I interrupt this heavily precious metal-oriented blog in order to pay homage to The #1 Jacksonian Holding since inception (May 1st, our official/unofficial start date). Mr. Anderson — [[ANDE]] broke the 70% mark today, in a little over a month’s trading.
That’s kind a special, so I figure I’d give old “Keanu” a shout out. Do you begrudge? Better question — do you own it?
Mind you, I think the PM’s will eventually leave Mr. Anderson in the dust, counting spoons that aren’t really even there. And believe me, the PM”s are not doing too shabbily as it is, with [[SLW]] up 41.84%, [[TC]] up 41.49% and [[PAAS]] up 39.88%. All of the golds are in the 30’s as well, with my three laggards being (in order) [[NRP]] +0.66%., [[TSO]] + 0.31% and negative nelly-monster [[MON]] at (-2.76%). The overall port, thanks to today’s recovery, is just under 26% for the entire period.
What’s that you say? Molybdenum’s not a precious metal? Well it’s PRECIOUS TO ME!
For today I added a little [[EGO]] at $9.57 — my one holding that did not close in the black today (by two cents). Ironic, no? Still I wanted to fill that position and I think it’s coiling for a move here. Everyone else recovered to some extent, but I would not bet my bottom dollar that we are out of the turbulence yet. No, I shant sound the “all clear” until we’re above the $400 mark on the $HUI, as mentioned in last night’s post. We got halfway back, closing a bit above $387 this afternoon.
As I said, use this time to accumulate positions in the Jacksonians, and in some [[GG]], [[AUY]], [[ANV]], and [[EXK]] — among the other PM’s of your choice. Soon these prices will be but a dream to you, I fear.
If you want some non-Jacksonians, I’ve been playing some biotech lotto with [[SVA]], [[HEB]], [[SFE]] and [[CTIC]]. I’m not even going to disclaim those, as if you dare playing with them you are too “certifiable” to hire a creditable lawyer in the first place. Just. Don’t.
Two quick charts showing Mr. Anderson’s progress. The first shown when I laid out the first blog post on the idea, the second captured today:
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And today’s portfolio performance. Be well all.
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| Name | 4-Jun | % Change | Comments | |
| ANDE | $ 28.22 | 6.45% | Up over 70% since 5/1 | |
| EGO | 9.52 | -0.21% | Got more today @ $9.57 – can ya tell? | |
| GDX | 43.51 | 3.20% | $HUI back above $385 again ($387) | |
| GLD | 96.23 | 1.93% | POG up 2.2% today. ($983.50) | |
| IAG | 10.55 | 1.54% | Gaps filled, but anemic. | |
| MON | 82.90 | 1.72% | Back to Tuesday’s close | |
| NRP | 24.24 | 3.86% | Healthy recovery for this sluggard | |
| PAAS | 23.29 | 4.30% | Up 5.6% since yesterday’s purchase ($22.05) | |
| RGLD | 46.19 | 1.34% | Low volume retrace | |
| SLV | 15.63 | 3.24% | POS back close to $16 again. | |
| SLW | 10.95 | 3.69% | Closed right on the 50% fib retrace | |
| SSRI | 23.97 | 4.04% | Over the cup again-exactly | |
| TBT | 56.00 | 3.72% | Back over 61.8% fib – $60 next target | |
| TC | 10.06 | 7.71% | Blew right back up again. | |
| TSO | 16.06 | 5.87% | Back in the long term green by 31 basis pts. | |
| AVG | 3.49% |
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Jake, Nice work ovah heah!
Thanks Yogi! I hope you picked up a coupla “Pic-a-nic “baskets!
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ANDE’s gonna run. Lots of charts like this one out there, clearing congestion and ready to boil.
You still think this is a bear market rally? If so, its a doozy.
Boom — yes, I do.
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You ever get some that SVM?
http://finance.yahoo.com/news/Silvercorp-Responds-to-Stock-iw-15427515.html?.v=1
I am killing it on SVM.
SOrry if dupe post, didnt show:
SVM is killing. DOnt know if you got any.
Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM – News; AMEX: SVM – News) is responding to a request of IIROC on behalf of the Toronto Stock Exchange following recent trading activity in our common shares. We are unaware of the reason for the increase in the share price and trading activity that has occurred so far today.
The Company continues to actively pursue future growth opportunities. At any given time, discussions and activities can be in process on a number of initiatives, each at different stages of development. Our corporate policy is not to comment on rumours and, in accordance with applicable laws, we will advise the market of material changes when they occur.
Molybdenum = General Moly (GMO) = breakout
Boom- don’t own that junior, but it sounds like a buyout rumour. You gotta alert us BEFORE it runs up.
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Molly- thanks, we’ve been bandying that one about in the PPT. RTI, while not moly, is another in that PPT grouping.
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Well done Jake… well done.
For some reason that ole VGZ crack came to mind. It tends to lag rallies in other goldies. don’t know if I can resists… need…. help….
I DID! Like five frickin times.
I’d also like to hip you to BOOM.
Hell, just go nuts and get some HL while you’re at it.
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Sick pick on ANDE – 70% in ~ 1 month are what wet dreams are made of.
Hou have a great writing style, I’d love (sure others) if you updated more often(intra-day). Maybe make “Lord Gint Buys” or w/e else during the day? It would skyrocket this thing as the “people” like to hear what you’re thinking.
That said I’m sure there are reasons you aren’t; just throwing it out here.
See ya in the PPT.
BOOM? Now that I remember.
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Dubz- thanks. My main problem is I’m too long winded. I need to master the art of the short post. I also have to figure out if I can post via Crackberry.
I will be trying to get at least on intraday post a day in though.
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lol, it was Hugo Weaving night on TBS tonight – watched part of ‘The Return of the King’ followed by ‘The Matrix’.
The fact that ‘The Matrix’ is now 10 years old makes me feel old in my young(ish) age.
Gotta love Hugo. His “Mad Stare Elrond” was quite an artistic interpretation.
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Jake, when you have a minute can you put on your didactic hat and explain what’s going on? So job # was good meaning that recovery is underway. So why is oil going down? I know that USD has firmed up and oil is priced in USD but doesn’t supply/demand trump the currency relationship? And gold is down because USD is up, but why is that?
trader3 – I’m not Jake but think on what j said on the other thread (Fly’s Ruffle Feathers post) – essentially the market was short USD expecting a much bigger drop in payrolls.
The rise in the USD means short covering and since there is still a significant inverse relationship to markets and commodities this is equating with the correction today.
It’s the kind of “Alice in Wonderland” market behaviour one gets when one currency gets to bind the rest of the markets to itself.
What I mean by that is, the markets represent a more international perspective so (for now) when the economy looks like it’s going to stop bleeding from the arteries, the market will go down.
Google Triffin paradox and you’ll get a nice explanation as to why what’s good for the USD in foreign markets is not always good for the US domestic economy and vice versa.
But I’m observing all of this from my perch in Halifax, Nova Scotia – Canada.
Mileage may differ in your locale.
Good stuff Cuervos. Now get your east coast ass to the PG and give us a nice lengthy post on this 🙂
Sold 10% of my MVIS position at $2.79. Will hold here a bit and see what is going on. (Looks like I left some on the table as I type). This is my #2 position after DNDN. Basically, various PM and commodity names make up the other 50% of my portfolio.
As an aside, how is it that the new “good news” is just “less bad news than we expected”? Isn’t “bad news” still bad? Everyone was all “roses and sunshine” about the jobs number this morning. I am of the opinion that as long as things are continuing to get worse, that things are worsening.
I fear for the world my young daughter will grow up in.
Update, yea gods, did MVIS just hit $3?????
Bought back my MVIS at $2.71.