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The Louisville Cards went down to the infamous Junior NBA Team on Saturday evening and I have only recently discarded my widow’s weeds of mourning.  I have not neglected you, however, as my heart and my long term picks remain with you, even when my corporeal presence is otherwise occupied.

As for today, it seems the U.S. dollar is doing it’s usual plungerooni below $79 again.  When it breaks $79.60 with vigour (sic), please call me.  Until then I will be eyes forward on all of my “X” play metal picks.   Of particular interest are the siblings XRA and it’s offshoot XG (or is it the other way ’round? No matter).    XRA is currenlty up 5.5% at $2.89, and XG is up over 3.6% at $6.26.

My other X-play is on the silver side — EXK, my old favorite, up 3.8% at $9.86 this day.    For lotto type picks, I continue to recommend the accumulation of BAA and AAU, both also up today to varying degrees.  

Last but not least, let’s not forget the rare earths.  I know they are frustrating, but you will kick yourself if they take off without you.  Besides MCP and REE (the more grandfatherly of the bunch), I continue to nibble on AVL and QRM.   As always, remain cautious.  Any rebound in the dollar will negate all this good stuff, and signal us to lighten our loads.

Best to you all.

 

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

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While I wait on the precious metal markets to resolve themselves, I’m subsisting on a diet of heavy metals and pure refined sugar.  If I taper off in my blogging in the coming days it’s likely because I’ve transformed into a Brundel Fly.

As mentioned, AVL , REE, MCP have been moving nicely (although tapering off a bit at the end of the day), while the PM miners tread water trying to catch a bid from the falling Uncle Buck.   I did note that BAA finished back above $5.00 again.

Nope, the only thing that really stood out today in the areas I’m looking at was a refiner… and no, not the petroleum and kerosene variety, but the lonely sweet variety, sugar shack shifter Imperial Sugar — IPSU.

There have been all kinds of articles about sugar being the commodity of 2012, and I take them all with a grain of salt (no pun intended).  I do, however, like a decent looking chart when I see one, and this one promises at least some continuation on today’s high volume, high percentage move.   Just like the last time we got a high volume candle, I think we’ll get at least two more days out of this, which could very well bring us to our next resistance, at the underside of the 200-day EMA, or appoximately $7.60.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For those checking the math, that’ approximately 34% over today’s close.  Do you feel lucky?

Well?  do ya, punks?

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[youtube:http://www.youtube.com/watch?v=T5qc3qZqe38 450 300]

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I’ve been lying low, deep within the underground catacombs of my hardened cee-ment (sic) bunker, waiting for the air to change before speaking with you again.    Last week the dollar was on the edge of a knife, and it looked like it was poised to strike a blow against my precious metal position that even I, in my well-defended fortress– Haz-mat suited and full-fetal positioned– would find difficult to withstand. 

But this morning, after a 36-hour narco-nap, I decided to “up-periscope,” fully expecting to witness scenes of post-apocalyptic societal dissolution.  Instead, I found these guys scurrying about, handing out large wads of $100 dollar bills for 500 yuan a piece.

Is it possible we are just enduring one last head fake before the dollar re-asserts itself and makes mince-meat pies out of all my lovely precious metal and rare-earth positions?   It’s certainly possible.

But for now, I will revel in the respite, as Stealth-Bernank and the Chinese work out their differences and my “tell-tale” stocks  — UPS, FCX and the rare-earths (REE, MCP, AVL, QRM) move nicely here.  

If you prefer gambling to regular, gentlemen’s club smoking room type investing (UPS, COP, CMI, MON, etc), then there are two current seat-of-their-pants plays I’m watching right now —  sugar high confectionary profits in IPSU and a little-bit-nutty, a little-bit-slutty rare earth play AVL. 

I also like SSRI, here, mostly for the pricetag on its silver.

God bless, and I hope to be with you more often this week.

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It’s not surprising that when gold and silver and the rare earth metals begin to take off, the other commodities begin to show perky life as well. “b

In one case, the “black gold” coal commodity play is beginning to take off again.   Consequently, I’m going to reintroduce a rocket that failed on me recently, but which I am willing to give another try given it’s action the last couple of days.  That rocket is the mercurial  PCX (Patriot Coal):

Who says I don’t like to pick the Patriots?  Heh.

Next I’m going to look at another old gold favourite NGD which has finally broken out (two weeks ago now) and is looking to at least equal old time highs:

 

Those more recent highs are at $14.  I think we consolidate there and get ready to dig clams immediately upon resumption of the up move.

My last chart should be familiar as I posted it just the other day.  It appears my call on REE at the $6.05 pullback was a correuct one  and now REE has broken resistance after a short consolidation.

 

Not quite sure how far this one will launch this late in the cycle, but I think that all the rare earth metals will continue to rally.  REE is one of your stronger plays in this space.

My best to you all, and good night.  I’m feeling zombie-tired and I need to store energy for the SuperBowl.

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Rare earth metals became even rarer today, as three of our major home slices of pizza, AVL, QRM and even benighted REE, the “grandfather of them all,” roared ahead like they were not just rare, but steak tartare- level impossible to find.

I think all of them have room to go, but I like AVL as the immediate purchase, with REE and QRM following perhaps by the end of the week.  Here’s my take on AVL:

As you can see, that first resistance level has been suborned, so even if you purchase tomorrow, that $3.o7 level should stand firm as a base going forward.

My second favorite is REE, which had a monstrous move today that dwarfed all of its rare earth compadres.  Check out this daily:

 

 

Note also, however, that we are coming up against all kinds of resistance here, and the stochastics are egregiously vertical.  That spells “pullback” for me, at least for the near term.  This is one that last week I was posting in The PPT as a buy at $6.05,  so be ready for another blastoff soon after this.

My last look is at QRM, which I’ve mentioned here before and which also had a nice move today.

 

As I mentioned earlier, this one is not as attractive as it butted up against resistance but did not break through.  I think that means we probably consolidate, but that volume spike also generally indicates we are going further north.

Best to you all, and remember to watch this sector along with metals more precious..

 

 

 

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Calling in from the road again with my apologies.  I just looked at the market for the first time today (aside from the occassional blackberry glance) and I note that my rare-earth picks seem to be coming alive like a solar juice stock on cocaine steroids.

The big winner of the day was Quest Rare Minerals — QRM— and my old chart still holds true here.   The stock increased over 25% today on huge volume (over 5x average daily volume) on news of some rich drilling successes.  Note how this big move ran almost exactly to the consolidation zone that I had laid out some months back.

I expect we’ll see this stock consolidate like AVL did the other day.  AVL was up large today as well (although only 7%+) and is also knocking back at the consolidation level we noted the other day.   These are good times to accumulate on pull backs, folks.  This volume means something here.  Others to keep an eye on are MCP, REE and GDLNF.

I note other bloggers on this site have been picking up on some of my stocks in the PM sector, and I appreciate that helping hand.

I will try to check in tomorrow… again from the road, if I can find a wi-fi connection somewhere in this jumble of tubes and molten metal.

Best to you all.

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Hat tip to Ecchy:

[youtube:https://www.youtube.com/watch?v=QZsppOw2Mxk 450 300]

 

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