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Things just keep getting more and more peachy around here. On Friday, as I revealed yesterday, I threw caution to the wind and grabbed a whole lot of miner and double ETF picks that I had a feeling would make a strong move this week. Today I was rewarded for that Erroll Flynn-ish type of move not only by a strong move in the precious metal sector, but also a bonus Eagle loss to a team they should never lose to if they believe themselves contenders this year (sorry Bears fans).
Especially not at home.
That puts my Giants three games ahead of the “Dream Team” Beagles, albeit with three tough games still ahead of them (and one in the rear view mirror in Gilette Stadium -heh!). There’s more than serendipity at work here, methinks…
Could it be the Turkey Gods are blessing us all in advance? It’s quite possible, especially when you look at the evidence available in the $HUI — an index which up to now has been quite vexatious to those of us who trade “the original coin.”
But look what the weekly is telling us now… not only are we breaking out over old levels, but it looks like this time we’ve ample time left in the run. Check out these stochastics on the $HUI weekly —
That’s right, we’re near the famed “$610 Maginot Line,” again, and with adequate momentum to take those levels out with aplomb. And we all know that breakouts beget breakouts, don’t we?
So grab your favorite gold miner or royalty financier (RGLD!) or even multi-varied ETF (GDX, SIL, GDXJ), because I think there’s more fun to come.
I may even grab some NUGT tomorrow if I can squeeze some time out of my fire extinguishing duties.
No rest for the weary Gentlemen (and Ladies). I will see you all around the coyne shoppes.
Best to you all.
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Thanks for keeping in touch. This is looking more and more like a run into Christmas.
Yepp. Plenty of room…
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Rgld very good bet!
Hells yes.
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nice post on PM Trading 101, GobblerGint
Good Sir,
Your coverage of the PM’s is sublime. I really need to keep a closer eye on your trades. I’ve spent the year dodging hand grenades in the financials and other sectors watching you pole vault over the field of battle. Hat tip to you sir.
Only bull still running. It’ll be volatile, but hanging on is an option.
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SA? nice ppt seasonality record too..
Still a little early. I’d like to see it convincingly above it’s 200 week EMA ($24.45+)
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Lookee here,, McCain gets to introduce the communitarian Third Way party, funded by the central bankers behind the UN, via Drudge Report —
http://www.reuters.com/article/2011/11/08/us-washington-summit-mccain-idUSTRE7A77U820111108
Total propaganda.
Niki Raapana has been writing about the Third Way party for YEARS (!!!!!).
From 2001 —
http://www.citizenreviewonline.org/sept_2001/the_third_way.htm
He is a true Manchurian, that one.
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Sorry I am not in a place to do a new post… but you should be grabbing your favorites here… RGLD is already green!
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JG – have you checked out HAP (van eck Hard Assets Producers)? Looks like a Jacksonian ETF, although heavily weighted towards oil at the top..
I’d like to see a break of $38 on that sucker… wish the volume was a bit better too… a bit unwieldy.
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jake,
Are you still looking at CCC? Looks interesting here what are your thoughts?
It’s right at the bottom of that triangle I drew on the monthly chart a couple of weeks back. Should hold here, although it’s got the rest of the month to drop down and form a tail, as long as the body remains at at least this level by month end.
200 week EMA is at $14.25. Support there.
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Jake, I nibbled a bit more NUGT today and will start on RGLD tomorrow (the 2-yr-old had me distracted for a bit). If you have a moment, I’d love to hear your thoughts about today’s action. I’m glad that Dr. Fly is aboard the PM thesis as well:) Thanks for all that you do here:)
Jake,
Is that a bull flag developing on the DXY?
THE thinks you’re correct , but missing
a key symbol GDX .
I’ve pushed GDX as a “catch all” for the larger miners, and it’s a Jacksonian.
However, I like the juniors here right now even more. (GDXJ)
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If is Turkey gilded, then Italy’s gelded!
Goodnight and please remember to take care of your waitress — she takes care of you.
Hold on a minute.
The Bears are playing better every game. They had a brutal schedule early in the season and it showed. Forte is a stud. O Line isn’t sucking so bad and Cutler isn’t a sack/pick machine.
They got lucky against the Eagles on a few plays but in the end it’s a W. Give us a Manning at QB and the Bears would dominate!
Bears looked pretty good last night, but it appeared the Beagles beat themselves.
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