_____________________________
Amazing how quickly everyone is willing to attest to the death of the king, no?  You would think that after ten years now, some would be willing to give this bull the benefit of the doubt.   Instead, we’ve got closet morticians coming out of the woodwork and stretching their yellow tape measures in anticipation of parsing out a pine coffin.

I say, “not so fast, dealers in embalming juice.”  Who gave you leave to drag out these corpses, anyway?   A quick once-over with the infrared scope will tell you they are merely sleeping.  What’s more, a more practiced eye will tell you when to climb back on their dorsal fins and flukes, ready to ride the great beasts to glory.   And yes, I have some suggestions…

The first–XG — may be ready right now.   By the bright scimitar of Kirby Puckett, it is my #1 pick a the moment, despite Jeremy and Fly’s steady refusal to feature it in The PPT.  No matter, just look at the fight in this young monster:

As you may note, that recovery candle could very well signify that XG is back and off to the races.  My next two are not yet as ready, but in my mind offer some very appetizing entry possibilities in coming days.   As they are crowd favourites (sic), you should feel favoured (sic):

Here is a stock– AG —  that was trading over $27 in the most remarkable bull of the 21st century.   And you might be able to get it at almost a 30% discount?  Remember to give alms if you are so favoured, sir.

Last, is our lovely grandmama, RGLD, which may allow us entry into her cookie pantry at a most opportune price.  Be on your best behaviour (sic) and she may deliver you a choice Tollhouse, or three:

Consider these next few days a rolling Christmas Eve for gimlet-eyed adults.   Just remember to stay off the rum toddies so you’re not caught nodding.

Best to you all.

________________________________

Comments »

[youtube:http://www.youtube.com/watch?v=Fo48YpNOesQ&feature=related 450 300] _______________________________

Ugh.  I cannot bloody believe it.  I just had a perfectly wrought lengthy post with graphics and witticisms galore… I pressed “Publish” and “voila!” I got the screen of zero tranquility.   Apparently my entire post was wiped save for the foolish youtube video I’d downloaded earlier and “saved” to make sure it was showing up.

These are the petty frustrations of the financial blogger my friends and they are enough to drive one mad with righteous anger.   So forget about the witticisms and the re-boot of my day of travel.  Just know that I believe silver is becoming dangerously overvalued here at 52% over its 200-day EMA, while gold stays strong but humble at only 11.4% over it’s same metric.

I didn’t sell anything more today because I was either driving or talking or talking and driving the entire trading session.  Had I seen these things, I would’ve dumped more silver miners.   I’ll probably do that tomorrow.   In the meantime, two friends have shown progress.   The first we spoke about mere days ago.  

Look what XG has done since:

The second is our beloved Grandmama… asleep these many months, but waking now to a new day.  Just as I predicted AGQ would rise to $300 this year, so too did I prophesy that RGLD would reach $100.   I think today was a significant step toward that goal.   Grab it on the retrace:

Note, this is a weekly chart and that’s one big grandmother of a consolidation…

I also like RBY here… stay well, my friends.

____________________________

Comments »

[youtube:http://www.youtube.com/watch?v=CEEUGaQTTQ0&feature=related 450 300]

(Can you believe this guy once married the most beautiful woman in the world?)

_________________________________

It’s an unsettling time isn’t it?  Jake just said to you scant days ago, “Time to trim the sails, we’re in for some rough weather,” and yet silver keeps marching up to some argent Elysium, like a donkey with an egregious rutabaga tied to its head.

It can be frustrating, no?  Well, don’t take it hard.  Heck,  I sold almost 2,000 shares of AGQ the other day thinking I’d buy back in the low 200’s.  Silly me.

But I don’t let stuff like that get me down.  As I was explaining to a compatriot on The PPT today, we shouldn’t be afraid to hop right back on, even at a higher price, as long as we maintain the discipline to re-invest the same or smaller moneys that we originally received in exchange for our sold shares.  

This is important to remember.   Just like in the wider stock market, there are plenty of other shiny metal fish in the seas, and we need to build the maturity to be able to re-allocate resources to other, perhaps better valued opportunities.  A good example I can provide would be my decision, some time ago, to sell some SLW and apply those funds to a new stock I’d decided reminded me of old SLW at the $3 level at which I had originally begun buying it.

That stock, some of you may recall, was EXK.  

Today the cycle turns again, and I find myself selling off some (about 30%) of my “topped off” position in EXK in the $12+ regions.   Those on The PPT will attest that I took a full 10,000 shares off last week.

I have yet to buy any back, and I may never do so.   My eye has turned to other seeds that may enrich my garden plot.  Perhaps some GPL?  Some AG?  A touch of AUMN, or crappy BAA?

… or maybe, just maybe some more XG, my favorite spinoff junior goldie, which is beginning to look might ripe:

Stay thirsty, my friends.

______________________________________

Comments »

… No?

______________________________

What’s the matter? You don’t like gut-scissoring roller-coaster rides with your daily portfolio analysis?

C’mon, Mr. Pushups, suck it up.   Take one for the team, bear down.  Raise greasy lettuce for samitches.

Did you sell anything today?   I did, but not a whole lot.   My biggest move today was gettting rid of about half of my AGQ earlier today at prices north of $261.   It’s a deleveraging play, much like getting rid of my call options the other day.  I also sold 40% of my PAAS at prices well north of $41.60

 I didn’t sell any more EXK (I’d already dropped 10k shares last week), even though it did the “Egregious St. Vitas Dance” today.   It’s interesting to note my warning post of last week here.  Recall this?

Remember that green line I drew up there when I was cautioning you to let a little go last week?  Well, here’s that same chart today…

Uncanny, no?  

Will it hold?  I’m not sure, and we must remember these momentum burners tend to have the harshest pullbacks.   That said, I still like EXK on a further pullback, as well as SLW if you are lucky.   On the young gold side, AAU, NGD and yes, EGO are already starting to look tasty.   ANV is not far behind, and keep in mind also “dark horse” and relatively recently introduced XG.   If it continues to move  like this I will do a feature on it soon.  

Keep in mind these things can get oversold in two days… it’s just that volatile.   So be ready with your trenchers full of soapy cabbage for opportunities that will be knocking sooner than you might believe.

Best to you all.

____________________

Comments »