“Buy Stocks, My Plebs!”
_______________________________
I ran into CH (that’s what I call her, “CH” — we’re buds) at the perfume counter at Bergdorf’s and she said “fugheddaboud the gold and the silver stocks for now, Jake, go out and get you some high beta stocks. Now, ged OUD dah heah!”

That vocal coach has done wonders with her Joisey accent, no?

CREE, VECO, SQM, POWR, TIE and, most of all, ENTR are all on my radar screen for tomorrow.

Slainte.

_____________________________________________________

Comments »

__________________________________________________________

[youtube:http://www.youtube.com/watch?v=dQtq4Z4t1yQ 450 300]

Coupled With an Egregious Loss of Dignity

__________________________________

SLW was up 25% this past August.  You’re welcome, any time. 

I expect we’ll see a bit of consolidation in the PM names into early September, perhaps even coincident with a pullback in TLT, our nemesis.

Then again with the action in ANV today, that might just not happen at all.  I hope, however, that it will, as I would like to add a bit more ANV before that behemoth continues to roll on.  Remember what I said about how powerful that stock was off a touch of the 200-day EMA?  That was back below $16 a share, less than six weeks ago, and today she hit $24.50 before backing off to a dollar lower than that. 

Now futures are raring up in a wholly unexpected September first blastoff.  I mean who could have thought all that low volume selling on Monday could have been big money positioning? 

Right? 

PM’s may rest here, but I’m thinking ANDE and SQM — two recent mentions, along with old Jacksonian friends TC and TCK, will offer plenty of fun-haus trading for those so inclined tomorrow.   Dollars to doughnuts, our friend earl starts launching again tomorrow.   I may partake in some eeeevil ERX as a result.

For the adventurous, it looks like CREE and VECO are ready to “POWR” up one more time.  Or you can go equally nuts with Triple Sec Russell play, TNA.

My best to you and your Boomer parents.   Well, kind of.

____________________

Comments »

 

______________________

Some of you get a tad nervous and that’s understandable. You haven’t been sailin’ the seas lo these last ten years with a chest of silver and a chest of gold amid-decks, watching the waves break over your port bow and the rigging whip up under many a Jamaica squall.

‘Tis a pity, as it’s rendered many of ye as feckless and gray-faced as a feral stoat during the slaughtering season when it comes to any down-draft in ye positions. 

If there’s one thing I could keep in your mind it’s that the PM”s are a volatile lot.   Like a powderkeg in a burning fireworks factory, ye shall be shaken about before ye’re borne to heaven.

But your time is not yet, and neither is it the hour for hand wringing.   There may very well be one last shake of the lamb’s tail before we ascend over again into the high surf and the sun scuppered seas.   I say “may” because with silver’s recent strength leading the prow, it’s just as likely we take off like a shot tomorrow, mimicking the dolphins of tech like CREE and VECO, the latter of which blew out it’s numbers tonight and should offer boundless booty to ye faithful who stuck with her.   As well, POWR should benefit from that triumph.

As usual, I think it’s the weekly charts that give the best perspective, and the weekly of $GOLD should be no exception.  Look here on the direction I think we should take in the coming month.  That short dip may very well be our last gasp at these levels, and if so, I’ve amasse some dry powder to partake in more ANV and SLW in the coming week.

My best to you all, as ye make yer way through the shoals of Uncertainty.

__________________________

Comments »

_________________________

Of my favourite (sic) PM positions there are quite a few that are “almost there,” for an optimal buy, according to my weekly (ie, “long term”) reviews.

And then there are two that I like for tomorrow. They are PAAS and ANV. I will look to add tomorrow morning. There are a couple that may need one more day (and it may not even be a full day) like SLW and EGO. If you can get RGLD below $43, you are one blessed by Fortune.

As for “rippers” that will be taking advantage of any continuing up move in the regular markets, CREE and VECO, the LED twins, are taking off again. I expect POWR will be not very far behind them.

Attendez!

_________________________________

Comments »

[youtube:http://www.youtube.com/watch?v=H9V5yUsrmdg&feature=related 450 300]

Sublime Beauty Clears the Head, No? ( And Dig Larry Kudlow on the Fife)

_______________________

On vacation and feeling only slightly more put off than usual by the usual cynical sniping on these fora.   I’d thought we’d put these AGW hand wringers to bed when their entire academic conspiracy was blown some six months ago at it’s corrupt heart in Merry Olde Englande.   But no, some control freak Big Gov’t types don’t even know to fold when their pair of deuces is called and found wanting.  

So be it, I won’t let the teeth-gnashers ruin this generally good mood I’ve been in, despite the real threats to our economy and freedom in these United (still) States.   For myself, I am going to continue banking on — and banking coin on — the ingenuity and innate elasticity of the American people, despite the embittered natterings of the “entitled” ignoranti who believe they are owed a living. 

But enough of that.   There are two stocks I believe are set to continue making outsize gains in the coming Bearcaploypse Now.   The first with which you are well familiar — the much discussed ENTR.  

It has not been taken the pounding so many did in this recent pullback, but you can see that it touched support last Thursday and now seems poised to finally break that $6.75 barrier.   Fly will get you ten this thing goes to $10.

The second near termer is the little brother to fast walkers CREE and VECO.    I think POWR has been consolidating nicely on this weekly chart while staying with it’s trend.   I like it to pop with any post – Fourth fireworks this week.   Look for new highs here, too:

You should use that trendline as your guide.  We very well could drop down to the mid $8’s here again, but I think that should present a nice opportunity.

On the precious front, I continue to love ANV and SLW here as the strongest launch contenders out of this pullback, but RGLD may be the cheapest value play of them all, this far below $50.   Your call, I love ’em all.

Be well, and take courage in knowing that even dumb left-leaning governments can learn, as the Ozzie’s foolish decision to tax their greatest exports and economic engine (their mining sector) was recently diluted by 25% (from 40% tax to 30%).   Only 75% more to go….  (eye roll)

Best to you all… I shall be checking in sporadically during the day, as my B’berry access will be limited this week.

__________________

Comments »

[youtube:http://www.youtube.com/watch?v=DgwJJ3pXvOw 450 300]

(Appropos of nothing, really)

_________________________

I don’t even know why I attempt to suggest other varietals.   Is it the desire to be au courant?  The obligation to entertain?  Devil-may-care hair in the wind type stuff?

I don’t know, but really… it’s just plain silly.  There’s a single bull market at play here, and this is what we are about.   I had a bunch of positions take egregious losses today, most notably those in the “hot but not” LED space, like CREE and (worse) VECO.    POWR hung tight, but I can’t imagine that nasty Friday WSJ article will leave it be, either. 

I even took a small bit of VECO off today, in the mid-33’s, because I figured it would be a while until I saw that position back in the drivers seat.    No matter, as I bought more AGQ with the proceeds and promptly saw it rise a buck and a half (to $60 a share).  Is there anything more exciting than having one’s steed cut down from underneath one in the midst of pitched battle, only to find a stronger charger at the ready?

That is why I was not down today, despite egregiousity in the above names and even some other hard metals like TC and TCK.  It was all due to the gorgeous strength of our gold and silver portfolio.    I speak primarily of the silver miners, including SLW, PAAS, EXK, SVM, MVG, CDE, SSRI and HL.   But the gold’s included prized champions like RGLD, ANV, EGO and IAG, who were stalwarts too.   

Note how the $HUI index held up today on the weekly:

Am I wearing cats’ pajamas or is that thing looking like it wants $520?   You tell me.

Then there’s one of my favourites, ANV.   She’s just been a trooper since we picked it up just under $6 last year, and is seeming to have no trouble moving on three times that size.  Note that strong weekly consolidation?

 

And the daily looks just as promising, after a decent pullback:

Another promising pick, and one I should leave alone and go macrame a duvet, or something “crafty” like that.  God knows I’m only dangerous going outside my “comfort zone” in the PM world, and He surely sent me a signal today.

May be time to re-assess and de-stress.   Real money is coming back into vogue once again.

__________________________

Comments »