This is a far shortened version of the post I wrote last night that got eaten by WordPress, curse their bones. Apparently, not even the autosave was working last night.
In summary, yesterday was a bag full of fruity jelly beans and bottle rockets. The three I told you to watch — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and [[TBT]] were up some 8+%, 7+% and 5+%. They are still all buys here.
The silvers shocked me, many of them heading back over all the moving averages they had fallen below. But then silver always makes violent moves — it’s the Al Capone of the precious metal world. The silver Jacksons did well, with Silver Wheaton Corp. (USA) [[SLW]] — my favourite (sic) — doing the best at over 6% up, but in the personal holdings, non-Jackson junior [[EXK]] was the superstar, up over 14.2%.
I expect all the metals to have pullbacks today after yesterday, but I don’t think this was a headfake, either. I think the inflation numbers are starting to percolate. Remain cautious, but be sure to continue accumulating and filling out your well diversified list of juniors. These are lotto tickets (witness [[BAA]] as of late) and you just never know when they will come in. Another great example is Golden Star Resources Ltd. (USA) [[GSS]] , hat tip to whomever reminded me of them again yesterday.
Gun to my head picks today include Allied Nevada Gold Corp. [[ANV]], [[BAA]] and more Thompson Creek Metals Company, Inc. [[TC]] . I will seek to start getting rid of my [[TZA]] today as well on any strength. Cash is starting to slow down the portfolio performance, as you can note from the relative performance numbers below. Have a great day.
| Name/ | % | % | Portfolio | Portfolio | ||||
| Ticker | 14-Jul | Change | 15-Jul | Change | Value | Impact | Comments | |
| ANDE | $ 27.97 | $ 29.20 | 4.40% | $ 8,816 | 0.23% | Winship | ||
| EGO | 8.71 | 9.05 | 3.90% | $ 8,480 | 0.20% | Ditto | ||
| GDX | 36.76 | 38.29 | 4.16% | $ 11,589 | 0.29% | $HUI bounce told the tale, to $43? | ||
| GLD | 90.81 | 92.24 | 1.57% | $ 10,608 | 0.10% | Above all the MA’s again, looks good | ||
| IAG | 9.65 | 9.99 | 3.52% | $ 12,318 | 0.26% | Winship | ||
| MON | 74.70 | 76.46 | 2.36% | $ 4,484 | 0.06% | A little overbought now, expect pullback | ||
| NRP | 21.34 | 22.27 | 4.36% | $ 4,622 | 0.12% | Decent volume move but now overbought | ||
| PAAS | 18.24 | 19.30 | 5.81% | $ 11,592 | 0.40% | Broke DT, back above consolidation zone | ||
| RGLD | 39.54 | 40.51 | 2.45% | $ 11,194 | 0.16% | Back over 200 day looking good | ||
| SLV | 12.72 | 13.06 | 2.69% | $ 10,609 | 0.17% | Nice one day move, POS = 13.33 | ||
| SLW | 7.88 | 8.41 | 6.73% | $ 8,169 | 0.33% | Above downtrends now | ||
| SSRI | 17.93 | 18.62 | 3.85% | $ 10,832 | 0.25% | In consolidation zone, below all MA’s | ||
| TBT | 50.63 | 53.19 | 5.06% | $ 10,596 | 0.32% | Winship | ||
| TC | 10.72 | 11.61 | 8.30% | $ 5,446 | 0.27% | Extraordinary winship | ||
| TCK | 17.15 | 18.46 | 7.64% | $ 12,274 | 0.56% | Winship | ||
| TZA | 23.99 | 21.28 | -11.30% | $ 4,287 | -0.29% | Will ditch on break of $20, or sooner | ||
| Cash (000) | $ 0.03 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Same | ||
| AVG (daily) | 3.27% | $ 172,337 | 3.45% | |||||
| AVG (monthly) | 2.21% | Actual | ||||||
| AVG (inception) | 15.35% | Return | 14.89% |
man, that bull has a sack or what?
That is a bull with balls.
Metaphorical, actually.
I will call him “Fly” — with the caveat that those things may end up the world’s largest mountain oysters.
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indeud…
Indeed that bull does, I like GSS aka GSC.TO and bought it a while ago. I regret not buying BAA. I chose GSS over BAA based on fundamentals but when it comes to exploration I guess all that matters is if you find something or not.
Do you have any kind of target on EGO? I’m in at $10.70CDN and it’s been way lower and way higher swinging around. Almost tempted to start swing trading it but fear if I do that I”ll miss out on the “real move”.
Also pleasantly pleased with EXK as I own it on both the US and CDN EDR.TO.
Dubz — You are going to have to give me a translation on the EGO Canuckistan price.. as the Loonie has been close to the dollar as late, you may not even need to bother…
But (as you know, as it’s a Jackson) I like EGO as a long term hold, here. I think all of these will at least double, and if things work out, treble and quadruple in the next 18 months or so.
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lol, I got in at ~$9.77 US or at least that is what the ~quote was on PPT when I marked that I bought it.
Based on your last paragraph say no more, in the portfolio she stays. My “gold & silver” plays are TGB, GSS, NGX, NGD, EXK (all on the TSX.) May look into some other exploration companies.
Bot more BIOS, end of day @ $6.17, 2k more.
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Holy shitski TCK was a beautful ‘ting today.
Up anudder 8.5% … love them Chinese.
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TCK is definitely adorable. Just an FYI about TC, I saw today for the first time that options are available. I recall not all so long ago that these were not? Correct me if I am wrong. I was in the process of buying more TCK today and fell a letter short in my symbol when I came across this. 7.50, 10, and 12.50 suddenly appear!!! I bought 1000 shares again the 14th at 10.80 nonetheless. I am not sure of market direction at this point but am leery of a bull trap. UNG, TCK, and WHR were relentless today 🙂 Gambled and bought a GOOG 430 August put near the end of day that I cannot wait to dump in the morning. I can’t wait for SLV to do the jiggy!
I am a bit worried about TCK downtrend line from May of 08 through August 08….any thoughts? Weekly time frame seems like it smacked it today.
TCK looks awesome… just crossed the 13 and 34 week averages and breaking out of all downtrend lines.
NEW POST —–>>>
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