s Fairfax home in the hills.   I think we also greatly depleted the stock of the district, so it’s a good thing that harvest is a little late this year.

Because let me tell you — they’re going to need more grape jooce (sic) when we finally vacate the air space.

Going into this week I am going to exercise some caution.  I still have a little bit of my ANV and SLW hedges left and I may add to them perhaps get some GDX and even GDXJ covered calls.  Both gold and silver are magnificently stretched here and I’m looking for a respite at least.    I woulodn’t be surprised if that respite went hand in hand with a similar pullback on the SPX.

To that end, I may trim my sails on some of my stock positions also, including TCK, TC and ANDE — the non-precious Jacksonians.  I will keep all of my MON as that seems to have a counter-cyclical trend to its trading recently.

Besides, it’s a long term hold play, and I’d be comfortable adding lower, so why sell some now?

I am bone weary and getting up early tomorrow to take on the San Fran Airport.   I will try to check in via Crackberry, but until then bon chance!

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[youtube:http://www.youtube.com/watch?v=dQtq4Z4t1yQ 450 300]

Coupled With an Egregious Loss of Dignity

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SLW was up 25% this past August.  You’re welcome, any time. 

I expect we’ll see a bit of consolidation in the PM names into early September, perhaps even coincident with a pullback in TLT, our nemesis.

Then again with the action in ANV today, that might just not happen at all.  I hope, however, that it will, as I would like to add a bit more ANV before that behemoth continues to roll on.  Remember what I said about how powerful that stock was off a touch of the 200-day EMA?  That was back below $16 a share, less than six weeks ago, and today she hit $24.50 before backing off to a dollar lower than that. 

Now futures are raring up in a wholly unexpected September first blastoff.  I mean who could have thought all that low volume selling on Monday could have been big money positioning? 

Right? 

PM’s may rest here, but I’m thinking ANDE and SQM — two recent mentions, along with old Jacksonian friends TC and TCK, will offer plenty of fun-haus trading for those so inclined tomorrow.   Dollars to doughnuts, our friend earl starts launching again tomorrow.   I may partake in some eeeevil ERX as a result.

For the adventurous, it looks like CREE and VECO are ready to “POWR” up one more time.  Or you can go equally nuts with Triple Sec Russell play, TNA.

My best to you and your Boomer parents.   Well, kind of.

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“Dollar Bill,” the Three Legged Horse 

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The formidable monster dollar days are as done as well oiled-Gulf cod, with a side of Pelican mashies.   The Euro may continue to break down and every paper currency in the universe could go the way of all tinder, but I do not think any of it will help our much abused dollar.

Nope, you see Bernanke caught that acrid whif of deflation over the last fortnight, and he knew exactly what he had to do.  And he did it — he opened lines of credit for crappy multinational and Euro banks to stabilise (sic) their burgeoning debt crisis.   He used our bucks to help sterilise (sic) bad Greek and Carpathian debt like it was mere Fannie Mae mortgages or something similar.

And what a time to do so — when the dollar was as healthy as a three legged horse in a horse amputee ward at the veterinarian hospital.   Heck, you might have even ridden that horse, were you forced too.

To the abbatoir.

So Bernanke saved all the legless horses in Europe with his three legged horse and guess what… the bill has come due and it’s stipulates right here in ten point Hellenic script: “more legs.”  

More legs down as the printing presses continue to fly and whirl and shuttlecock and do all things printing presses do whilst churning out fresh greenback, further diluting their wirth (sic) to one an all.   Note how in the weekly, we’ve got a two week breakdown in the works since our tumultous “third top” high back in early June….

As you can see $85.00 is my near term goal, and that should coincide with a nice spike in the overall markets (not just the PM’s though they should surely benefit too) after we work off the overbought high so adroitly noted in The PPT .   

You can see $85.00 makes sense on the daily as well:

$85 is very close to our 50-day EMA as well, which further reinforces that target as a resting point, if not a full rebound target.

What will happen as a result of this continuing dollar meander down?   I’m afraid that in the intermediate term, it’s bullish for the markets — even if only artificially so.   Luckily, one can better guard his well-earned profits by placing them in an operating company that measures its assets not in dollars, but in something more substantial.  

That’s correuct, “the precious” is just that substanital asset, and mining operators have that, and leverage too.

You know my favourites as they never fail to please… ANV, SLW, EGO, IAG, and PAAS for now.   Keep a firm hand on the best, and you will have ample “excess capital” to play with the rest, like the other evenings’ offerings (BAA and RBY).

Gun to my head best immediate picks :  TC, TCK, CREE, ANV and IAG.

Stay safe, my friends.

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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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