Select Stocks Send Signal

Fri, Aug 17, 2012 - 10:43am

Perhaps we have a new acronym on our hands? The SSSS. Yesterday, quite by chance, I noticed that several of the best mining stocks are making 6-month highs. Is this another signal that higher metals prices are right around the corner?

Yesterday afternoon, I opened an app on my phone that is programmed to follow the major indices as well as 15-20 miners. I only opened it to see how the overall stock market was faring (which is something I rarely do) and then I scrolled down to look at a few miners (which is something I do even less). A couple of them caught my eye. I saw GOLD (Rangold) first and noticed that it was pushing 100. Then I noticed AEM (AgNico Eagle) and thought it looked noticeably higher, too. I pulled up charts and saw that they are both at 6-month highs. Wait a minute here. Hold on just a second. Isn't it curious that two, top miners would be moving to new 6-month highs while the metals are still stuck in a trading range?

The last time GOLD was near 100 was last March when gold was near 1700. The last time AEM was $46 was last November, when gold was close to 1750. What does this mean? Beats the crap out of me! But seriously...this could be phenomena specific to these could be just another sign of the impending resurgence and rally in the price of the metals.

The next question should be: Do any of the other miners look like this? Well, not really. I did find two of our old favorites that are perking up a bit following recent earnings "disappointments" and need to be watched.

And the HUI itself is looking better. I can't give an ALL CLEAR yet but...if the HUI can keep rolling higher and post a few closes over 460...there may finally be reason for optimism in the mining sector.

And, of course, any mention if the term "HUI" here in Turdland comes with the obligatory posting of the SMOKING HOT Carrie Underwood singing about it. (Neo-turdites should know that, to my partially-deaf left ear, "undo it" sounds like "the hui".) (And I'll never understand what she sees in that meathead hockey player.)

Carrie Underwood - Undo It (Official Music Video)

OK, after I wipe off the cold sweat in which I suddenly find myself drenched, it's back to business. In an absolutely stunning development, the metals surged this morning at the open, only to be CAPPED ONCE AGAIN near 1620 and 28.25. Though I know many of you are getting sick of this crap and are dying to see the metals break out, you must remain patient. Fundamentally, gold and silver are extremely strong and, even when left to their own devices, are poised to eventually break out. ( But, screw that. I don't want to wait much longer so maybe we can begin forcing the issue next week. Until then, here are graphic representations of our current predicament.

And I'm not sure which of these two stories make me feel more nauseous. You'll likely read the NYT story before heading off to barf and then return to watch the video before getting sick again. First up, all of the conniving, criminal thieves at MFingGlobal are apparently set to walk free. Hmmm, I've got an idea. What do you say you and I start an investment firm where we take client money and use it to place huge, extremely risky trades. Then, when it all breaks down and the clients lose their money (which they were told was "safe" and "segregated"), we simply laugh it off as "porous risk controls" and walk away. How do you think that might work out for us? Maybe just a bit differently than it has for the criminal Corzine and his merry band of politically-connected, reprehensible outlaws? And don't forget that just last week, your Seventh Circuit Court of Appeals established as precedent that the theft of client funds is now completely legal. God Bless the U.S.A.!

And then there's this. I found this video on ZH last night. It is a time-lapse progression of the ownership makeup of the U.S. treasury market. Note that, in 2003, the Fed had a nearly even ownership across the curve. Watch then how this progresses. Now, the Fed is nearly out of short-term treasuries but they have come to completely dominate everything with a maturity of 3 years to 30 years where they own as much as 70% of the market! Simply amazing. And disgusting! This is America, land of the free and home of the brave where capitalism and free markets create productivity by equitably deciding who wins and who loses. NOT!!!

Fed vs. Private Sector Treasury Holdings

Listen up, you witch. Your days are numbered. We're onto you and soon you and all of your monkeys will be sent scurrying into exile. Perhaps you will be lucky and be allowed the fate of that goon, Corzine. Perhaps not. In the end, it matters little. All that does matter is that the game is ending and you are going to lose.

Drago: You Will Lose


About the Author

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Aug 18, 2012 - 7:20am


More about Farrakhan...

For my African American studies class I did some study on Farrakhan. As I understand the Nation of Islam (NOI), they are not like the mid-east muslims, per se, but, according to Prof David Acey at U of Memphis, it is more of a "not white" and "not Christian" religion that offers blacks a choice. I wrote an analysis of his speech at the million man march that won an award and probably got me a job. I gained some respect for him in the process, even though he has had his share of scandals, though not as damning as some other political leaders. Essentially, in that speech he told black men to "man up" and start being responsible, quit drinking and taking drugs, and raise your families. Oppression notwithstanding, ee pointed to the weakness of black men as the central challenge of their community today, no more excuses. He will sound off on any group that oppresses African Americans and apparently now that includes the cartel. Good for him! He has been aware of and teaching about the evils of the "white power structure" for decades. I don't think he is that far from our way of thinking. Early on the NOI wanted the American government to set aside land in Illinois and Wisconsin for the NOI where they would be sovereign --perhaps like a native American reservation, unshackled from the power of the American government and racist capitalists. No, I dont' think he is that far from us at all...

Aug 18, 2012 - 7:19am

Is Bill Maher Really This Stupid?

Bill Maher: Romney Has 'A Messiah Complex'

It's become clear that Bill Maher's devotion to Barack Obama is so all encompassing that he's lost any capacity to reason or view things with even an iota of impartiality.

On HBO's Real Time Friday, the host actually accused presumptive Republican presidential nominee Mitt Romney of having - wait for it! - "a messiah complex" (video follows with transcript and commentary):

BILL MAHER: Do you think that they have a messiah complex, because I always heard that Obama was “The One,” you know.

REIHAN SALAM: He hasn’t pledged to lower the level of the seas yet.

MAHER: Okay, but wait. This is what Ann Romney, I heard Ann Romney say this week. She was interview on 30 Rock. She said, “I believe in my heart” – they asked her, “Why do you work so hard for Mitt?” – “I believe in my heart that Mitt is going to save America.” Really? Save? Does America need saving? That’s like when Justin Timberlake was going to bring sexy back. Sexy went away and so you brought it back. America needs…

MARK CUBAN: It’s his wife. What do you expect her to say?

MAHER: I know, but I’ve never heard that either. I understand that the guy is, we don’t agree with him, but that America actually needs saving? Listen to this.

SALAM: You didn’t hear Michelle Obama say some over the top things about Barack Obama?

MAHER: No, I’ve never heard that. I never heard that.

SALAM: You never heard her say that she was never proud of her country before seeing the response to Barack Obama? Come on.

"No, I’ve never heard that. I never heard that."

Since February 2007, the left and their media minions have depicted Obama as being the savior of mankind.

In June 2008, after he had sealed up his Party's nomination, the junior senator from Illinois actually said, "This was the moment when the rise of the oceans began to slow and our planet began to heal."

Obama speech oceans receding, planet healing

But Maher doesn't remember any of this.

He's so all in for Obama that he's totally lost touch with reality.

Regardless of this immutable fact, HBO still gives him a platform every week to disseminate propaganda.

Exactly how did a cable network whose roots are airing movies to the public get to this point?

Read more:

Aug 18, 2012 - 7:04am

I think...

Based upon my recollection of the old Stockhouse bull-boards from several years ago, that jonnydow and stoxxman are one and the same. I believe that "they" were exposed as clones, even way back then.

JD/SX, if you have a small shred of imagination, try thinking up a new handle, as it might help you conceal your ages old agenda. Since about $300 gold?


Aug 18, 2012 - 6:34am

Tribute the Main St love-in

and may it continue throughout the weekend.

The Boy with Tape on his Face - Royal Variety 2011
Aug 18, 2012 - 5:41am
Aug 18, 2012 - 5:35am

A Saturday essay comparing Churchill to the current pygmies

Written by historian David Starkey and it applies to the US just as well. The 'Coming Storm' comes to mind.

Late one night, Winston Churchill and a young fellow MP were leaving the House of Commons when Churchill called his colleague back to have a final look at the debating chamber before they headed home.

It was the spring of 1917, in the darkest days of World War I, a moment of crisis both for Churchill personally, and for the nation. Though still an MP, he was out of office having resigned from the Cabinet after a demotion; and Britain seemed on the edge of defeat by Germany.

But Winston — not for the last time — was indomitable. Above all, he drew strength from the darkened Chamber itself. ‘Look at it’, Winston said to his companion. ‘This little place is what makes the difference between us and Germany.

‘It is in virtue of this that we shall muddle through to success and for lack of this Germany’s brilliant efficiency leads her to final disaster.’

Leadership: Winston Churchill should be an example to Cameron and Clegg

‘This little room,’ he concluded with a fine Churchillian flourish, ‘is the shrine of the world’s liberties.’

Churchill was right. The Commons protected the world’s liberties with the eventual defeat of Germany in the Great War, and it did so again in World War II — even though German bombs had reduced the Chamber itself to rubble.

But it’s an open question as whether Churchill would be right at the moment.

Today, the threat comes in the form of the rejuvenated authoritarian regimes of Russia and China. They have bottomless reserves of cash, huge natural resources and, in the case of China, a ferociously efficient industry which looks certain to submerge the all-but bankrupt economies of the West.

It comes in the form of Brussels, with its anti-democratic adherence to the collapsing euro, which is stoking enmity between nations and threatening to drag Britain into a depression that will mean hardship for decades.

The question is where are the great politicians — the Churchills of today — who are prepared to speak out and tell the truth about these threats to our future?

Full essay:

Read more:

Aug 18, 2012 - 3:51am

GSR continues its sideways

GSR continues its sideways march. There is some slowly sloping down trend emerging In August. Have no ideas to add at this moment. My original assumption that once it starts, it will be a steep move down initially as silver gets back into shorter term mania phase before gold if there are signals that would drive collective silver buying cooperation mindset..there can be also head and shoulders with very flat head before that. Things are continuing to be stretched in time, perhaps lately related to summer inaction as volume e.g yesterday was lowest in last 60 days (excluding one day with holiday in the USA) -as per netdania- and weekly volume was lowest in 1, 5 years- as if no one was trading anymore- about 1/5th of average volume over the last 1,5 year period.

Aug 18, 2012 - 2:43am

Black No. 1

Don't fall in love with a trade and use a stop loss.

Type O Negative - Black No. 1 (Little Miss Scare -All) [OFFICIAL VIDEO]
The Watchman
Aug 18, 2012 - 2:21am


Summer is not over-the precious metals ARE going much higher. It is inevitable,you seem like the type that bought into that highly touted Facebook stock or maybe Groupon...LOL

Titus Andronicus
Aug 18, 2012 - 2:13am


I don't know much about The Nation Of Islam. What I know I really learned from Spike Lee's movie Malcolm X and from listening to Malcolm X's speeches.

A couple things I can say:

1) Spike Lee's movie is easily his best work (IMO). I love that movie. Denzel Washington is incredible and Spike Lee did a great job. I HIGHLY recommend it to anyone.

2) I've spent some time watching Malcolm X's speeches. In my opinion he is one of the greatest public speakers of the 20th century. A very effective speaker and a very effective leader. There is no wonder at all that he was murdered.

3) Recently, a couple youtube videos by Farrakhan did catch my attention -- ones like that posted by tyberious. It sure seems to me that Farrakhan is spot on about the current political situation in the US. Also, he's a pretty good public speaker.

4) Obviously Farrakhan does not represent all African Americans, but there are a lot of people who listen to him. And that guy is not afraid to speak his mind. And it is clear to me that he feels it is his duty to fight for what he believes to be right. He is NOT an easy guy to shut up. (And I mean that in a good way.)

5) You'll be able to measure the effectiveness of Farrakhan's efforts by how he is vilified in the media. (Very much like the only thing my parents seem to "know" about Ron Paul is that "he's a racist". Same type of thing.)

I don't mean any disrespect to any Muslims or members of the Nation of Islam or any other religion (or atheists). All I know is pretty much what I listed above. (I have never tried to read the Koran, for instance.) I'm not interested in raising any arguments about religion here on this site. Can we not do that?

I think it is fair to view Farrakhan as a civic leader, in the sense that there are a lot of people outside the Nation of Islam that listen to him. From this viewpoint I share tyberious' conclusion: Farrakhan is definitely the enemy of my enemy. And I hope he doesn't end up like Malcolm X. (I don't mean to twist tyberious' words. Maybe his conclusion is very different. Looking back, I'm not 100% sure where he was coming from.)

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