In or Out?
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The Whale is threatening, its maw dark and deep.
Should you leap?

Truly the Whale can take you places, no? If you can handle the tight accomodations, the rancid air, the weak light, the pulsing, peristaltic movement, that is.

No one said this was going to be easy. Nothing worth accomplishing ever much is.
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I like everything I’ve recounted before here (just page back and note the silver and gold miners, and the Cree, Inc. [[CREE]] I have chosen for my March Madness pick and the Veeco Instruments Inc. [[VECO]] I did not, but own still). Also, don’t forget [[PAL]] and [[PTM]] .

I also like [[TBT]] as long term hold, as Treasuries are doomed. Anyone who tells you different or tries to game a quick-slick-Rick-trade in long bonds via [[TLT]] is merely sticking his tongue in a razor sharp blender whilst daring a two year-old to play “hammer the peg” with his tiny wooden hammer poised over the “Crush/Chop/Puree” buttons.

It’s just a matter of time, imho.

As a bonus, and today, only, I like coal here as well. It’s another commodity that the Chinese love, and God knows, we burn most what we love.

Try Massey Energy Company [[MEE]] here for starters, since Stanley Druckenmiller likes it, and he’s George Soros’s smarter (read “Republican”) partner. I also like Alpha Natural Resources, Inc. [[ANR]] and even the old discredited Jacksonian, Natural Resource Partners LP [[NRP]] — even if only for the fat dividend.

Last, but not least, I think United Parcel Service, Inc. [[UPS]] is getting ready to run again. Since it rules the Transports, I think that means the Trannies will run as well. Dow Theory gives you Paul Harvey’s “rest of the story.” Bad news for Bears.

Again.

Ciao for now.*
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*Extreme apologies for my recent lightness here. It seems that 2010 looks like it’s going to be a pretty damn good M&A year. That’s nice, since 2009 sucked quail eggs… however, it also means I’m going to be running around like a chicken sans chapeau for a bit. Catch you on the high side.

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Sun, Sun, Sun, Here He Comes…
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Today was golden, metaphorically and physically.  Aye, my purse weighs heavy tonight, good sir. They’ll be more to come, but let’s see what today’s action meant for one of favourite picks.  Today, I examine the daily Allied Nevada Gold Corp. [[ANV]] chart for some near term lessons and targets:

What a difference a day makes, no?  One successful thrust and we are up and out of the consolidation zone once again, and ready to make a run at the early January highs ($16.50 area).   We may get a couple of pullbacks from here, but I think we will proceed to that stated goal relatively quickly before pausing to coil again.

Our friend Baby [[HUI]] is also showing signs of robust life, not two weeks after becoming as oversold as that index had been back in the dark days of November ’08.  

Note how the MACD and the slow stochastic are only just turning up on this weekly chart?  It makes one want to touch one’s staggeringly huge bouffant, doesn’t it?

There’s a lot of run left in this move, I think.   Maybe we’ll even shoot past the recent highs of $520 in this cycle.   With the dollar continuing to flag, and the price of gold holding about $1,120 — I have all the confidence in the world.

Back in the here and now, I continue to like all the precious plays I named in yesterday’s post, and I also like the “N” team, NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] .   My top picks continue to be in silver, and especially Silver Wheaton Corp. (USA) [[SLW]] and [[EXK]] .

I also like the action in my two tech favourites (sic) today, Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] .   I actually attended a venture capital presentation this afternoon on nanotechnology that blew my socks off.   This new company’s first major customer was Veeco.   I think that may be a sign, I dunno.

On the “other metals” area — the three T’s will be strong with steel ripping.   Don’t forget Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] , and Titanium Metals Corporation [[TIE]] , as well as RTI International Metals, Inc. [[RTI]] , which has moved nicely in the last year or so. 

Finally, I would be remiss if I left off my two platinum blondes [[PAL]] and [[PTM]] .   Buy these and get a year’s subscription to Lady GaGa Magazine.   It won’t disappoint.

Your faithful servant in the Reign of the Sun King,

Jake.

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Y’all probably think I’m putting you on.

But I’m not.   I stand today in awe of the recuperative powers, the very resiliency of the American people.   Deep down, we are a people who almost universally subscribe to the simple concept of “leave me the fuck alone,” and let me just say, I love you all for it.

That Massachusetts, a state so reliably liberal Democrat that — in my lifetime –it has never been in play from the Republican side, could send such a resounding trumpet blast to those in the Washington D.C. power structure who would seek to usurp our liberty, well… it just has me kneeling in respect to our collective polity.

Thank you, Massachusetts.  Thank you for issuing the second “Shot heard ’round the world,” almost 235 years after the first.

God bless you all, and God bless the United States of America.

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Market talk— looks like the dollar is picking up steam tonight.  Get ready for a possible dip tomorrow.   Opportunities will abound.  Cree, Inc. [[CREE]] crushed it, and Veeco Instruments Inc. [[VECO]] will be rewarded too.  Best to you.

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Addendum: From the “This stuff never gets old department:”

[youtube:http://www.youtube.com/watch?v=c4aQCiRjvZY 450 300]

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What the Frig?
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I have to thank my Massachoo friend, E8, a.k.a. “Teahouse on the Tracks” for giving me this easy throwaway header.

But let that not distract from the niceness of this junior miner in the full Lawn Guylandesque sense of the term. Fronteer Development Group Inc. (USA) [[FRG]] is no doubt “BTFO” as we say around here, and the daily tells us so:

With that kind of lift off on volume like we had Friday, you can expect further action as follow through, but if I’m youse (sic), I’m gonna wait and let it flag some. Why? Well, the weekly should be an indication:

As you can see, there’s a secondary consolidation zone that we’ve just broken into. I think that means we’ll see a little bit more consoliadation here, and maybe even a pullback to the original breakout line at $4.85 or so.  

When we’ve dealt with this little dollar eruption in the next couple of days to a week, I think FRG will resume it’s heading back over the $5.60 mark, where it should have clear sailing well into the $8-9.00 range.

Keep in mind we should have some pullback on our favorite miners here, so keep your eyes open.  I will be looking to grab more Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] in a rigidly opportunistic fashion, like Frank Sinatra on Rookie Cocktail Waitress Night at the Sands.

[[PAL]] and [[PTM]] remain strong relative to gold and even silver.   These laggards need to catch up.

Keep in mind also that the 13-week EMA’s for Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] of which I spoke a few posts back, should be looming into view this week as well.   This is not an opportunity to ignore.

May all your bastards be glorious, and I hope to speak to you tomorrow sometime.

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I’ve been abominably busy and there’s just no accounting for it. You’ll just have to put up with my ghostlike presence as I H.A.L.O.-parachute in with various recs from the troposphere.

The good news is, nothing is going on that hasn’t been anticipated for some time. You might be at the opera, you might be at the symphony, you might simply be out at the soda jerk’s enjoying a nice sasparilla with your best girl, Friday, but you haven’t missed a thing.

You’re right in the middle of it, so it’s time to lay down your knitting needles and Persian cat, and lookee here at these six charts of wonder. They are all in the weekly format, so you know there’s “no bullshit” gumming anything up, making you lose your nerve.

If I’m you, I’m relaxing right here. I’m not you, and I can’t relax due to my manic tendencies, but don’t feel bad, it keeps my weight down in the winter. I’m relaxing and I’m letting the market come to me. If I’m you, I mean. “Come to me” is code for “wait for the 13-week EMA touch” — especially on these balenes of beauty.

First two LED stocks. “WTF!?” you say to yourself.

WTF, indeud. Come on ovah heah and check out “Elvis” the King — Cree, Inc. [[CREE]] first. Behold!

And his LED brother, from Ghostbusters II — Veeco Instruments Inc. [[VECO]]– almost as purty !

Now those are some pretty formations, no?  Can you say “simpleton easy?”   Good, good.   Now look at my other friends.  My favorite goldie Allied Nevada Gold Corp. [[ANV]] is first:

And who could forget my enormous EGO—  Eldorado Gold Corporation (USA) [[EGO]] ?   Another weekly wonder:

One more golden gate to my heart, is the appropriately named IAMGOLD Corporation (USA) [[IAG]] :

And last but not least, the “Stock of the Year” –Silver Wheaton Corp. (USA) [[SLW]] —  a silver stallion that will outlast them all:

Repair more to your weekly charts for comfort, my droogs.   Remember “13-week EMA” on these high fliers, and let not the shadow of Zul darken your hearts.

Quanza.

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It’s no secret that I think we’re due a substantial pullback off this 23-week Lorne Green’s Bonanza move we’ve had here, and I’m thinking it will probably come this week, if it’s going to come before the 2010 sell-off my colleague Mssr. le Fly has bruted recently.

One faithful guide I’ve used here many times to plot my course is the trusty Dow Transports [[TRAN]] of Charles Dow’s  Theory fame.    On the following weekly chart, you can see they are approaching an important Fibonacci level — the 61.8% Golden Ratio line, the strongest of the fibonacci levels in my experience:

Note that we are only one short thrust, a cut-purse’s dirk, as it were, from that magic level, at right around $4,215 on the index.  In fact, if we have another day like we had today on the Trannies, we will get there tomorrow.   This will be key an indicator for me as to whether to cover my hedges, or press them further.

For those of you looking for a solid play for après ski-jump,  you know already I’m a strong proponent of game changing technology.  I think Cree, Inc. [[CREE]] owns it, and will be the leader in LED technology as it advances to light our world on only a fraction of the energy and cost of traditional incandescents.   

All without K-cups.

It doesn’t hurt that CREE’s chart is nothing short of a monster, which indicates people far smarter than me are ready to finally back this innovative company after a long period of gestation.  Lookee here at this weekly trend:

You will note above that I believe this slightly overstretched beauty should get a pullback into the $47.50-ish range.  It’s a strong buy — with two fists — there, I’d argue.

Best to you all, tomorrow.

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