_______________________________________
 

This was quite a weekend for America, non?   First, Monsieur Le Docteur goes bi-Coastal (with an assist from Chuck Bennet no less) and  then the Dog Sledder and the Weeper gather the First Forces of November in the honored grass of the Washington Mall.   Is that a horn sounding a call?

I think such portents give whiff to the aether of foreborn change in the air.  Real change this time, not the kind of People Magazine re-worked hopeless Boomer generation failures we’ve witnessed since Pelosi and Reid took over in 2006.   Nor even the false “change” so reinforced by the JC Penny-ad First Vacationer and his bent dicta.   No, we’re talking a serious colon cleanse for the body politic, ovah heah…

We’re talking throw all the bastids out, and shrink that Gummymint that’s here to help you.   Here’s a song that might capture the moment, in all it’s paradoxical beauty…

[youtube:http://www.youtube.com/watch?v=5Z_fsdWYXMA 450 300]

God preserve the Union, and each of you in turn.   Most of all, welcome back to stable ground, Monsieur Le Docteur.

_______________________

Comments »

 

_____________________________

No, it’s not what you think.   I’m not packing the goats and chickens (I have a head chicken, I’ll have you know) and donkeys up for a caravan trip to Romania, even though that’s the legendary land that spawned Vlad Dracul.

Otherwise known as “Gapping and Yapping.”   No scheiss, join The PPT and check it out.  He’s the real thing.

No, no plans for Romania, just yet.   Instead my title refers to the oft-promised Dow Theory Analysis of the Transports that I’d mentioned over last weekend.   Despite the hotness of yesterday’s gold pick [[BBA]], I will digress in a wood less traveled by, and momentarily  talk about the Dow Transports and how they are giving us nice signs, despite the prevalent gloom and doom.

The Transports, as I’ve mentioned before, are the key to the Dow Theory.   If they do not confirm, then there is no bear… yet.    And thus far, the Dow Jones Transportation Index [[$TRAN]] has not confirmed a lower low vis-a-vis those February lows which we made on the SPY recently.  Note how the weekly shows the non-confirmation:

As you can see on the weekly, the Trannies have gotten back above that very important 61.8% Golden Ratio Fibonacci Line.   I believe that line will serve as support, even if we enter into a temporary oversold condition here, kudos to The PPT.

On the daily, it’s a similar exercise in rebuilding:

 

We’ve had five days of nice solid recovery, the last two of which have broken that downtrend line with some vim.   Though today connotes a bit of oversold-ness, I’d contend we will find some support on that downtrend line, and better, that the Transports will lead us higher again.

Before you give me a rose tiara and call me Polyanna, please recognize there’s only one reason for the stock market to be rallying right now, and it stems from the sound of that “clacking” that you hear even more disinctly than the Vuvazellas (sp?) contributing to the beehive noises at the World Cup. 

Remember that dollar weekly chart from about a week back?  Well, coincidentally, Old Uncle Green-backs is still following that script… I touched nothing on the narrative here, just updated the chart itself…

I think we’re headed into more dollar doom.  Probably not all at once, but herky-jerky, back down the pike.  That means inflating asset markets, no matter what the CPI says.

Act accordingly.   And for goodness sakes, get into The PPT so you can tell your grandkids about saving their college tuituons.  Best to you all.

_________________________

UPDATE:  Drunken Dem Congress Critters Gone Bad!!   Time to Retire This Fist-First Nut,  Tarheels:

[youtube:http://www.youtube.com/watch?v=_oqIP9yagkQ 450 300]

______________________

Comments »

[youtube:http://www.youtube.com/watch?v=ba8OGkwgPOc 450 300] ____________________
Yeah, I’m still selling.

Maybe “Armegeddon-style.”  Like I’m one of these fine Japanesey blokes fighting like a samurai to smoosh my face against the rising nylon tide.

All I know is that the dollar trade is stre-e-e-e-e-e-tched taut. There’s only so much a dollah can take, after all.

Before it snaps.

So I’m selling, into egregiousity. I’m selling beautiful IAMGOLD Corporation (USA) [[IAG]] — one third of my portion at 2k shares @ $18.87.

I even sold more Silver Wheaton Corp. (USA) [[SLW]] today… only 1k at $16.15, leaving me with 10k left.  I got rid of the bulk of my KKR Financial Holdings LLC [[KFN]] as well, 4k shares at $5.35.

Meanwhile, in Market Earth, people keep appeasing the Turkey Gods with supplications comprised of gold scoffing and precious metal pilgrimage, saying :

“Oh Turkey Gods, if only you will make this a secular bull, and give reasons unto us that will be economically feasible for this uplifting in the markets, I will promise to stop throwing trash and banana excrement on my neighbor’s lawn, in Thy mercy.”

Too little too late, I say.  My pendulum is stuck at 9 o’clock, but not for long my fair thee widgets.   Said pendulum will come “crack-back” style to implode the knees of those hoping for a consolidato (Italian for “get up & go market”).

I am at 30% cash right now.  Near unprecedented.  There’s only so much a market can take, and guess what?   I’m selling more calls tomorrow.

Best to all you nylon tug of war mavens.

_____________

Comments »

Giants got drubbed for their first loss of the year. Ed Hochule’s crew called the worst game I’ve ever seen (the “phantom hold” call negating a brilliant Jacobs catch in the end zone will be talked about for years to come), but even without that egregious Carlos Marcello-like fix, I don’t think the Giants could have stanched such a brilliant performance by Drew Brees.

Conclusions?  New Orleans is for real and the Giant secondary is extremely suspect after this week.

Now I will retreat into my sweat lodge to meditate on the coming days of trading.

{Aside to Fly — you are invited. It looks like the Titans may want to de-list this year.}

[youtube:http://www.youtube.com/watch?v=V-ai0OyCh5c 450 300]

_____________________

Comments »

[youtube:http://www.youtube.com/watch?v=LS-jutv-rh0 450 300]

The New Official iBC Theme Movie?

________________________________________________________

No, this is no well-deserved reference to the Red Sawx or the Twinkies, or even the misbegotten Mets.

It’s what I’ll be doing to pass the time until Christmas.   I’ll be staring at goats, shepherds and large carafes of homemade plum wine.

Because I’m looking at the Jacksonian Core Portfolio here — up 44.7% since May 1st and going higher — and I’m saying… why would I want to screw up a good thing, ovah heah, fretting about short term nary and sally?

I just got back from checking out all their daily charts, and… you know what?  They’re all overbought almost to a man.

Normally, I’d  be all “where’s my exit” on stuff like that, but… you know what?  See above.  

Goats, shepherds… plum wine til Christmas.   Abide.

______________

[For those of you who were asking in the last thread about “WTF are these Jacksons?”   I have listed them and their various monthly and “since May 1st”  returns, including possible pullback entry points.  BTW — Don’t even think of following me into these positions, as your extremities will undoubtedly blacken, and soon fall off at some embarrassing time.]

Name/			%		Portfolio	Portfolio
Ticker	2-Oct	9-Oct	Change		Value	Impact		Comments
ANDE	$        33.76	$        35.86	6.22%		$           10,827	0.40%		Next stop $39-
EGO	10.60	12.02	13.40%		$           11,263	0.90%		Broke $11.70, good rebuy on a dip.
GDX	42.76	48.29	12.93%		$           14,616	1.13%		$45.38 is 20 day for pullback possibility.
GLD	98.37	102.84	4.54%		$           11,827	0.32%		Pullback to $102?
IAG	13.25	14.61	10.26%		$           18,015	1.11%		Already taking off again here…
MON	74.67	75.77	1.47%		$           12,021	0.11%		Bounced off 50% fib retrace @ $73.50
PAAS	21.54	25.82	19.87%		$           15,508	1.85%		Broken out, look for touch @$25-ish
RGLD	43.29	48.48	11.99%		$           13,396	0.96%		Hit $48.65 target, forming handle here….
SLV	15.82	17.44	10.24%		$           14,167	0.87%		Overbot slightly.  $16.46 is 20 day.
SLW	12.07	13.86	14.83%		$           13,463	1.20%		Pullback to $13.25?
SSRI	19.55	22.44	14.78%		$           13,054	1.16%		$21.50 pull back before takeoff?
TBT	43.40	46.00	5.99%		$             9,163	0.33%		Near target @ 38.2% fib =$47.20
TC	11.37	12.80	12.58%		$           10,536	0.79%		Pullback to $12.30 for purchase
TCK	26.26	31.36	19.42%		$           30,259	3.52%		Officially BTFO.  Target $40-
Cash (000)	$        0.00	$      12.64	0.01%		$         12,644	0.00%		Same
AVG (weekly)			9.33%		$       210,759	14.66%
AVG (monthly)			5.67%		Actual cash
AVG (inception)			44.65%		on cash return	40.51%

_____________________

UPDATE:  In case you need the Jackson’s “daily look” — like we’ve got with the Pat Boone Page, I’ve listed them here:

The Andersons, Inc. [[ANDE]]

Eldorado Gold Corporation (USA) [[EGO]]

[[GDX]]

[[GLD]]

IAMGOLD Corporation (USA) [[IAG]]

Monsanto Company [[MON]]

[[PAAS]]

Royal Gold, Inc. [[RGLD]]

[[SLV]]

Silver Wheaton Corp. (USA) [[SLW]]

Silver Standard Resources Inc. (USA) [[SSRI]]

[[TBT]]

Thompson Creek Metals Company, Inc. [[TC]]

Teck Cominco Limited (USA) [[TCK]]

And don’t forget about “honorary Jackson” Allied Nevada Gold Corp. [[ANV]] , which I consider “one of the crew.”

_______________

Comments »

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

Nominated for “Best All Time Song with Worst Video of Prospect Park, circa 1991”

________________

To gauge for yourself  if I’m having an “approachable day” or not, you can now repair  to the wholly representative Pat Boone Metal Page  for a safety-conscious review.

If things are bright green over there– like a Springtime Shamrock Shake Party at Ralph Nader’s house in Galway — you’d be able to walk up and hand me an Obama hymnal with little chance I’d even go thin-lipped on you,  never mind laying you low with a carotid chop to your whoreson neck as you’d fully deserve.

However, if things are as violent a red over there as Pammie Anderson’s tuchus at a Tommie Lee “bring-your-own-cricket-bat” lingerie party  you might want to be a bit more circumspect.    Silent, even.  

Because as much as I may hide it here, with my cool equanamity and Mad-Men inspired pork-pie hat, I’m all a-scramble inside when my beloved metal friends do the snake dance of volatility.

And these strumpets have been volatile lately, as strumpets are wont.  

On days like these, however, the addition of account zeroes to my tally only makes me look upon these assets with more fondness and father-like mirth.   Tonight, I promise you I shall chuckle to myself as I stuff my certificates into silk pillows and hide them in my upstairs attic, next to Aunt Ida’s skeleton, where the “revenooers” will never find them.

Don’t get any ideas, whoresons, she was a 40-year Anatomical Sales Associate for Barr Labs before retiring to Winter Garden.  She left me that sample as a wedding present.

Today’s coin banquet included the Brutish Doubler, [[AGQ]] ,  the loverly [[CDE]] , the timid yet precocious [[EXK]] and the schizophrenic girlfriend of silver miners — Hecla Mining Company [[HL]] .  

If you’re sensing a pattern that “junk” silver is heating up, well, give yourself a pre-’64 Washington quarter.  But just one, as they’re dear to me.

Even the more traditional Jacksonian silvers did well today, however, and you should be “A-lways B-e C-losing” on Silver Wheaton Corp. (USA) [[SLW]] , [[PAAS]] and Silver Standard Resources Inc. (USA) [[SSRI]] like that fat-ass Alec Baldwin closes in on a  jelly doughnut that’s rolled off the catering cart.

On the gold side, the price of gold was up $14  (1.4%) today, (as opposed to volatile silver’s 2.8% increase), and the juniors showed that there might be more to come, with New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] , Rubicon Minerals Corp. (USA) [[RBY]] , Gold Fields Limited (ADR) [[GFI]] and new-comer pocket Hercules Nevsun Resources (USA) [[NSU]] tearing it up today.

Non precious, non-Jackson holdings that did well today also include [[CAR]] , Amkor Technology, Inc. [[AMKR]] and The PPT favourites (sic) [[ENTR]] and Trident Microsystems, Inc. [[TRID]] .

All in all, it was a day where I’d say I’ve earned myself a spanking new sheepdog, or a well-combed Lhaso Apso, in the least.

I predict more volatility and personal moodiness on my part, so don’t forget to check the signs before approaching.   I’m still saying we ride the Jetson Rocket Sled into Christmas and feast on bull in the New Year.  

Check your chinstrap, and let’s get going here.  Best to you all, but see you lucky ones in The PPT.

_____________

Comments »