___________________________
Curse the Gods of the Precious all ye may, unbelievers and heretics of the Vixx Vapo-Rub-TLT Coalition!  Ye shall not daunt me, nor my precious ego.

Or should I say Eldorado Gold Corporation (USA) [[EGO]] ? For like Allied Nevada Gold Corp. [[ANV]] , IAMGOLD Corporation (USA) [[IAG]] and many of the components of [[GDX]] , my massive EGO made a doji high hammah (or whatevah) on strong volume today, indicating their are dip buyers and accumulators galore interested in the safety of these miners and their precious byproducts.

Lookee, here, soldier, and note ye the last two days of EGO-centric action after the recent breakout:

Not bad action on almost double average volume on a down day, no?  What’s more, in after hours, the stock was even green by a tad, much like Goldcorp Inc. (USA) [[GG]] ended the day today.

As for the dollar, it strikes me that it’s at least temporarily peaking out, with the 50% fib line fast approaching on the weekly chart, and on increasingly lower volume.  I think [[UUP]] may touch the 50% mark at $24.43, but I think the dollar retreats soon thereafter.  Note:

Which is why I believe we were seeing all these PM and PM miner dojis today.   Howabout that?  Get on, or dance the Hugh Hendry in chagrin.

Best to you all.

_________________________________

Comments »

 

____________________________

The M&A boom in the precious metal sector that I’ve long predicted on these page has finally begun to blossom.   [[LIHR]] supernova’d today on news of it’s rejection of egregious sexual advances from the Newmont Mining Corporation [[NEM]] and other encroaching crepuscular old men.

This will be only the beginning, as I have mentioned to you.   Large, shambling behemoths like Newmont Mining Corporation [[NEM]] , Barrick Gold Corporation (USA) [[ABX]] and even the nimbler Goldcorp Inc. (USA) [[GG]] will be hungrily seeking  small and medium sized asset-laden precious metal players like voracious toothed pelicans pursuing hapless baby ducks.  Smack! Smack! Deeeelicious!

  I expect that eventually, even the big general metal miners like Freeport-McMoRan Copper & Gold Inc. [[FCX]] and BHP Billiton Limited (ADR) [[BHP]] will get into the act, diluting themselves for my greater enrichment.  What’s up today as a result?  Better to ask what isn’t, but you can infer that the names with the greatest returns on an M&A day like today are very likely going to correlate with the names of other possible acquirees… among them:

Yamana Gold Inc. (USA) [[AUY]] , [[CDE]] , Eldorado Gold Corporation (USA) [[EGO]] ,  almost all the components of [[GDX]] and [[GDXJ]] ; silvers Hecla Mining Company [[HL]] and [[MVG]] (congrats to Employee8/Teahouse on this last one), and the two of  “the three N’s:”  NovaGold Resources Inc. (USA) [[NG]] and New Gold Inc. (USA) [[NGD]] . 

Also,  the silver cabelleros [[PAAS]] , Silver Wheaton Corp. (USA) [[SLW]] , Silver Standard Resources Inc. (USA) [[SSRI]] and [[SVM]] are all hot (and even stodgy [[SLV]] and his steroidal brother [[AGQ]] ), and let’s not forget platinum friends [[PAL]] and Stillwater Mining Company [[SWC]] .  Last, let’s not forget “X” factor, recently unspun Exeter Resource Corp. [[XRA]] .

Untroubled by today’s rush are eight PM underperformers which may only be laggards to today’s action, and therefore bear watching: Allied Nevada Gold Corp. [[ANV]] , [[EXK]] , Gold Fields Limited (ADR) [[GFI]] , Gammon Gold, Inc. [[GRS]] , Golden Star Resources Ltd. (USA) [[GSS]] ,  Northgate Minerals Corporation (USA) [[NXG]] , Rubicon Minerals Corp. (USA) [[RBY]] , and Royal Gold, Inc. [[RGLD]] .   You know that last is one of my all time buy and hold plays, so watch it especially here.

For my part, I will continue to ride the invisible neon flow of the Matrix, to the envy of my friends and the chagrin of my enemies.  I wish I could tell you all the momentous things which currently abrade my precious thread of cohesion with you all, but it would just as likely cast you into the pit of despair as lift your spirits to the heavens. 

Tomorrow is a day of Remembrance for me, and a day of quiet for the Markets.   I will try to stop in to share cause and cost with you, but if we not speak, may you all be well, and good to one another.

______________________

Comments »

 

_____________________________

We be coursin’ out o’ the far lip o’ the storm and here it tis at her strongest.    With the power o’ yon circlin’ vortex, it will try to drag ye to yer briny doom deep in the cold confines o’ Davey Jones’ Locker.   Take heed, lads!

Make an eye on yon dollar representative [[UUP]] — note how he’s strooglin’ and dancin’ like a half-mad murth’rous boocaneer at the end o’ a strip of fine English gallows hemp?    He’s tryin’ tah break ye lads, and his murth’rous brither, $DXY has shot all it’s grape over $81.00 as oirly as this morn!     They’re after ye traisure lads, as shore as I was born a palsied pain and boirnin’ boyle to the British Empire’s arse!

Aim yer guns down, lads, right below the waterline of yon King’s Federal Admiralty First Rater, the H.M.S. BernYankme, for her three decks are festooned with dollar cannon, ready to sink ye with all hands aboard, and yor sparkly traisure o’ silver and gold as well!   

But beware the storm that assists yon bewigged and brass-buttoned scurvy Federal Redcoats, blowin’ out of the South Mediterannean, and the Aegean Sea.   Tis driving the dollar to new highs against the warped and besotted Euro.   Fill the lifeboats with [[DRR]] and other provisions such as meat pasties and cane sugar.   Despite the dollar tide being up near a full 100 basis points, [[GLD]] and even [[SLV]] are riding the storm well, which gives me good cheer, even as my cutlass runs red down it’s fuller, and my beard sizzles with ball and gunpowder.

[[SVM]] and [[PAAS]] which were laggards last week, seem to be holding out the best in the silver circus.   [[EXK]] , Hecla Mining Company [[HL]] and [[CDE]] are next in line, with my favourite (sic) Silver Wheaton Corp. (USA) [[SLW]] taking the worst of the tsunami wave for the rest of her crew.   

The cautious among ye will await the drop o’ DXY below the $81.00 sea line.   At that point, I think even the Treasury Bane [[TBT]] will be boardable without fear of it becoming a Jonah.   Me three favourite golds, Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] and IAMGOLD Corporation (USA) [[IAG]] seem to be holding up in that order as well.

Hold hard mates, I see a calm horizon when this sqall be done.

______________________

Comments »

 
How you like DEM appers, Hans Brix??

_________________________

While the [[SPY]] and it’s brothers [[IWM]] and [[DIA]] continue to melt down this morning in a “Wiener Health Care Epiphany” paroxysm of joy, something odd is going on with my usually dour miners.

They are not doing the D-Wave downshuffle along with the greater market.   Usually [[HUI]] and its components, Goldcorp Inc. (USA) [[GG]] , Agnico-Eagle Mines Limited (USA) [[AEM]] , Yamana Gold Inc. (USA) [[AUY]] , Hecla Mining Company [[HL]] , Gold Fields Limited (ADR) [[GFI]] , Kinross Gold Corporation (USA) [[KGC]] and Newmont Mining Corporation [[NEM]] (among others) are getting bashed with the best of them in a dollar up ( [[UUP]]  is one metric) and market down environment.

Could it be that precious markets (and maybe the commodity markets in general) are sniffing out the gut-busting dollar explosion that will result in the fatal pillar of the Welfare State being added to our toxic soup should Obamacare gain some ground in today’s six hour tribute to Castro-style grand-standing?

I dunno, all I know is my babies — Silver Wheaton Corp. (USA) [[SLW]] , Eldorado Gold Corporation (USA) [[EGO]] , [[PAAS]] [[EXK]] , IAMGOLD Corporation (USA) [[IAG]] and Allied Nevada Gold Corp. [[ANV]] are showing some resiliancy here.   Could be that the Hueys are just oversold and resting up for a new sell off, but this action is not compelling me to give up my sammitch-eating marathon as instituted.  

Sure, [[DRR]] is probably a good bet here, as the Euro is a piece of dangling gypsy tchockes (sic) hanging off a sick old Romanian lady’s pleather purse right next to her Molotav-brand cigarette lighter.   But if you think a billion plus in new entitlement spending — let’s call it WienerCare if it passes — is going to strengthen the dollar in this new decade, I have some Jimmy Carter brand dental floss ready for delivery to you upon your immediate call.   Just pay shipping and handling.

Favourite (sic) pick o’ the day — Eldorado Gold Corporation (USA) [[EGO]] .

 _____________________

Comments »

Avast Ye Steam-punk Scalawags!
________________________________________

Looks like the bewigged and wedge-shoed scarlet coats of the Federal Admiralty have thrown down their first frilly gauntlet and taken a shot across our portside bow last evening with a cannon-load of “hot grape” called “quarter point discount rate increase,” in the less civilized quarters of New Orleans and other pirate dens.

Powdered pooftahs that they are, they are already begging our mercy come the morn as we swing our starboard cannon about to rake their pommy sides amid-ships.    Too late for them, and theirs, I’m afraid, as there’s gold in those Admiralty cargo holds and we mean to have it.

Let’s not get all a-sweat and a-lathered, me scurvy dogs.   The thesis has not changed and certainly the Fed is not going to take the “brave man’s step” of setting the Caribbean afire with rum-soaked English scrip whilst our Parliament (of Whores) continues to spend like grog-stupefied wainwrights on barrel-selling day.    No, maties, they seek to confound us with this Mary-move of callow authority.   No man can call his actions bold while pleading apology in the next breath!  

If anything, said grape-shot toss was mere subtrafuge to cover for additional scrip production in yonder Admiralty’s subterranean printing gaols!  What will occupy the Admiralty’s cargo holds for years — baser and baser scrip — will be what ensures our golden Treasures worth! 

So be not a-feared but rather emboldened by the tightness of Rear Admiral Bernanke’s wedgies, and the sagging of his pompadour.  Now is the time to press the hot cutlass to their throats and let roar with musket, grape and cannon.   The battle is near-won, me swabbies.   Let us not then quail at the size of the Admiralty’s frigates, but rather laugh at their frailty — they are made of paper, lads!

_______________________

This day I shall be indulging in all me favourites, but  most especially those in the silver Escudo doubloons, for the price of bonnie silver is racing back up even faster than that of gold.    To that end I shall be indulging in me favourite miners, Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , [[SVM]] , [[PAAS]] and maybe even the worm-bitten dogs [[CDE]] and Hecla Mining Company [[HL]] .   [[AGQ]] is only for the traders, but it may boom off of any pullback here.

Don’t forget me favourite golds either, which number three — Allied Nevada Gold Corp. [[ANV]] , Eldorado Gold Corporation (USA) [[EGO]] and Royal Gold, Inc. [[RGLD]] .   Some dogs that may be opportunities thanks to yesterday’s scare off  could be New Gold Inc. (USA) [[NGD]] , Exeter Resource Corp. [[XRA]] , NovaGold Resources Inc. (USA) [[NG]] and Northgate Minerals Corporation (USA) [[NXG]] , along with Rubicon Minerals Corp. (USA) [[RBY]] and even [[BAA]] .  Of course [[GDX]] is a great purchase if you want a catch all.

I also think the Ag side will continue to stay hot, so any weakness in Monsanto Company [[MON]] , The Andersons, Inc. [[ANDE]] , The Mosaic Company [[MOS]] , and Potash Corp./Saskatchewan (USA) [[POT]] should be seen as an opportunity.  I will likely have more to say on this front.   

Many of you may have seen I chose Cree, Inc. [[CREE]] as my March Madness pick (SLW is too volatile).   I like it and Veeco Instruments Inc. [[VECO]] as my two hottest tech names for the intermediate to long term (the only way I play).  

Best to you all, my hearties, and if anything today — WATCH SILVER — something seems to be “up.”

__________________________

Comments »

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

Wait for 1:43 for the transcendent beauty to begin.   Then go out and procure your child cello lessons.

_________________________________

Who’s sick of this damn winter already? I sure am.   Someone sold me a story about moving to the South some years ago, but I think I’m going to apply for a refund.  We had zero snow last year (sticking wise) and I bet we’ve had 25-30 inches this year.   And the cold!  The damnable cold!   I could almost handle the snow if it didn’t come with this extra serving of Canadian Clipper.  

Enough already! 

But that brings me to a super nova of my own making.  It’s called my portfolio, and you are welcome to bask in it’s awesome radiation.   The dollar (DXY) is down 17 cent to $80.16 (use [[UUP]] as your proxy here), and the price of gold (“POG”) is up well over $1,100 to $1,109.10.    If we get to $1,120 on the POG, we will be off to the races.

Mind you, I think we’re already off.   I’m already locked and loaded, and if you’ve been following this blog over the last three plus weeks, you’re likely ready as well.   If not, and you’re still looking for some last minute shopping, here again are my two favourites (sic)…

First the Gold Standard, Allied Nevada Gold Corp. [[ANV]] :

Note, I’m using the weekly’s here because these are long termers for me.  You can also see that the last two weeks has been giving us the signal in both names.  

My silver goddess has been and continues to be Silver Wheaton Corp. (USA) [[SLW]] .   This chart is even prettier than the previous:

It’s late so I’ll bid you adieu.   Here’s to a great week, and a great month in the PM’s.    These gems are just two of many that I believe will run in the next several weeks.  I also look for Royal Gold, Inc. [[RGLD]] , Eldorado Gold Corporation (USA) [[EGO]] and IAMGOLD Corporation (USA) [[IAG]] on the gold front, and [[EXK]] , [[SVM]] and [[PAAS]] on the silver.

Best to you all.

__________________________________________

Comments »