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There’s something symmetric about this year’s number “2012” isn’t there?  February 2nd, 12th, 20th and 22nd and December 2nd, 12th, 20th, and 22nd are going to be kind of cool for numbers geeks looking for auspicious dates upon which to get married or receive ass tattoos, perhaps.   Maybe the Mayans will come through with a nice atmosphere sucking asteroid strike on one of those days as well?   That would be special, no?

Anyway, without much further ado, I will set forth some of my predictions for the next 365 days, should we get all of them…

• The Giants will luck their way into the playoffs thanks to the incompetence of the 2011 NFC East, and because God wants to punish the Ryan Brothers.  They will lose in the first round to the far more deserving Atlanta Flackons (sic).
• Jerry Jones will publicly admonish, but keep his Ginger Head Coach, Jason Garrett.
• Rick Santorum will come in second to Mitt Romney in the Iowa Caucuses, and then gain enough momentum to place a distant second to Romney in New Hampshire.
• Santorum wins in a tight race in South Carolina, prompting Romney to offer him the Veep slot two months prior to the convention in order to lock down the wary evangelical vote.
• Tim Pawlenty’s head explodes simultaneous with Pat Robertson’s.  Pawlenty for “woulda shoulda coulda”  because he dropped out too early,  and Robertson upon realizing the GOP is running a Mormon-Catholic ticket.
• The New Orleans Saints win the Superbowl over the New England Patriots in Indianapolis.
• Indianapolis (Colts) take Andrew Luck with the first round pick and keep Peyton Manning… for now.
• The U.S. dollar peaks at $81.50 on the DX-Y Index, and proceeds to break down below the April ’08 lows (sub- $72.00) by September.
• Gold breaks $2,000.00 by April, followed by Silver breaking its old highs in May.
• With the drop in the dollar, and the prospect of the end of the Obama Error, the market goes dipschit, peaking at 14,000 in the Dow and 1700 on the S&P before everyone realizes we’re running on fumes, and we sell off after the 2012 elections.
• The 2012 Presidential Election if one of the nastiest on record.  Obama drops his class warfare rhetoric as a losing strategy and takes on the First Victim status.  David Axelrod wheels out mystery women on Mitt Romney and the Veep candidate (presumably, Santorum).
• Sarah Palin is a lighting rod, playing the black hat for the GOP, pointing out every government takeover and socialist move passed over the last five years (including the last two years of the Bush Administration).  Obamacare will become a millstone on the President’s neck as more unintended consequences arise, and the forced coverage purchase laws are declared un-Constitutional.
• The Euro stays a viable currency, but Greece, Spain and Portugal drop out of the union.   Italy’s and Ireland’s banking system are saved by British and German investors and stays in the European Union with new manacles.
• President Obama becomes increasingly disassociated with his re-election and by the time he loses to Romney in November, he will have convinced himself — and his true believers — that he will be a more effective member of the Democrat party out of office.

• Romney’s acceptance speech will be affable and conciliatory, hoping to mend the divisiveness of the past six years.  Neither the Tea Party nor the Hard Left will be very happy about the results
• Besides UPS, my best picks of the year will be COP, MON, AG, RGLD, DE and PBR.

And now, the kickoff!   Happy New Year and Geauuuuux Giants!

 

 

 

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[youtube:http://www.youtube.com/watch?v=34ag4nkSh7Q&NR=1 450 300]

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I had a Sargent Schulz moment this morning and, as a result, ended up selling “nossing.”

As you may recall, we opened kind of weak in the miners, and I decided to hold off til my usual 10-11 am period to dispose of some stocks.   But we began rallying shortly after the open and it looked like gold was trying to hang in there.  Generally, I would not recommend this line of indecision and I would enjoin you, rather,  to “follow your plan” at all times.

Sometime, however, my “gut” tells me that I should stay my hand.  Often times allowing for a little patience, and “not trading” instead of pro-actively trading, I’ve saved myself considerable heartache and regret.

That doesn’t mean I won’t be selling tomorrow, however, even as the dollar drop today tells me it will be difficult for gold and silver to break down any time soon.  What I may be doing instead is selling a portion of some of my fatter gold plays (and maybe some silver if we discontinue our current rebound) and investing in some “fast actin’ Tinactin” recovery stocks, like EEM, QLD, TNA and perhaps even some ERX (sorry Cain!).

I would be loathe to abandon the recovering baser metal plays as well in this snap-back, so I will be inspecting TC, TCK, TIE and even some AVL tomorrow.  Last, take a look at two good beat-downs for some fast flash action — CREE and PBR .  These are two of my old favourites which have fallen considerably OUT of favor.   They may be worth a spin of the wheel.

Best to you all.

 

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

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We’re getting into the gambling season, boys and girls.  Not just the annual March Madness, which is pure nirvana for we college hoop fans, but we’re also starting to talk Derby Prep racing, and even some golf course skins.

What better time, then to start pushing “all in” while everyone else is scurrying under rocks and diving for cover?  Listen, I have friends in Japan, people I went to school with, so I don’t mean to disregard this great tragedy, or diminish it’s human impact.  But if you think the market is turning because of Japan, or becase of Wacky Quadaffi, or for any other exogenous reason, you need to start thinking about a good index fund, and maybe concentrating on your brackets.

Listen close, as this may be one of the last few times you’re blessed with the benefit of my counsel.   You have very little time left to get your portfolio right, and I’m a very busy, busy man.   You’ve been running around, like a man in a wifebeater tee shirt with an insane clown posse tatto on your right shoulder, and you’ve been buying “the hot thing,”  “the sexy thing,” and let’s face it, “the easy thing.”  This game is not meant to be easy.  It’s meant to be a bare nekkid, blind folded race through a maze full of knee-high bear traps snapping away at your bag.

It’s time to stop screwing around.  This market is very close to getting that last bit of string pushed out, and you are better off closing out all your positions and going to cash like Scottie than continuing to chase every fleeting fancy sparkler in these latter waning days.

Needless to say, I’m not going to cash, though I did raise some today.  How?  By selling out the remainder of my non-PM, non-core plays.   I made the exception by keeping a little bit of hedged MON and UPS, but everything else that does not glitter or end up in the tank of my car is now gone.   And even my earl plays are very minimal.  I’ve got a little bit of ERX and a little bit of PBR and a smidgeon remaining of OXY.   Everything else — gone.

I will likely take some of that cash and use it for some additional leverage, probably for in-the-money calls on GDX, GDXJ and SLW.   These are more liquid PM option plays, and I don’t plan to be in them very long, but I will know when to climb into them.  It will be when the hammer below breaks through the glass flooring that has become so brittle… so brittle:

Print this page out, tape it to the top of your moniter, and refer to it frequently whenever you get the urge to purchase something frivolously. 

My best to you all, really.

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This is good…

[youtube:http://www.youtube.com/watch?v=4wty7974IKg&feature=related 450 300]

This might be even better….

[youtube:http://www.youtube.com/watch?v=b8XVMU5obkc&feature=related 450 300]

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C’mon California!  The Giants have done the hard part and dispatched the Crackboys for you.   This leaves the NFL safe for Niner and Charger domination.   Who knows?  Even the Raiduhs are showing signs of life…

Now all you have to do is get rid of Barbara Boxer and reclaim one of the greatest states in the Union.

I know you can do it.  God speed.

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If you were on The PPT today, you saw that I added a tonne of metal back to my portfolio.   AGQ, EXK, GSS, IVN, RGLD, and even FRG were all added at favorable prices.

I also got rid of the last of my hedges at a slight profit. 

Last, I added to my PBR, my favorite long term earl play.   Yes it’s Brazilian, and someday it will be worth a Brazilian bucks to my family.

That is all.   Keep watching that dollar.   My best to you, especially those people in Kelly-Phonia, who can once again give direction to the U.S. with the right move here.

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[youtube:http://www.youtube.com/watch?v=YzRCdKbtBYo&feature=more_related 450 300]

The Good Doctor

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Looks like the dollar is finally bouncing here, after a couple of weeks of straight hind-mammary sucking.  This will probably also give the market that respite for which you’ve been searching these past crazy weeks.  

As you know I use few lodestones to guide my way here, and a major guide for me is the U.S. dollar, as we’ve discussed.   It’s rare you’ll see the dollar rise and the markets ascend along with it in a weak economic environment like the one we’re experiencing right now.    More likely, any uptick you are seeing in the stock market is a panic move by investors seeking somewhere to hedge them against eroding value of the greenback.  Consequently, a dollar upsurge ought to dampen that enthusiasm.

Take this week to take something off the top, and perhaps look for some bargains– preferably in the precious metal or emerging market sphere.   I’d say ag too, but it’s unclear whether ag will cool down in this “corn prices as high as an elephants eye” environment.  

The Trannies are another “tell” for me, as I like to think I keep an eye on the Dow Theory tells as well.   Let’s be straight up — the Trannies have been performing well this year, and that’s one reason I’ve remained obstinately bullish even through the dire predictions of late summer.  

But even the Transports will have to rest off this strong recent move, and what better place than here at the April highs?   You can see the mini-cup formation as it’s shaping up right now on the weekly:

As you can see, Signor Fibonacci  still smiles on our Transports, and this pullback will likely not take us anywhere below the 61.8% golden ratio limit.  In fact, you can see that despite the slightly overbought RSA and the turning slow stochastics, the Transports are still under heavy accumulation here.

So take a week, fly a kite, stuff a turkey (for practice), make your pet goat a lobster costume for Halloween… whatever.   This may be a week to be out of the market.  

In the meantime, I will be looking at some Pabst Blue Ribbon (PBR) for apres the bull back.   I love me that Bra-zillion Earl, with its Bra-zillion barrels stored safely below the South Atlantic Sea.  

No worries, I shall have other suggestions as well.   For now, you might consider a spin in the FAZ-mobile.   And consider the source… it’s been a long time since I’ve shorted banks, but this week may be the time…

Best to you all.

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“Opiate Dreams” 

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Don’t bother listening to any of the bullshit on Bubblevision, or even stuff you read on the latest financial blah blahg.  Unless it’s The PPT, you are wasting your time.

  Rather, you should concentrate on foreign commodity names with strong earnings paths, because the crap dollar is what’s making this thing work right now, and that will be true right through late October, early November.

You may remember, we have an election coming up?

Here’s the deal on the dollar.  It’s hugely oversold right now and very ripe for a bounce.  I think it gets all the way to $85 and maybe more before collapsing again.  Here’s the projection:

If you are in gold and silver, gird your loins.  We could see as low as mid $1100’s on the gold front, as a result of the dollar’s return to $85.   “Que sera,” I says.  “Suck it up,” I says.   We’ve been down this road before and we certainly know it’s ultimate end.   (That’s “up” for you noobs). 

In the meantime, buy some PBR, or some CEDC on any pullbacks– you can’t go wrong betting on Brazilian oil or Polish folks taking to the bottle.  Both are top “furrin picks,” on top of my PM hordes.  Go get ’em.

On the PM horde front, and with regard to a dollar bounce, I may sell some calls.  I will certainly let you know.   Right now, I am sitting, eating samiches, counting coin.

And drinking fine wine and eggsellent ales, of course.   I am still on vacation, after all.

Best to you. 

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