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C’mon, you know I couldn’t resist a low hanging curve like this one. But enough about the not-so-mourned paedophile (sic), as it looks like the real Jacksons are breaking out again. Even with the modified [[TZA]] hedge position, I still came away with a righteous 2.73% up day yesterday for the JCHP.
And that’s not including the sundry “side-bets” I made courtesy of the Chart Addict Casino and Burlesque Review. I try not to play long there, as it can be “addicting.”
Yesterday, while the site was down, I played around a little with the Jacksonian Portfolio Presentation again, and while I don’t think I will reveal the actual stock holdings every day, I thought the additional information below might be helpful for you to understand how I am trading within the portfolio to harvest gains and manage risk. So today, I’ve done away with the “comments” portion in order to show you the actual holdings as of yesterday.
As a point of clarification, the only change I made yesterday was to sell one half the TZA hedge position at $23.67, taking a little over a dollar loss on 201 shares (I still hold the remaining half). That left me with a bit over $13,440 in cash in the position. For the purposes of the weighting, I have cash sitting at an annual return of 2.5%.
As you will see it was an amazing day yesterday, as silver cleared $14.00 and gold held steady as well, pushing the $940 area (we are flirting with that price again today, despite the rest of the market being down). I think the miners will likely take a rest today and we may even be in for more consolidation. The trick is not to get impatient here, and to manage your positions for the next major cycle turn.
For today, continue to keep an eye on the junior miners, including Jacksonian Eldorado Gold Corporation (USA) [[EGO]] , and non-Jacksonians NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] , Northgate Minerals Corporation (USA) [[NXG]] , Allied Nevada Gold Corp. [[ANV]] , Aurizon Mines Ltd.(USA) [[AZK]] and maybe most important, Rubicon Minerals Corp. (USA) [[RBY]] . This should be a consolidation day for all of those, so shop with “moth hands.”
As for silvers, they are all strong relative to the market today as the underlying metal is making a nice return over $14 here. Keep an eye on micro-junior [[EXK]] for action, and also [[CDE]] which seems to be a day ahead of its brethren, and may have a consolidation day today as well.
As for the non-PM’s… I continue to like Teck Cominco Limited (USA) [[TCK]] here, and good old Jacksonian Thompson Creek Metals Company, Inc. [[TC]] might run into trouble again at its 38.2% fib retrace at $10.88. More in updates to come…
Jacksonian Core Holdings with Cash & Stock Weightings
| Name/ | Position’s | Number of | Percentage | Weighted | ||||
| Ticker | 24-Jun | 25-Jun | % Change | Port Value | Shares | of Port | return | |
| ANDE | $ 28.84 | $ 29.95 | 3.85% | $ 18,085.75 | 603.86 | 10.34% | 0.40% | |
| EGO | 8.51 | 9.39 | 10.34% | 8,798.43 | 937.00 | 5.03% | 0.52% | |
| GDX | 38.49 | 39.99 | 3.90% | 12,103.51 | 302.66 | 6.92% | 0.27% | |
| GLD | 91.45 | 92.31 | 0.94% | 10,616.44 | 115.01 | 6.07% | 0.06% | |
| IAG | 9.99 | 10.58 | 5.91% | 13,045.62 | 1,233.05 | 7.46% | 0.44% | |
| MON | 76.16 | 75.66 | -0.66% | 4,437.53 | 58.65 | 2.54% | -0.02% | |
| NRP | 20.92 | 20.83 | -0.43% | 8,646.74 | 415.11 | 4.94% | -0.02% | |
| PAAS | 18.47 | 19.34 | 4.71% | 11,615.62 | 600.60 | 6.64% | 0.31% | |
| RGLD | 43.74 | 46.00 | 5.17% | 12,710.69 | 276.32 | 7.27% | 0.38% | |
| SLV | 13.68 | 13.81 | 0.95% | 11,218.52 | 812.35 | 6.41% | 0.06% | |
| SLW | 8.34 | 8.81 | 5.64% | 8,557.48 | 971.34 | 4.89% | 0.28% | |
| SSRI | 18.65 | 19.65 | 5.36% | 11,431.07 | 581.73 | 6.53% | 0.35% | |
| TBT | 53.03 | 51.03 | -3.77% | 10,165.34 | 199.20 | 5.81% | -0.22% | |
| TC | 9.63 | 10.31 | 7.06% | 4,836.52 | 469.11 | 2.76% | 0.20% | |
| TCK | 16.12 | 15.99 | -0.81% | 10,631.65 | 664.89 | 6.08% | -0.05% | |
| TZA | 24.86 | 22.74 | -8.53% | 4,581.18 | 201.46 | 2.62% | -0.22% | |
| AVG (daily) | 2.48% | $ 161,482.09 | Equity value | 92.32% | ||||
| AVG (monthly) | -5.89% | $ 13,440.07 | Cash | 7.68% | 0.00% | |||
| AVG (inception) | 16.22% | $ 174,922.16 | Tot Port Value | 100.00% | 2.73% |
Sorry, posts now open… New site didn’t have them open automatically, so I had to flick a switch.
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Shroomz, you need to do it for your KoPeeg posts too. Tried to leave a “huzzah” for the latest cartoon.
That is not a moon!
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DAMN VINCENZO (shaking fist feverishly)
Jake, you must be lovin the silver and gold color pallete of the new IBC!
On the PEEG, there are no post voting buttons anymore and no list of top Peanuts anymore that I can find.
CF — I think Jeremy is still cleaning up a couple of things… I’m sure it’ll all be put back together by the end of this weekend.
What’s the word on our favourite (sic) Jackson?
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The autopsy report is back on MJ, he died of food poisoning. Apparently ,he ate some 12 year old nuts….
(rimshot)
I still like our favorite long term, like by the end of the year, I still think it’ll be above 100 but short term I am a bit worried especially if the market pulls back in the next few weeks as I expect.
RGLD has been my best performing commodity stock this quarter, therefor I am thinking about buying more.
How do I flick the switch JG to turn on comments?
My comments are now open, figured it out right after I asked.
DMG — probably allergic to nuts?
We only wish.
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CF — thanks, I’m holding.
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Shrooms, you techy you.
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Adding to my RGLD
Please make sure you all contact your Congressional representatives (ESPECIALLY if they are Democrats) in order to get this noxious cap & trade idiocy defeated before it permanently subtracts jobs from our shores.
And you Dems that support this bill, never let me hear you whine about American manufacturing disappearing… this bill will surely kill most union jobs left in the private sector.
Useless “fat” costs like this tax have to come from somewhere… most likely they will come from the most vulnerable.
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At least the health care nonsense has received a less than tepid response.
Cain, as bad as the healthcare thing is… this is even worse, as there will be ZERO benefit for the cost.
Absolutley a complete waste of time and money… a hijackjing, as it were.
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Jake:
You need to log into WordPress, then set your gravatar in your Profile there.
It seems a little too convoluted for such a simple thing, but that’s what Jeremy came up with.
RGLD really got homo-hammered today.
The selloff was very violent slicing clean through the rising 5 day moving average and brought a lot of traders in a losing position.
Is there any fundamental reason for this panicky selloff that you know of?
Fundamental, not that I know of, although it did bounce back to the high 42’s in AH. I’ll see if I can dig up more over the weekend. It is Russell rebalancing day, but they were not added or subtracted, so I dunno if that has any effect.
Zen — where in wordpress do I set my gravatar? Admittedly, I am a blogging tard.
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Jake, which is the favourite (sic) Jacksonian you speak of?
I’d like to open up some long calls on gold but could use some ideas
Jake, which is the favourite (sic) Jacksonian you speak of?
I’d like to open up some long calls on gold but could use some ideas.
Jake, http://www.gravatar.com
Or, you could just click on the link which is just above the empty comments box.
I won’t make too much fun of you as I already had one set up and forgot and thought Jeremy had set one up for me.
Wood, of course I’ve created the damn thing on the associated link already — I am not some feeble grandfather.
My question is, do I need to do something else in order to get it to appear here? Is there something on the WordPress blog software on this site with which I must negotiate?
It appeared from the adverts on the gravatar’s site that one had to do nothing after creation, but that appears NOT to be the case here.
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Jake, are you entering the same email addy in the “mail” slot on iBC?
Btw, Wood… thanks for sending the footage of your “experiment” from the other night’s drankin’ party.
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Boom, on this site, it’s my auto moniker, I don’t have to fill out anything.
I will try the other email on Fly’s though and see if that works…
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Boom, you were right, all I had to do was log out and use my jakegint email.
Indeuuuud, many thanks.
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