[youtube:http://www.youtube.com/watch?v=MLMnpB51vVM&feature=related 450 300]

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I may be half a world away, but  I’m still checking in on you chickies.  I know that the precious metal trade remains robusto, despite the dollar’s flirting with Euro-shagging here in the late late Sunday evening.   (Believe me it’s even later here).

Just so you know, I loaded up on AGQ, RGLD, NUGT, SLW, AG this past Friday for better or for worse.  Here’s what I’ve been looking at from an AGQ basis:

 

Note the long consolidation phase and the promise of a couple of weeks?   Heck, that week may even be here.

And the there’s another.  “Besotten Dick” we call him and up aways at the motor hotel we hear about the same preachers who try to smolder the ladies on Sunday morning only to poke out at the end.

His ticket of choice is IAG, a much disparaged gold stock that need to reside safely in American hands…. so as never to be dispatched by foreign antipaths again.  You may call this analysis but I call it mental telepathy.

Amazing how many of these things come out when the games are hot  no? Coincidental?  I think it might help put the nearest Jakesib in the looney bin should he act up..

Best to you all.

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[youtube:http://www.youtube.com/watch?v=pF-oWhD2itE 450 300]

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Please don’t let the dollar rip your guts out over the next couple of day, eh?  As I’ve mentioned I’ll be outta heah (ovah heah) for the next five days or so.   I should be able to log on with no trouble when I get to my destination, but I make no promised.  I’ve been through enough travel hell to know never to take anything for granted.

That said, I’m headed to such a civilized place that they spell it “civilised” out there, what? Carry on old bean, stiff upper lip, bite on a hard scone and all that.

The miners rebounded today nicely, but I’m not yet convinced we’re done with dollar turbulence.  That said I am hoovering, ever so patiently, and ever so slowly, on select lots of RGLD, BAA, SLW, EXK and AG, not to mention filling in the chinks with plenty of GDX, GDXJ and SIL.   If you don’t want to mess around with individual stocks, those three are your best bets for the mining sector.

I really believe the $HUI might revisit $560 again.  If it does, and we get the bounce I expect there, that’ll be your green light.  Best to you all, and I’ll try to check in again over the next few days.

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[youtube:http://www.youtube.com/watch?v=sEDw9xgSmSc 450 300]

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I’ve found a bipartisan effort I invite you all to get behind.  Yes, that was me, invoking the word “bi-partisan.”   Harken quickly and not so lightly, as this will surely be a rare occurence not often repeated.

What I’m talking about is Representative Jeff Flake’s idea to “Staple Green Cards to PhD diplomas” so as to make sure we don’t cede any of that freshly minted U.S.-educated talent back to the Third World and worse (in the case of the Red Chinese).   Even President 0’Bama has gotten behind the idea, despite his telling Steve Jobs that he couldn’t sever the Gordian Knot of immigration reform gumming up the Congress.

And why not, I ask you?  Post-secondary education is one of Americas remaining differentiating advantages, and smart children from the world around come here to take advantage of it.  Why shouldn’t we make it easier for those bright individuals to enhance our quality of life here, not to mention add to the employment ranks by creating new businesses and hiring even more people?  Did you know that half of Silicon Valley start-ups over the last two decades have been started by foreign born individuals?

Howabout this — we wouldn’t even have Steve Jobs were his Dad not here on a student visa.  Serendipitous, no?

Maybe we should take the cue?

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Well that dollar bounced severely today, and so did my Skiffles, which are my one remaining hedge.  They weren’t enough to make up for the blood on the ground from my newly minted mining additions, but I’m not even yet half invested, so I’ve got a lot of room and a lot of dry powder…

And a lot of patience.

I will be adding to my Skiffles tomorrow, however, if the dollar continues it’s climb.  Gold is holding up strong here, and so is silver, which bodes well for the miners.  If this were a real commodity sell off, silver would’ve been bludgeoned far worse today.   BAA is a quarter shorter than yesterday and I might add to my holdings there in the morning, as I really liked the way it looked like it was being accumulated at the end of the day.

If you want to play with more generic pieces, keep GDX (large cap gold), GDXJ (junior gold) and SIL (silver miners) in mind to play the ETF field.  For the more adventurous, like m’self, I also like NUGT on a pullback here as well as AGQ.  RGLD, last of all, is showing nice relative strength.

See you tomorrow, I hope.

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(This Car’s body and frame are made from Carbon)
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I know I’ve been waxing poetic about the bounties of raw commodity gold and silver plays, and gosh knows AGQ, MVG, AG, EXK and SLW all performed mightily today, as did ANV and IVN on the gold side (among many others).  However,  I would counsel you also that there’s a whole wide word out there from which to choose.   Make no mistake, the European crisis is not going to be over with the waving of a magic juju stick that makes every price legitimate and no bank under pressure for insolvency.  Call it what you might, but this bailout is simply kicking the can down the considerably strung out road by tossing more money at poor Greek monkey grinders who will only convert it to a lamp shade or a fancy brooch.

That means inflation.

That means all commodities will be in play.  Let’s have some fun, shall we?  Indulge me.   Old favorite (and Jacksonian) beat down TCK was roaring like a Bengal tiger caught in an escalator, up over 10%.   TC — the molybdenum favorite and also Jacksonian was up 7.25%, and even my favorite WNR was fully erect today, adding a cool 9.5%.

But here’s that long developing carbon play I threw at you some months back — CCC.  Remember that monthly chart?  The one that showed that neat consolidating triangle?   Well, faith and begorrah, that triangle is still intact and still consolidating (much like AUY in the recent past).   And given that there are two days left in October, we might even have the pleasure of an actual breakout of some significance here:

Two days for a paradigm shift possibility.  Is that too long to wait?   I wouldn’t.

PS — I have another favorite PM play that has a beautiful monthly chart as well.  Perhaps I’ll share tomorrow sometime if you are pleasant.

 

Best to you all.

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[youtube:http://www.youtube.com/watch?v=rI6-JzxV-_M&NR=1 450 300]

Plantation Boss Liberals’ Response Seems Less Than Pleased

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According to a new NBC/Wall Street Journal poll released tonight, Herman Cain now leads the GOP field with a 27% share of the vote, with Governor Mitt Romney pulling second at 23% , and helmet headed Rick Perry falling from 38% last month in the same poll to 16%  in this latest effort.

I would say that Perry turkey is cooked, and its time to move on to the only man with a computer science degree and an MBA in the field.   A man with a plan (no matter how flawed) to limit the claims of the federal government on the capitalist incentive system that made this country great.  A man who has worked his whole life — in every trade from digging ditches to running multimillion dollar revenue companies.

And maybe most important, Herman Cain is comfortable in his own skin — without having to repair to it as his designated aegis or truncheon.   What a refreshing concept!  Good luck Hermanator!

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And please, just stop with the Mitt Romney stuff already.  He’s the establishment candidate in the best traditions of other past fatted calf candidates, like Bob Dole and John McCain.  While I have great respect for Mitt’s operational background and vast business success, I cannot vote (in the primaries at least) for a guy who continues to back his moves in creating Romneycare, along with all the baggage attendant in that decision.

The voting public hungers for a conservative once again.   Herman Cain is thus far the only conservative candidate with the personality, wits and contacts to win the long race to the White House.

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I did get rid of the bulk of my QLD today, as reported in The PPT, but did little else.  I had a rather mammoth  order in all day for rare metal play QRM, but to no avail.  Luckily I already own a small horde of the name, but I was looking to add on a pullback today, to no avail.  I believe it ended up over 14% for the day.  I will continue my intense observations.

I continue to stalk select names in the rare earth (AVL)  and precious metal field (SLW, AG, EXK, RGLD, ANV),  even as this rally gets long in the tooth.  In the meantime I am also selling down some winners.  Not just QLD, but ARO and some other names that have gathered some moss.

Best to you all and to this blessed and still great country.  May she choose wisely.

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[youtube:http://www.youtube.com/watch?v=IA8QrOAghZ0 450 300]

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I started selling some of my QLD horde today, only to turn around and plow those winnings into more AG, SLW and EXK.

Why silver?  Mostly because the happy silver mining family was bludgeoned like a prize veal on the night before the St. Anthony Festival these last few weeks, and I like the reversion to the mean theory — no matter how temporary that reversion might be.

You know I started accumulating the PM ETF’s,  GDX, GDXJ and SIL last week in order to capture some of the rebound that I saw coming from that sector.  Well this week I will concentrate more on individual names like the above in silver and RGLD, AUY and ANV in the gold mining sector.  I might also dabble in those insane brothers XG and XRA.

Just to give you an example of what I’m seeing here, and why I think there’s still a lot of room in these PM names, here’s my markup of the EXK weekly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Note how last week the price bounced off the long term trend line only to leave that long tail in a hammer?  And note also how most of the stochastics are headed north once again?  I am seeing that in a lot of these names.   Again, it can all change on a dime in no time, and believe me, I will be ahead of you, elbowing you in the chin as I run for the exits if it does.   But right now, the dollar is on our side, and the momentum is coming back to these names.

Let’s have some fun while we wait for the deluge, shall we?

Best to you all.

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