Precious Bottle Rocket

Gold and silver reversed to the upside, in rather dramatic fashion this afternoon. There doesn’t need to be “news” to see the metals trade up, being that they are lagging the commodity space. Chalk it up to more buyers than sellers. I am not an authority on the metals and can only recommend a handful of names, EXK being my fav. If you want more insight, Jakegint is your man.

Chinese stocks are being destroyed, thanks to a coordinated short attack on CCME. For the record, I do not know CCME and couldn’t care less. But, the stigma of anything Chinese is scaring investors out of all stocks, BORN included. Comparing BORN to CCME is apples and oranges, as BORN went through the regulatory hurdles to come public, via iPO. Either way, it is not fun being on the receiving end of the homo-hammer. In my opinion, it is a buying opportunity.

Separate from that, I like ATPG, AGU and MOS, into the bell.

You have to love Ben Bernanke, especially when he looks Congress in the face and tells them he is not concerned with inflation. On 60 minutes, he looked straight into the camera and declared he was 100% sure he could stop inflation, if needed. Obviously, he couches his inflation argument by pointing to wage growth, instead of commodities. It’s as if the Fed thinks we do not eat food or drive cars. It’s as if they thought we were all robots.

Maybe they’re robots. Something to think about when smoking a large blunt.

Year to date, cotton is up 24%, tin 14%, nickel 12%, cocoa 12%, sugar 11%, uranium 9%, corn 7%, coffee 5%, while the only real negatives are gold -6% and silver -8%. It’s my belief that gold and silver both represent great buying opportunities. As you can see, commodities are not pulling back, but accelerating. It’s simply a matter of asset allocation that is causing precious metals to dip here. Give it some time, you impatient beast of a man.

Over the past year, the numbers are staggering, with regards to commodity prices. Without coming off as some sort of fact checking moron, just know cotton is up 168%, tin 84%, palladium 83% , coffee 75%, silver 69% etc. You get the picture.

With food commodity prices through the roof, expect farmers to spend money like rappers this planting season. Those fuckers are going to upgrade irrigation systems (LNN, VMI), buy new tractors (TEX, CAT) and of course plant lots of crops (MON, BG, DD, SYT), which calls for lots of  fertilizer (AGU, CF, MOS, POT).

Trust me when I tell you, “milk the farmer,” ahead of planting season.

If you are living under a rock or watching the brain dead idiots at Fox news discussing the many evils of Obamacare, Egypt has gone full Mad Max right now, killing people live on tv. Apparently, the pro Mubarak operatives are on the receiving end of extreme mob justice. It’s obvious that the government sent these morons out to start trouble. I believe they made a grave miscalculation. Instead of a docile, “please leave now crowd,” now Mubarak  has a “fuck you, we’re going to burn this country down to the ground” mob, demanding his removal and likely his head. All eyes on the Suez Canal.

U.S. futures are dipping, but nothing dramatic. Gold and oil are climbing and should continue to do well, as this shit hits the fan.

The age of revolution has arrived. Today in Cairo, tomorrow in Washington D.C.

As an aside, I must deride the clowns over at Fox News for their lack of coverage. Where the fuck is Geraldo Rivera when you need him? Whose wise idea was it to forgo live, on the ground, coverage in exchange for typical Hannity/O’Reilly horseshit? Say what you want about MSNBC. But those fuckers boss’d up here with their live coverage. May they steal millions of viewers from the dick-suckers at Fox News, much to the chagrin of devout fan and viewer, Senator Gint.

NOTE: iBC is steaming both CNN and MSNBC on the top right part of the site (retards). All you need to do is click play.

You will be waiting a long, long time. Do not postulate a lower stock market because we are going higher. The very basis of that position is counter-intuitive and against the prevailing trend. In other words, I throw pieces of ham at your face, while you cower under your magic umbrella.

There is no such thing as “easy money”; but this is as good as it gets. Having said that, and I know you agree, why bet against this modern marvel?

For the day I retraced less than 0.2%, basically flat. I had minor losses in EXK, MOS and KEG and gains in ATPG, AGU and FORM.

Back at it tomorrow, with a full heart, as always.

It’s very tempting to get all scared and shit, due to the unrest in Egypt. But then I remembered, “oh yeah, POMO.” No matter how hard you try, you can’t beat the clam, so stop.

Earnings season has been a great success and the recovery is underway. Do not let a little “Egyptian bullshit” get in the way of a little stock market melt up action. It’s long lasting and perpetual.

With my money, I booked gains in AMKR and BRNC and bought size in ATPG and nibbled on THQI. Ultimately, my wins will be extreme and belligerent. However, for now, in order to get comfortably in the black, I am booking small gains. I am moonlighting, if I may be so bold. I am here for the money, then I go.

My position is all but cemented. Long with 90% of my capital, 10% cash. Heavily long EXK, MOS, AGU, ATPG and BORN. Meaningful positions in FORM, KEG and TEVA. Year to date, I am up about 4% with my eye on the prize: fuck Egypt.

I bought 50,000 ATPG, for the squeeze.

UPDATE: I bought 5,000 THQI

Disclaimer: If you buy ATPG because of this post, a pro-Mubarak “demonstrator” will throw a malatov cocktail through your living room window. And, you may lose money.

Raising some cash to finance a purchase, I booked profits in both AMKR and BRNC.

I am mesmerized, watching Al Jazeera from my iPad. The pro-government fuckers are beating the shit out of the anti-government protesters. It is official: their bullshit revolution has decidedly taken a turn for the worse and now may spiral into civil unrest. Dare I say, they need muskets and small grenades. That country is on the brink of total and complete chaos, just like the stuff I read about in Tale of Two Cities.

Expect guillotines to make an appearance shortly.

Much to my delight, the market doesn’t give a shit. My positions are edging higher, as I am heavily long commodity related stocks. I like silver, ag and Chinese whiskey. Call me old fashioned.

You have to watch this shit unfold, here.

NOTE: Liberal journalists are BESIDES themselves, as the peaceful kumbaya style protests are now over.

It looked like she cut two holes in a heavy Korean blanket and draped it over her shoulders. She was a white female, age 60ish, and she was mentally ill, just in front of me at my local grocery store.

In a rush, I visited my local grocery store this weekend, in order to buy pastries. Normally, I’d prefer to visit a homeless shelter instead, since my local grocery store prides itself on selling bullshit food at insulting prices. However, being that I was in a rush, I tempered my emotions and went in. Quickly, I snapped up some cannolis and a few cookies and made my way over to the “cash only” line, as it was 1/10th as long as the others. See, I was clever and with lots of cash in hand. To be honest, I had a certain swagger to my step, as I stepped on the “all cash” line, looking down at the credit card wielding asshats to the left of me.

There was one woman in front of me, who had about 20 items in her cart. To my surprise, I noticed that she put two boxes of cotex on the conveyor belt. I took a keen interest only because she looked “old as fuck” and had no business buying cotex. However, I figured she was a nice old seahag, buying it for her daughter, or some shit.

Then all of a sudden, I noticed she was very chatty with the cashier, which is an early warning sign. Typically, people who talk to strangers are fucking lunatics, so I was on-guard. Then, she started debating the validity of each and every item scanned. Okay, you probably think I am exaggerating here. Let me repeat clearly, after each item was scanned, this crazy bitch questioned the authenticity of the price. I watched on in horror, as the credit card wielding losers to the left of me exited the store with great expedience.

Then the bat-shit hit the wall and the fan.

The gentleman cashier rang up the two boxes of cotex. Immediately, she blurted out “WHAT THE FUCK ARE YOU DOING?” Right away, my eyes darted towards her direction, amazed by her language, all done in front of kids and adults alike. She continued, “those aren’t mine. Take them off. How the fuck did that woman’s (referring to the person who was in front of her prior) order get mixed up with mine?”

Clearly she was lying, since I saw her unload the cotex, with my very own eyes, albeit they were shaded by the finest LUX has to offer.

The gentleman cashier erased the two transactions and attempted to continue to do his job, ringing up her shit. However, she had other plans for him. She furthered: “you only took it off once. You need to do it again.” He insisted they were removed; but she would not stop repeating “take if off again,” as if her brain was diseased by demons.

She elevated the debate, saying “I want to speak to your manager.”

By this time, I was livid, especially since I was egregiously late for my appointment. I was on line for about 15 minutes and this lunatic was trying to get over on this poor cashier for $3.50. But I held my tongue. I make it a point to avoid making scenes in public and try to reserve my own lunacy for private art auctions and crowded subway station platforms.

The manager came over, with an intense attitude,  all authoritarian and shit, and shut this bitch the fuck down. But, she was not finished, as it was time to review and study the fucking receipt.

As the gentleman cashier scanned my 10 items, I found myself rather snug, wedged between the person behind me and her (crazy blanket wearing bitch). Literally, she would not budge, no matter how uncomfortable my position appeared, for she had the all important task of finding egregious errors on her $31.00 worth of crap grocery ticket.

Then came the tipping point.

She reengaged the gentleman cashier for a little chitty-chat, asking him if he was absolutely certain that all of her items were placed in her cart. He replied, resolutely “yes M’am.”  Needless to say,  she was not convinced.

One thing you should know about me: I do not like people touching my things and I do not like people, as a rule of thumb.  Then, suddenly, things started to appear in slow motion for me (like Matrix), as this straight jacket candidate started to rummage throughout my bags, exclaiming “I just want to be sure none of my stuff is in here.”

I thundered with a loud baritone voice “AWAY FROM MY BAGS. You will find nothing of yours here.” Quickly, I snatched about 5 bags, with one hand, and threw them into my cart, with the same sort of demented mannerism that she was parading with pride for the past 20 minutes. I thrusted those fucking cannolis into my cart as if they insulted my Mother.

I could feel her eyes laser beam the back of my head, as she loudly exclaimed “YOU’RE A FUCKING ANIMAL.”

Lost for words, the only thing that came to mind, as I turned to her was “indeud.”

Indeud.