I think there’s some good news in the commodity sector. I still don’t trust the silvers yet (under 200 day MA’s still)though I’m holding every last one. I like Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] here a lot. Monsanto Company [[MON]] is still sick, but [[TBT]] may be a purchase tomorrow as well.
I’ve been running myself ragged here, so the joozy picks will have to wait for tomorrow, but I’ve some nice looking juniors– NovaGold Resources Inc. (USA) [[NG]] , Northgate Minerals Corporation (USA) [[NXG]] , New Gold Inc. (USA) [[NGD]] and [[BAA]] — that I think will be worth your while. [[BIOS]] should also be bot with all due prejudice.
Let’s see what Intel Corporation [[INTC]] does for us here, too tomorrow. But the best news would be for the Obamarxist’s socialized medicine plan to get shot down. The Obamanists say they’ll do it even without any GOP votes at all — which is hubris beyond all understanding, and political risk, if one is a thinking prudent Dem. I just don’t see that happening on such a third rail issue as the destruction of our innovative and life-saving modern health care system. They haven’t all swallowed the kool-aid down in Jonestown yet.
So there’s hope, which may give a boost to this market that means more than fat tech earnings. More talk of juniors and such tomorrow. Jacksons commentary below. Best to you all.
| Name/ | % | Portfolio | Portfolio | ||||
| Ticker | 13-Jul | 14-Jul | Change | Value | Impact | Comments | |
| ANDE | $ 27.37 | $ 27.97 | 2.19% | $ 8,445.05 | 0.11% | Got an oversold rebound | |
| EGO | 8.47 | 8.71 | 2.83% | 8,161.27 | 0.14% | Closed just above 20&50 day (8.69) | |
| GDX | 35.93 | 36.76 | 2.31% | 11,125.91 | 0.15% | $HUI Bounce trade working nicely here | |
| GLD | 90.19 | 90.81 | 0.69% | 10,443.93 | 0.04% | approaching 20 day @ $91.11 | |
| IAG | 9.32 | 9.65 | 3.54% | 11,898.89 | 0.25% | Closed over 50 day ($9.61) | |
| MON | 73.55 | 74.70 | 1.56% | 4,381.23 | 0.04% | Held over $70, approaching 20 day ($75.61) | |
| NRP | 21.37 | 21.34 | -0.14% | 4,429.22 | 0.00% | Back over 20 day, 50 day @ 21.95 | |
| PAAS | 17.99 | 18.24 | 1.39% | 10,954.95 | 0.09% | Needs to get over $19 to break DT | |
| RGLD | 39.32 | 39.54 | 0.56% | 10,925.67 | 0.04% | Still under 200 day @ 39.68 | |
| SLV | 12.66 | 12.72 | 0.46% | 10,331.44 | 0.03% | Still bouncing off 200 wk MA, as noted | |
| SLW | 7.68 | 7.88 | 2.60% | 7,654.13 | 0.12% | Still well under all MA’s | |
| SSRI | 17.73 | 17.93 | 1.13% | 10,430.48 | 0.07% | In consolidation zone, below all MA’s | |
| TBT | 49.02 | 50.63 | 3.28% | 10,085.66 | 0.20% | Breaking downtrend today, may get more | |
| TC | 10.20 | 10.72 | 5.10% | 5,028.86 | 0.15% | Launching again, may be back in tomorrow | |
| TCK | 16.47 | 17.15 | 4.13% | 11,402.93 | 0.28% | Above all the MA’s again, looks good | |
| TZA | 24.45 | 23.99 | -1.88% | 4,832.81 | -0.05% | Fading, but holding hedge | |
| Cash (000) | $ 0.03 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Same | |
| AVG (daily) | 1.75% | $ 166,953.22 | 1.66% | ||||
| AVG (monthly) | -1.00% | Actual | |||||
| AVG (inception) | 11.22% | Return | 11.30% | ||||
Yes to commodities, the dollar is about to get murk’d. Long live ERX
Love the pic
ROFL
Save that kid’s diapers! They’ll be worth more than a Golden Egg. You can send ’em in to G. Gordon Liddy for cash and Al Gore for carbon credits.
I agree the US$ will be taking it on the chin soon. Looking to add to PM positions and buy TBT and UNG.
That little guy is one scary mofo.
I love all of my dollar hating friends – completely backs up my theory 😉 gold prevails!
Nice quick run op to $935 in spot gold and break of downtrendline. A little consolidation would be healthy now to form a higher low.
Jake – I agree on health care and the market. IMO it won’t make it out of the Senate as is. It will be (likely be) much smaller, less taxes more cuts/savings. The business tax penalty is the killer.
Nice Jake, glad you’re still holding all your silver. I’m doing the same even though they are really shitting the bed right now. I’m already in NGX and NGD and I like both of them. On a side note I have no clue where you found that picture but it’s hilarious.
Dubz — silver had a nice turnaround today, no?
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Yogi & BB —
I have a pretty low opinion of Congress to start with, and my opinion is just as low for my own side, who squandered their opportunity at the helm.
However, I have to believe — because if I don’t I’ll go crazyy — that this “print 1,000 pages and ram it through” kind of “no-look” legislation has got to get halted here at some point.
Word on the House medical bill is astounding… apparently they want some 39 new federal health related agencies….
Fucking 39??!!
Yeah, and this is going to end up saving us a TON of money, Soviet style! 😉
I mean, what problem can’t be made better by the addition of billions and billions of dollars worth of additional bureaucracy?
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On the picture —
I often find funny pictures just using simple search terms.
For this one, I just put in “Golden Baby” and about the fifth page down, I found Son of Devil Dog.
Or is that daughter?
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Price of silver +$0.35 (+2.7%)
CDE +$0.82 (+7.3%)
EXK +$0.17 (+10.5%)
PAAS +$0.76 (+4.2%)
SLW +$0.50 (+6.4%)
SSRI +$0.83 (+4.64)
$HUI +$14.01 (+4.3%)
GDX +$01.51 (+4.1%)
In addition to the recs above….
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Jake,
Do you have an opinion on GSS?
Jake – Most deufinitely(sic), quite thrilled with the action in EDR.TO
Dubz — My rule on the Canuckistanian-only stocks is that I wait for them to get on the Amex. You guys and your wild west ways, and all….
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Jcvtwo — GSS is a blast from my past. I haven’t looked at them in a while. They are looking quite good right now, and I’d be inclined to purchase them over 2.40.
Right now, a handful of assorted juniors is going to be the best mutual fund anyone could buy.
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Your reporter from the other day is not alone: http://glamour-news.blogspot.com/2009/07/top-10-female-reporters-being-harassed.html
Couple pretty funny ones in there.
#2 gets my vote, Peez.
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Sorry folks, have a piece ready to go, but it won’t publish for some reason. Friggin gravy on the servers again…
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