Hercules with Lasers… Go with it!
_____________________________________
It’s time to dumb it down. Way down.
I am preparing myself for this coming weeks’ action by watching the classic Golan and Globus production “Lou Ferrigno’s Hercules.” Watching this veritable feast of the cinema has –conservatively speaking — knocked out twice as many of my brain cells as would an all weekend black out date with Johnny Walker Red. What’s more, there’s no hangover involved… just a rough couple of days of re-remembering my children’s names.
Which is all great preparation for what this market is likely to do should the dollar plummet down the nearest ravine, which I think it should do as soon as this bit of Grecian mess is resolved. I believe that shall happen … shortly, as the Euro is already firming against the Swiss franc (which is actually made of cheese). Soon it’s going to be hell for the Euro-bears, and Heaven Hill for we dollar bears.
Here’s how I see the dollar resolving. I think Friday’s failure to reach the recent highs and attendant turnover in most stochs is significant:
Not surprising, as we’ve expected the dollar to resume it’s downward drift, and now it appears that with housing numbers up, we have another excuse to expect inflation.
Besides some of the recent gems I’ve spoken about, like The St. Joe Company [[JOE]] the land whore and the platinum twins [[PAL]] and Stillwater Mining Company [[SWC]] , I think I shall add to my Thompson Creek Metals Company, Inc. [[TC]] , my Cree, Inc. [[CREE]] (on a pullback to $76) and my Veeco Instruments Inc. [[VECO]] at market.
I also like what [[MVG]] has done to her hair, and will add to Exeter Resource Corp. [[XRA]] the gold spinner too. Last, two smaller juniors that I believe I will be adding here are Golden Star Resources Ltd. (USA) [[GSS]] and [[BAA]] .
If I could only purchase one thing this week, however, it would likely be my “baby” — Silver Wheaton Corp. (USA) [[SLW]] which is just now breaking out all over again:
My best to you all, and Merry Hercules to you, too.
If you enjoy the content at iBankCoin, please follow us on Twitter
Jake,
Should we get a run in pm’s here, do you think it has any staying power or are we just going up and down again for a while?
Reason I ask is that I seem to keep making it and loosing it and coming out not a whole lot better for all the thinkan.
The dollar will be your guide. I am putting some stuff on in addition today, but I am going to watch to see if the dollar breaks down all over again.
_________
Thanks Jake!
Always appreciate hearing your perspective.
Wow.
Do you have any wine to go with that cheese?
Just. Wow.
I think someday there will be entire Anthropology courses dedicated to the study of Golun & Globus movies.
Those crazy Israelis really knew how to put out some schlock.
_____
We’re scaling out(taking some off the table) a partial SWC here ($ 18+) as its reached our short-term target ($ 18-20) mentioned here in Jan- +80%
Indeed.
whats up with DECK? :)…short opp coming?
Well, that’s what I thought, certainly. Unfortunately, it’s been beating my ass on that side of the trade, recently.
That poor donkey!
_____
Is there a Grecian Formula for dat Grecian Mess.
SLW choppin wood
I think given the Trojan Whors(on) problems in Greece, the precious metals are a safe bet here.
Can you hear the printing presses a-clacking?
______
thinking about buying cree and mon here…
?
$63.5 is his target on MON and $76 on CREE, if i recall correctly.
But I’m also looking at PAL. What target you gots on that one? Looks ripe.
Target, shmarget…My ‘tell’ was when CREE was down 4.20%… Like a sign from the gods, i tell ya.
would have been more of a godly sign had it happened last week.
73 and 76 for CREE.
I like MON at 63.50 here.
_______
and PAL?
PAL looks like it stuck on the 20 day nicely today ($4.77).
______
JG-
What do you think of SD here? Also seems to be resting nicely on the 20 day…
Got into some MON today, me-self…
I own some SD, but I don’t know if I’d reach for any more right now.
_______
got some MON at 63.50
kiss o’ death!
KOD!
You see gold today?
_______
So what market madness would inspire you to link to their “most famous” film, “Breakin 2: Electric Boogaloo”?
That’s a whole new level of brain cell loss.
___