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Okay, so the gold and silver party has been put on hold, thanks to the surging US dinero, a.k.a., the U.S. Peso, the ugly American dollah dollah bill.

I think this move be temporary lads, so let’s not grieve and bereave.  Rather, take this time to re-up and re-assess.   All the names I gave you yesterday and more will be strong through next Christmas.  “Gather slowly” is my mantra.

In the meantime, the M&A carnival continues, and my question to The PPT last weekend — i.e., “why do these pasta bastids at AIPC seem to move in league w. gold?” is finally explained… someone’s been stalking our Pasta Friend, and it’s the good old dog food people at Ralston Purina!   Pasta for dogs, that’s the answer to our national malaise!

I jest, it’s actually the makers of the inedible Grape Nuts at Ralcorp.   But Ralston Purina pooch food was funnier, so sorry.

Long story short, if you bought some AIPC some weeks back when they were moving with the gold stocks, then you made a nice pop today despite your bludgeoning in key gold names.

Go slow, go small, but the pops will continue, as will the degredation of the dollar.  Stick with the PM’s and sell some calls if you get nervous.   I will hold fast and even add here after selling my AIPC winnings tomorrow.

I am still on the road so my presence will be limited.  My best to you all.

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You bring the dough, I’ll crank me goooolden pasta machine.
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Have you just arrived at my blog after visiting the site of M. Le Docteur de Le Fly? Did you watch that video with the eerily calm-voiced man who is sketching our collective doom via Youtube videation?   Are you now in need of a mug of chamomile tea in order to calm your nerves?

Well, goodness knows, there’s other comfort foods available for your consumption, including Jake’s yummy pasta.  Remember this [[AIPC]] name from the other day’s post “Pennies for Pennes?”    Here was the original chart from 10 days ago:

And here was Friday’s close — a mere week later: 

Keep in mind, that’s a launch off support in one of the worst week and halves of trading we’ve had in 15 months.  Admit it, you didn’t touch this stock, because you thought maybe I was nuts, offering Italian carbohydrates whilst the Greeks burned the Parthenon down.   But you must keep in mind that trending stocks that display relative strength in bad markets are generally some of the safest names you can own in a storm.   

I think [[AIPC]] may take a rest/hit tomorrow, and it may be a good time to scoop some up.  Don’t wait too long, however.  There’s someone after this one, I think, and he’s/she’s/they’re no piker.

Speaking of strength in the storm, let’s not forget that [[GLD]] and [[SLV]] have been acting very cheery in the face of this Eurotardation, much to the chagrin of Mr. Samsonite Hamburg-ALL-er and his boss, a Mr. The Devil Dog.    What’s more, even the miners, which tend to wane in sympathy with the overall markets, are showing strength.  

If you watched M. le Docteur’s scary video, you may find the answer therein.  Me, I’m not going to invest in reverse-Oliver Stone type fright films, but I do know a trend when I see one.    As you can see, my plan remains the same, and so does my target for the Amex Gold Bugs Index [[HUI]] :

I like what I’ve been liking for months now, but I may not have mentioned them all, so here are some look sees:

Gold miners (Large): Goldcorp Inc. (USA) [[GG]] , Yamana Gold Inc. (USA) [[AUY]] , Newmont Mining Corporation [[NEM]] , and [[GDX]] for the grouping

Gold miners (Medium): Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] , IAMGOLD Corporation (USA) [[IAG]] , Gammon Gold, Inc. [[GRS]]

Gold miners (Small); Golden Star Resources Ltd. (USA) [[GSS]] , NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] , Northgate Minerals Corporation (USA) [[NXG]] , [[BAA]] , Rubicon Minerals Corp. (USA) [[RBY]] , Exeter Resource Corp. [[XRA]] , Taseko Mines Limited (USA) [[TGB]] and the catch all [[GDXJ]]

Silver miners: [[PAAS]] , [[CDE]] , Silver Standard Resources Inc. (USA) [[SSRI]] , Hecla Mining Company [[HL]] , [[EXK]] , [[MVG]] , [[SVM]] ,  and the catch all Apex Silver Mines Limited [[SIL]] .

Royalty plays:  Royal Gold, Inc. [[RGLD]] and Tanzanian Royalty Exploration Corp. (US) [[TRE]] for gold, and my baby Silver Wheaton Corp. (USA) [[SLW]] for silver.

Best of the litter — Silver Wheaton Corp. (USA) [[SLW]] and [[PAAS]] for silver exposure, then Royal Gold, Inc. [[RGLD]] and [[GDX]] for gold glamour (sic).

Best to you all, have a nosh of rotini, get some sleep and do not let the Samsonite Hambug-ALL-ers bite!

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What do I always say to you about dire times?  You want to buy gold, silver… and pasta of course.   What are you going to do, eat heavy metals that are far more useful worked into cheery adornments and dental hardware? 

No, of course not.  

In times of rising food prices, you want to eat staples that will fill your belly while providing you the carbo-rush you need to get you through those crucial trading hours between early morning sugar frosted bombs (and coffee) and late afternoon Butterfingers bar from the vending machine (and cawfee).

You need pasta to fill your demanding gut.   With some red gravy, or maybe some butter, or a light slathering of pesto.   You want the hot hot penne, the tri-color wagon wheels, the masticola.   So, it seems,  do many others, if judging by today’s nice action amidst Col. Kurtz’s “horror the horror” market show (brought to you be Procter & Gamble) will attest.

Check what this li’l beauty did today among the carnage that is all things not precious metals:

Now granted, this sucker had good numbers today… with expanding gross and net operating margins.   That’s all good, but you know that the real reason for [[AIPC]] ‘s increasingly good numbers is “the new frugality.” 

Embrace it, pop it in your mouth, swish it aroun your tongue.   It’s the latest thing.

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Not the latest thing is the relative strength of gold and to some extent, silver, in this downdraft.   Yes, even with [[UUP]] threatening $25 again, and the dollar index (DXY) being over $85 this afternoon, it seems the PM’s are holding their own.   This bodes very well for them on any reduction of the dollar’s recent climb.

That said, my perfomers today were [[GLD]] and [[SLV]] , Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] , and [[EXK]] and [[GDX]] , IAMGOLD Corporation (USA) [[IAG]] and Royal Gold, Inc. [[RGLD]] , my favourite here.

I like all the PM’s until further notice… they’ve decoupled from the dollar, and that can only be a good thing.

I also got hammered today in Monsanto Company [[MON]] and [[TBT]] , as was so kindly pointed out by my own personal troll.   Amazingly, I bot some more MON just below $60, though not far enough below.  I continue to like both names.

I am near exhaustion level, ladies and germs, business is that crazy.   I’m sorry I didn’t get to post a new one to you intraday today, but I will try to be there, at least through the comment section, in doozy dozy days like today.  Be safe, as Fly says, but look for the rebound here tomorrow.

My best to you all.

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