It’s not just Gold, Mr. Anderson…

 

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The gold and silver and even platinum plays have been taking off with very strong relative strength these past weeks, even in the teeth of the Goldman Doom on Friday.   Now that it looks like Greece is going to get bailed out to the tune of $150 bn drachmas, or cowchips, or whatever they’re using for currency in Europe these days, I would bet dollars to doughnuts we’ll have a sell the news dollar reversal here soon, which will mean even more money flowing into the precious metal bull in the short term.

But we’ll save that for another day… you’ve plenty of names to consider from last week, and we’ve got other hard asset plays to speak of… particularly those in the Corn Belt, or who create notches therein…

Specifically I’m speaking about our old friend Mr. Anderson: The Andersons, Inc. [[ANDE]] , who has skyrocketed recently to new 52 week highs, only to be brought back down to the top of the breakout area on Friday:

You can see there are three bars of support in the above chart, one of which we rest on as of Friday’s close.   I feel more comfortable with a pullback to the next (middle) level at $35, and that’s where I’ll be adding to this Jacksonian beauty.  

I think we should be keeping our eye on the other ags as well, and while I’m not going to post the ugly chart of Monsanto Company [[MON]] I will tell you that I added another 1k shares to my already large horde at $63-ish on Friday.   As I’ve mentioned before… like Royal Gold, Inc. [[RGLD]] ,  Monsanto is a “set it and forget it” type of long term hold, and if I can find it in the low 60’s like this, I’m going to be a buyers for sure.

In other news, I did attend the somewhat rainy Derby (but was under cover, thank the horsey gods) and had a much better day than the Oaks, nailing an exacta box bet on the Derby itself, and coming away with quite a bit of cash, considering how pikerish my bets remain.   Derby is defiinitely something you’ll want to consider if you are a “bucket list” kind of guy/gal.    For what it’s worth, I’ve never NOT had a great time, no matter the weather.

My very best to you all.

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Fillies Day at Churchill – The Kentucky Oaks

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Whether or not 6-5 rated filly Blind Luck dominates this year’s Kentucky Oaks race as she’s expected, I will need much luck at the track tomorrow as I spin out my “exotics” bets, the exactas, trifectas and superfectas.

You see I’m usually a happy loser on Oaks, and a winner on Derby (the next day, Saturday).  I take Oaks Day as a warm-up, choosing to schmooze the crowds and throw crazy United Parcel Service, Inc. [[UPS]] -truck sized iron butterfly-equivalent bets that have about as much chance of coming in as a fat man in a Scottsdale Arizona half-marathon.

For the big race itself (the Oaks, tomorrow, I mean), I guess I’m going to have to throw Blind Luck in there with my exotics, as betting it straight up (at 6-5) would just be plain boring, even with a win.   I’ll likely pair her up in an exacta with Tidal Pool or Quiet Temper.    

My “sleeper” is Beautician, and I may throw some money at her in a win place type of situation.  We’ll see.

Also of some interest to fans of the Sport of Kings, last year’s Oaks Queen (by over 20 lengths!), Rachel Alexandra will be featured tomorrow as well,  in the Grade II La Troienne Stakes, which will run before the Oaks.  In that race she faces the one horse that has beaten her this year — Zardana.   Should be a good one.

Nothing much to see in my stock portfolio, aside from “win” — the misbehaving LED light partners Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] notwithstanding.    Monsanto Company [[MON]] is looking very tasty here as well, and I will be adding to my original pile tomorrow at these levels.   Again, I don’t care if MON goes to the fifties, as I will continue to purchase it for the long haul.  That said, it’s monstrously oversold right now.

Meanwhile, in sunnier climes, I expect Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] and Silver Wheaton Corp. (USA) [[SLW]] continue to pack on pounds every day in an effort to please me with their plumpness.   I look or Rubicon Minerals Corp. (USA) [[RBY]] to start to mimic the success of Golden Star Resources Ltd. (USA) [[GSS]] as of late.   Also, keep an eye on [[EXK]] making a stealth move, along with [[CDE]] .

On the platinum side, aside from [[PTM]] , the ETF, the miners [[PAL]] and Stillwater Mining Company [[SWC]] look like they are returning to the upside move again.

Two stocks that have been in my portfolio went kind of wacky tonight… [[ENTR]] and Akamai Technologies, Inc. [[AKAM]] — an old friend of le Docteur M. Le Fly.

As always, I can’t state strongly enough the benefits of giving The PPT a shot.  The work that is going on within those walls recently is truly impressive.   Useful tools and a useful community of traders… you can’t ask for much more than that at the price.

Best to you all, and Happy Oaks!

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Bring the Goooooold, lads!
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Amidst all this market shakedown this week, thanks to the Goldman’astra there’s been one stalwart –the gold and silver metals and their miners.

Whilst today Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] were mildly to “extra spicy hot” OFF, my trove of golden doughnuts held form well, and in fact look to be setting an example to the rest of the stock world for when everyone else realizes inflation is coming. 

The [[HUI]] , which is an index for unhedged miners  makes for a great example of the relative and overall strength of its sector.  The weekly, which you’ve seen before, shows that the bounce off the 61.8% fib line continues unabated:

Even the daily is showing “whut-whut” these days to the pikers in other sectors:

These are the signs of sleeping giants, gentle people… and they are quite possibly being unleashed by their former masters in the Iberian and Aegian Peninsulas.  Whatever the case, you can be sure more printing is to come.

Here’s a beneficiary of some printing, as pointed out just two nights back.  Silver Wheaton Corp. (USA) [[SLW]] has now tested it’s breakout and is now ready to play in all reindeer games:

You know I’m biased, but you have to admit that’s a pretty sweet formation, no?  She remains my favourite (sic).

Best to you all, my friends.

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Bonus! — The title explained for those who missed the first posting.

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[youtube:http://www.youtube.com/watch?v=yv0MEMyot3A 450 300]

Hercules with Lasers… Go with it!

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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.

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You know this is one of my favourite (sic) non-gold/silver picks in my bag of tricks and I think Cree, Inc. [[CREE]] may be in a potental place for me to buy back once again at a key inflection point.   As illustrated here, the 50-day EMA has been very reliable place to hoover some relatively cheap shares.  

Even on the weekly chart, the 13-week EMA (roughly equivalent to the 65-day EMA) shows great support as well. 

Let these pictures be your guide.  As I believe that Cree, Inc. [[CREE]] will be the Dell Inc. [[DELL]] of it’s time, I shall be buying more on this pull back and holding for the extended term.

Best to you all.

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I haven’t time and there’s no explaining, Lucy.  Let not your heart be troubled by my tribulations, as they number among the Blackberried.

Let it be known that I hate switching servers, but not my fellow man, even as he deserves it, verily.

Wow, chip and merrily, I cannot get over the stalwarts today. First, let’s look at the banker’s weekly on the [[BKX]] :

Robusto, no? You know what they say about robust banking stocks, yes?   Now look at the Trannies, Granny:

 

 

Voila!  Not only have you the perfect sell data, but you can take the bus to the bank as well.   It helps if your eyeliner is smudgy, but barring that, keep your eye on the above two indexes and above all watch [[UUP]] and DXY.  

Bless us all, everyone.

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Bonus track!  Testamentum Eternum!

[youtube:http://www.youtube.com/watch?v=74d3gWJOV-4 450 300]

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