[youtube:http://www.youtube.com/watch?v=jgoG5o7Jsk4 450 300]

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I’ve been mooning on about precious metals to make your head loll in zombie-dead fashion, haven’t I?  I’ll shut up for another day (yesterday I talked about banks, remember?) and discuss some other picks dear to my heart instead. 

First, let me point out that today was a tight fisted, play-the-Obama-speech, earl (sic) and gas flinging session for the majority of The PPT members inside that eldritch sanctum today.   Many a new position was opened in the nat gas and earl sectors, though your humble servant reserved his coinage only for a small addition to [[ERX]] and a new starter position in Fly’s latest find, the barrier island building [[GLDD]].

But my fellow iBankers have already mentioned multiple carboniferous energy plays for your enrichment, so I will hold off and present instead two metal names in my portfolio that I think are worth a glance at this (critical?) juncture.

The first is [[TCK]] or Teck Cominco, which, like the Nine Travelers at Lothlorien, stands at the “edge of the knife.”    The weekly chart is self explanatory (and the daily is quite useless, btw) — price must hold at these levels or the stock will see $25 very quickly.  

That said, I like this name, and barring any unforeseen circumstances, I think this name rebounds to the $45 level with the rest of the XME-like names, if this rebound scenarios continues.  Wait and see, first, however.

Another of my favourite non-precious portfolio metals is [[TIE]] which has been looking almost unnaturally healthy these days.    Given the consolidation in specialty metals, I wouldn’t be surprised to see this company taken out at some point in the next twelve months, and that could be what investors are seeing too.  First, the weekly is looking like it wants to break to free air:

Looks good enough to grab right now, but I think the daily gives some very nice direction regarding a proper buy point:

Let’s keep an eye on the gold and silver here as well.  Looking for Gold to stay above $1,200, here.  If it does not, I will have additional commentary on my follow up moves.

Best to you all.

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