Avast Ye Steam-punk Scalawags!
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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!
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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.”
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