[youtube:http://www.youtube.com/watch?v=PTUY16CkS-k 450 300]

I’m sorry, I’m a little Johnny Come Way Lately on This, but….

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This might be the funniest of these dual play cartoons that have come out yet…  Just the part about “The Ben Bernank (sic)” might be worth the whole six minute ordeal.

And then there is “THE Goldman Sachs.”    Just too much hilarity.

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“The head of the New York Branch (of the Fed) is… THE William Dudley…”

Shit, sorry, I’m laughing some more…

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Henceforth, I will be putting “the” in front of all nouns for greater comedic effect.

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Sorry, it looks like THE dollar is still attempting a relief rally after dropping like a stone for nine weeks starting the end of August and reaching all the way to the end of the first week of November.  I suspect that rally, now six days old, will not last out this week.

Why?

Because the Turkey Gods, all red and gold and orange, will come wattling this way next week, demanding their pound of quantitive easing and giblet stuffing for all concerned.   The fat man in the red hat and curly white beard is not long behind the Fat Feathered Gods (not to be confused with the Scat Covered Dogs of The New Oblivion), and they too will demand the dollar die as is slated in the Book of Deuteronomy, right after the admonition against lying down with false cat idols.

I started buying back, ever so stealthily, this last end-0f-week, and put away small amouts of GSS, EXK and SLW that I had dispose of in recent days.   I still have a lot on the menu there, and most appetizing at this point is IVN, which I will take down at any sign of weakness. 

Let us all remain alert in these coming weeks to the actions of the Great Feathered Gods, and of course, their minon, THE Ben Bernank (sic), who scrabbles along behind, with the giant Baster of Heaven, ready to pass gravy unto those who most deserve it… meaning us.

Best to you all.

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Don’t Look Now… it’s Silver Cher!
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Today’s downstroke rode the same tidal wave out that had been building up and cresting these past weeks and days.   Even I was surprised to see how much power that wave continued to exhibit all the way through this morning’s early peaks.

But you knew that momentum had to recede eventually, and SLW’s egregious heights over any semblance of “the mean” was as good an example as any:

EXK, our other junior silver darling, showed the same signs….

That should make for a nice entry… again.   And although the silvers were the drama queens today, even noble ANV looked to have a little bearish candle hung on it today.  Again, opportunity knocks:

And what, besides outsize momentum, caused these sharp rebounds today?  Of course it was your favourite fiat currency, the almighty U.S. dollar, rebounding out of a seeming death spiral in the low $76 region.  Know look at it:

This weekly chart gives the best perspective of all.   The dollar is obviously rebounding somewhat, but the downtrend is still very much in play.  In fact, I think the dollar will have a hard time getting past that 13-week EMA that’s been containing it for months, like a damsel in a tower.

I don’t believe that line will be crossed this time, either.   Look for a pullback from the high $78-$79 region.

My best to you all, trimmers.  Let the Cher be with you.

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[youtube:http://www.youtube.com/watch?v=WM1RChZk1EU 450 300]

The Greatest Hip Hop Video Of All Time… Do you Dispute it?

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And so appropos, no?   Can you dispute I got a million ways to get it?

Who holds the Jacksons, still?  Which of you?  

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I took some silver off today, specifically SLW, PAAS and EXK.  My positions in these were fecund and preposterous.  They were an insult to God, they’d grown to such metastisitic proportions.

So I reset on some.   But I keep all of my SVM, MVG, and SSRI, with an eye on adding again to all of them.

And even more so with the gold juniors.   Some have asked me, “what of IAG?” 

More of it here, good sir?

Yes, good sir, yes, yes.    And NG and IVN at any scant opportunity.   But above all, constantly feed RGLD. 

Outside these of the Precious, only MON, UPS and ANDE are attractive to me right now.  

Go on now, I’ve given you enough! 

Go!

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Come, lads, and feast at my table at long last.   Rest your weary bones in the comfort of my Great Hall–Silverhalla– for it is the hall built by the metal gods Au and Ag for heroes who have fought in the great shield wall of Hard Commoditus, that great preserver of Empires and succorer of innocent children and midwives.

Those who have taken up hauberk and helm, shield and scimitar against the armies of the Mad Kings — Inflatus and Deflatus — shall be rewarded this day with an eternity of riches and smooth mulled wines.   Those also who have fought against those fierce Kings’ Champion, Bern Yankee,  and his much feared Quantive Eeze Garrison, will be welcome in my Hall, here and in the hereafter.  

True, it is gold that brings the wenches, and gold that has sated the hearts of  many the currency coveter.  But those who hie to my banner (featuring St. ElTee of the Blessed Rood)  will receive a far more useful reward in the Hall of my Fathers– the Great Hall of Silverhalla, aye.

Those lucky few, those sceptered Islanders, shall receive the Holy Stock Picks of Antioch, and be able to then hurl brickbats of bullion at thy enemies and thereby “snuffe them, in His Mercy.   For now is no time to loose one’s bladder in the shield wall, and cower at the hard paper truncheons of the Que Eeze… no!   Now is the time to strike!  And strike again for the promised marshall glories!

The glories of Silverhalla!   (Puts Silver horn to lips, blows four sharp blasts in succession….)

Behold!

Behold anew!

…and  Behold the next Great Warrior Chieftan of Silverhalla! (Still a mere boy, really)–

Now forth!  Forth for glory, and slay thine enemies and revel in the lamentations of their accountants!

Skol!

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Outside the Fly’s Polling Place

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I am back at the command post at long last, situated in front of the multiple cathode-ray and flat panel screen monitors, in order to BRING YOU THE ELECTION 2010 MIDTERM RESULTS!

It is now a little past 6:00 PM Eastern Time, and the polls are closing all across the Eastern Seaboard.  Early results are beginning to trickle in, and I will update you as they are “called” or at least semi-tabulated.

I am not going to mince the verbiage with you tonight — if the GOP doesn’t secure at least 50+ seats in this House election, I will consider today’s polling a failure.   The same with regard to the Senate — I would require at least 8 seats in the Republican column to be “encouraged” for the road forward for this country in 2011-12.   I’m optimistic, but optimistic about gridlock for the next two years, for first this Congress should “do no harm” to our country.

We will finish the job, God willing, in 2012.

Breaking:  Just caught Nancy Pelosi –smiling like a woman who thinks fossil fuels are made from ground up trilobites she found in the river bed on her ranch property– saying that she thinks the “great turnout” they’ve gotten today will secure her Speakership for the next two years.

It was a fake smile, in case you were wondering.

Updates: So far nothing  much from other states, but in my area, we are already showing Rand Paul with 55% of the early vote, vs. opponent Jack Conway’s 44%.

In Indiana Dan Coates, who came out of retirement to vie for Evan Bayh’s retiring Democrat Senate seat, is up 59% to 40% for Brad Ellsworth, his Dem opponent.   Both of these are expected pickups for the GOP, so no surprises as of yet.

Stay tuned for more action!

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PS — Market wise, we Jacksonians kicked some butt today.  Amazingly, my SLW position had quintupled in size, all-in, since inception (the actual intitial buys are up over 10x).  My other picks in the PM sector continue to soar as the dollar rips lower.  I will continue to keep you informed as to my moves in that space, no worries.

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BREAKING!!   Fox News calls two Senatorial Races — with 4% of the vote reporting Fox calls the Kentucky and Indiana Senatorial Races for Rand Paul and Dan Coates, respectively.   That’s one “hold” (for Jim Bunning’s “R” seat in Kentucky) and one “win” (for Evan Bayh’s “D” seat in Indiana) for the GOP.  One pickup, seven to go…. developing!

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[youtube:http://www.youtube.com/watch?v=CwpdGyIY2fQ&feature=channel 450 300]

This is pretty incredible, especially considering it’s from CBS’s 60 Minutes…  Watch the whole thing if you can.  Sobering.

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Feel free to pay attention to all the goings on in this weekend’s G-20 Meeting in Seoul, South Korea.  It’s said they will “contain” this current race-to-the-bottom devaluing fest we’ve seemed to have ignited in order to keep our mortgage market afloat.

I have other ideas, however.

I will instead sacrifice a small goat in a special backyard Harvest Celebration in hopes the the Great Pumpkin will descend into my wife’s tomato gardens, and fix all of our U.S. currency iniquities without locking us up in a stockade in the Hague or sending us to plantations in Dominican Republic to hack tall cane for short beer.

I really believe this is the wiser strategy, and what’s more, it seems goats are running three for six dollars down at the Kroger this weekend.  That leaves two for milking as a bonus.

The dollar markets are already returning to form this evening, and they are down below $77, again, as I type this.   Here’s what’s got me scratching my ribcage like I’ve got a needle-sharp case of the Shingles:

The prospects for the plummeting dollar may change by tomorrow morning, but as for now, I’m planning on giving thanks to the Great Pumpkin (a god as powerful, some say, as the Turkey gods themselves!) and putting back on most of my precious risk trades….

And mooooooooaaahh!

And yes, that includes going back to AGQ, and adding to all of my silver hordes, including EXK, PAAS, EXK and maybe even some MVG.   I will also be adding IVN as mentioned, and more GSS, and RGLD if I can get it quickly enough.

Watch yourselves this week, folks, and watch that vid to get a taste of where we really are these days.   My best to you all, especially my friends in California.

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