Allright, that’s enough of this Barack Obamacare bashing. For now.
Let’s all remember what this blog is about after all, which is sound money market plays. That stuff can’t work out without a crapload of bad government policy to destroy the currency for our benefit. So let’s all take a minute to thank Barack and Nancy and the whole group down at the Fed for the opportunities they’ve apportioned us.
And here’s some more that I think may be burbling to the surface this very evening… First it looks like the coal stocks are catching a whiff, so let’s not forget about the Jacksonian dividend payor — Natural Resource Partners LP [[NRP]] .
Next I’ve got some fun junior golds that I think are ready to take off, not unlike last night’s recommendation [[CNXT]] did today. The first I’ve talked about for many months, and it’s one of my favourites (sic) of the junior miner variety — and here’s Allied Nevada Gold Corp. [[ANV]] ‘s weekly chart:
Looking for a flat side breakout (up) here, with a little additional volume. $9.00 should be the safe zone.
Next is [[BAA]] , which finally got it’s mojo going today. I think a move over $2.14 is the second stage of this story:
Last, an old friend who may be indicating good news (finally) for the Brotherhood of the Natural Gas freaks (like Fly’s Flotek), is Lexington, KY-based NGAS Resources, Inc. [[NGAS]] , which is showing a turtle head pop-out of the downtrend:
Last, the silvers look like they are going to make another run, so keep an eye on the silver Jacksons Silver Wheaton Corp. (USA) [[SLW]] , Silver Standard Resources Inc. (USA) [[SSRI]] and [[PAAS]] . Also platinum finally started getting off it’s keyster today as well — I use the ETF [[PTM]] to invest in that precious metal.
Remember to write your Congressperson about keeping their hands off your private, well supplied healthcare system. Don’t let them kill the goose that’s laying the golden eggs for us and the rest of global health. Best to you all.
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Hi Jake,
Do you think with NGAS breakout could benefit UNG stock?
Thanks!
Peter.
LOL…Ya beat me to the question Pete. I have been on both sides of UNG for about a week or so now, and am currently holding 14 calls. I think it’s ready for a move one way or the other, and I hope it’s UP!
I think it’s very likely. It also doesn’t hurt that we are entering a cyclically strong period for nat gas in August here.
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Great post JG I am searching for the next core position for my trading account. I was lucky enough to scale back my SLW position yesterday and will look to add back what I sold on further weakness. RGLD is my gold play that I can add to below $40.
I put your gold, coal, and ngas plays on my screen and will check it all out, I like that dividend in NRP.
BAA looking rather unmolested, relatively today. Still like ANV too. NGAS can be sipped today, too, I think.
RE: SLW — 38.2% short term retrace @ $8.60 and gap fill at $8.50. I will be adding my last little bit if we get $8.50.
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CNXT not even moved off the dime…. veddy interesting….
jake,
it is completely off topic, but since you are taking a break from the healthcare debacle, I thought you might be interested in how we as a nation could be saved by silkworms and the geniuses who know about them.
http://www.youtube.com/watch?v=Yxe_kwc8klw&feature=player_embedded
I’ve seen this.
Not to spoil the fun, but I had a good friend who started talking like this at around the age of 20. He was diagnosed with schizophrenia not long thereafter.
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Mr. Jake:
Always a pleasure to read!
TGB is one of the numerous of “T” squared’s personal Fav’s here and it ‘appears’ the ‘wick is lit’,,,
Jacksonian consideration??
Yes, fully understand the price and non-marginable.
Good day to you, Sir!
Indeed!
TT — thanks for stopping by.
TGB is way too little for Jacksonian consideration, but I like it here, especially with a clean break over $2.10 or so.
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Update — TGB closed at $2.14! Nice.
Jake: GATA, full of it, or tired of it?
Most likely on to something. If the fiat guys don’t slam gold, it’s game over, remember.
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Jake: May be important, maybe not–just thought I’d provide.
http://www.zerohedge.com/sites/default/files/SilverETFs_1_PDF.pdf
Thanks. My take: it’s hard to credit such accusations without a corresponding physical inventory. They are looking at paper, after all.
The weight thing seems silly. Of course the weights will be almost equal.
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jakey-lawn guyland fella…slw and gold is gonna get smashed shortly..be careful of a dolla rally mate.
I welcome a dollar rally, mate.
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I, as well kind sir.
C&G, enjoy it while it lasts, it won’t. Dreams of Debt Trap fading…