[youtube:http://www.youtube.com/watch?v=xm6PGh2fvTg 450 300]

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Listen to me very quietly and carefully — You need to be on your toes at all time and keep a cool head like Jimmy Dean in a meat locker because half of what’s going on is designed to scare you into a blue paralysis that will render you immobile, and thus, malleable.

The market thinks you’re putty, see?  That’s why we’ve got guys begging off, folding their tent, going to cash, putting that roll in a coffee can and burying it on the back 40, right next to the bomb shelter packed with MRE’s.  They say “no mas!”

I say “oversold.”   I say that some of the wilier tells in the mining industry — like ANV and CDE, NG, MVG, BRD, and yes, even beaten down old XRA all jumped ahead 3.5 to 6.5% today.   What’s more, they all stayed up even after the selloff in the precious metals themselves (gold and silver) later in the day.

This is my signal to hold fast and watch the market closely.   I still think this debt deal quails the dollar, either by lack of confidence in the foreign markets or by dint of Bernanke printing press (Jackson Hole Conference right around the corner).

So I’ll continue to bide my time here, beer and NUGT‘s  in hand, and wait and see what spooky stories the market brings us tomorrow…

All the best to you, my fearless ones.

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[youtube:http://www.youtube.com/watch?v=78CM3oItu1U 450 300]

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This bear ain’t over yet.   It’s in hibernation still, even here in late May.

here in early spring-summer.  One secular bull is still wide awake, however…

The [[XRA]] chart is an example of what some of the recovering juniors have been doing.  Check it:

I think this is only prelude.  The money machines are flowing.   Attend.

Good evening, all.

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From Your Biggest Fan!
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Bon soir, mon ami, et Bon Anniversaire! I hope this evening finds you croque’d to the gills on your favourite Bordeaux or Gamay Beaujolais, if you will.

For my part, I intend to eat multiple sandwiches tomorrow in your honour (sic), as it seems like we may have to withstand another drawdown if this afternoon’s last minute plummet and tonight’s weak futures review hold course.

On the good news front, [[GLD]] and [[SLV]] hung on and look to be bouncing with more relative strength than the rest of the market. Some previously beaten down junior minors looked like heroe as well, including [[XRA]], [[GSS]], [[NGD]], [[FRG]] and my favourite, [[ANV]].   Note how ANV kept that uptrend intact on the weekly:

THe daily is less pretty, but still hanging in there:

Keep your eye on the quality, and on that weekly chart.  If we break that line, we will likely see further consolidation.  Right now, both gold and silver are higher even as stock futures look weak.   At some point we will likely see complete separation in trading behaviour.

Best to you all, mes amis.

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In the later stages of these “C-level” cyclical bull runs (unfurling within a secular bull run), it often starts to get giddy-gigglyfun, especially with the junior miners, who all begin to pop audibly, like champagne corks, as the end of a run draws near.

Who doesn’t like 8, 9, 10, 11 heck, even 12% moves in one day?  Like [[BAA]] today — who’d have thunk it’d raise from the dead after so many weeks of dormancy?  I mean, besides me?

That’s not quite right… I didn’t know it would take off today, only that it would within the confines of this cyclical bull run.  That’s why I own 20k shares of this and have owned other small miners ( Golden Star Resources Ltd. (USA) [[GSS]] come to mind) in the past.   They are, in essence, unexpiring options at these prices.  

Here’s [[BAA]] on the weekly chart, finally getting some air off the broken downtrend line:

As you can see there’s a lot of room to grow there.  

And here’s Exeter Resource Corp. [[XRA]] which recently spun off a $3 stock [[EXGMA]] , which you’d have to add to it’s current $8 stock price (we bot the consolidated company in the low sixes, remember?).  Weekly:

Despite this junior giving birth to another junior, she seems no worse for wear, and in fact, stronger than ever.

   Keep an eye on these names and others from the small cap portolio (Rubicon Minerals Corp. (USA) [[RBY]] , Golden Star Resources Ltd. (USA) [[GSS]] , [[EXK]] ,  etc.)  as I have a strong suspicion they will continue to break out to our unending joy and to our enemies great chagrin, for a good piece going forward.

Stay vigilant,  and watch [[UUP]] for clues to the immediate future.

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[youtube:http://www.youtube.com/watch?v=yv0MEMyot3A 450 300]

Hercules with Lasers… Go with it!

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It’s time to dumb it down.   Way down.

I am preparing myself for this coming weeks’ action by watching the classic Golan and Globus production “Lou Ferrigno’s Hercules.”   Watching this veritable feast of the cinema has –conservatively speaking — knocked out twice as many of my brain cells as would an all weekend black out date with Johnny Walker Red.  What’s more, there’s no hangover involved… just a rough couple of days of re-remembering my children’s names.

Which is all great preparation for what this market is likely to do should the dollar plummet down the nearest ravine, which I think it should do as soon as this bit of Grecian mess is resolved.  I believe that shall happen … shortly, as the Euro is already firming against the Swiss franc (which is actually made of cheese).  Soon it’s going to be hell for the Euro-bears, and Heaven Hill for we dollar bears. 

Here’s how I see the dollar resolving.  I think Friday’s failure to reach the recent highs and attendant turnover in most stochs is significant:

Not surprising, as we’ve expected the dollar to resume it’s downward drift, and now it appears that with housing numbers up, we have another excuse to expect inflation. 

Besides some of the recent gems I’ve spoken about, like The St. Joe Company [[JOE]] the land whore and the platinum twins [[PAL]] and Stillwater Mining Company [[SWC]] , I think I shall add to my Thompson Creek Metals Company, Inc. [[TC]] , my Cree, Inc. [[CREE]] (on a pullback to $76) and my Veeco Instruments Inc. [[VECO]] at market. 

I also like what [[MVG]] has done to her hair, and will add to Exeter Resource Corp. [[XRA]] the gold spinner too.  Last, two smaller juniors that I believe I will be adding here are Golden Star Resources Ltd. (USA) [[GSS]] and [[BAA]] .  

If I could only purchase one thing this week, however, it would likely be my “baby” — Silver Wheaton Corp. (USA) [[SLW]] which is just now breaking out all over again:

My best to you all, and Merry Hercules to you, too.

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Ha ha, just like my annual [[PAAS]] Easter Egg coloring pun pick, I feel the need to get that header in there every once in a while, just so I can feel young again.

I thank you for that indulgence, M. Le Fronteer Development Group Inc. (USA) [[FRG]] , you little power house uranium-gold junior, you.

Not since those halcyon days of  “Skiffles” [[SKF]] has there been a stock that moves so nicely whilst also providing ample punning opportunity.  What more can a semi-serious blogger require, I ask you?

And you likely remember this chart from the last time… we’ve finally cleared that consolidation area, and are seeking to secure radioactive gold gains (gold mixed w. uranium makes for the most posh nuclear weapons) with these targets:

I would like a short golf clap for frequent visitor “Employee8/Teahouse on the Tracks,” who reminded me of this holding yesterday and prompted this reminder post.  He’s also been very successful with his [[MVG]] call, which I have not yet gotten around to buying yet.  Startling, I know.

I would also like to point you in the direction of the recent Exeter Resource Corp. [[XRA]] spinoff, [[EXGMA]] (which I’m not sure we’ve got in our system yet).  It was up over 17% yesterday, proving the good sense in spinning off everything you can in a bull market, and hoping the market takes that unlocked value higher.   

We are of course in a raging bull for the precious metals, and that’s indicated by the acquisitions which seem to be popping  for the smaller miners (see  [[LIHR]] last week and Agnico-Eagle Mines Limited (USA) [[AEM]] ‘s announcements this week)  so it’s likely the spin-off is now being reflected as a value play AND an M&A trade bait possibility.

Last, I am hoping to roll out a couple of more LED plays, as soon as I do a little more research in some of these other names.   Of course Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] are the monsters in the space, and I’ve already bedded my stock barges with their shares.   I am looking to add as I think this space will remain hot, no matter whether our President remains Green or not.   Cheap lighting is cheap lighting, and it’s the pennies that count.

Best to you all.

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