Gloria in Excelsis Jackson

 

Again, there’s no need for braggadocio.  It’s too early yet.

Let’s just recognize that there will be pullbacks, perhaps as soon as this week.   Those pullbacks may take the form of consolidations, or real live gut-rippers like we experienced in rocket ship IAMGOLD Corporation (USA) [[IAG]] last Friday.   Take a look at my notes on the Jacksons for further guidance. 

Important to note, however, that we’ve broken out of the long term triangle on the $HUI, and out of the recent June highs, with a close over $409 on Friday.   Next targets are $475 and the old highs of $525.   I am firmly convinced we’ll see both those levels well before Christmas.  This should drive the Jacksons for the remainder of the year, and I think there’s ample room for continued participation here.

Remember this chart from a couple of days back? 

Well, look where we’ve come in two short weeks:

My favourite (sic) non-Jacksons include Allied Nevada Gold Corp. [[ANV]] , Rubicon Minerals Corp. (USA) [[RBY]]  and Golden Star Resources Ltd. (USA) [[GSS]] on the gold side and [[CDE]] and [[EXK]] on the silver.   I really like the free air on the CDE side.   It could go to the low forties with very little resistance now that it’s broken out of it’s May closing highs.

Here’s the weekly Jackson review… note the monthly is higher than the weekly in this first week of September, because August 31’st was such a down day for many Jacksons.

Name/			%		Portfolio	Portfolio
Ticker	28-Aug	4-Sep	Change		Value	Impact		Comments
ANDE	$        32.92	$      32.34	-1.76%		$             9,764	-0.10%		Still looking for the break of $33. Soon!
EGO	10.56	11.21	6.16%		$           10,504	0.39%		$11.50 is BTFO target
GDX	40.18	45.02	12.05%		$           13,626	0.98%		Look for pullback this week. BO>$45.25
GLD	93.87	97.53	3.90%		$           11,217	0.26%		Looking for $100.
IAG	12.02	13.84	15.14%		$           17,065	1.55%		In BTFO territory, and consolidating BO.
MON	83.00	82.24	-0.92%		$           13,047	-0.07%		Coiling on low volume
PAAS	19.99	22.45	12.31%		$           13,483	0.99%		BO out of triangle. Pullback level – 21.50
RGLD	39.95	45.98	15.09%		$           12,705	1.15%		Massive two day BO.  Next target $48.65
SLV	14.50	15.97	10.14%		$           12,973	0.79%		Broke weekly DT, over 15.75 resistance
SLW	10.45	11.59	10.91%		$           11,258	0.74%		Massive BO.  Next target $14.
SSRI	18.28	21.09	15.37%		$           12,269	1.13%		Needs $21.50 for BO level
TBT	46.74	47.70	2.05%		$             9,502	0.12%		Bounced from $45 low, now over $47.20 again
TC	11.98	11.89	-0.75%		$             9,787	-0.04%		May have bottomed at $11
TCK	25.20	24.36	-3.33%		$           23,505	-0.47%		May have bottomed at $22.05
Cash (000)	$        0.00	$    12.64	0.01%		$         12,644	0.00%		Same
AVG (weekly)			5.67%		$       193,350	7.41%
AVG (monthly)			7.88%		Actual cash
AVG (inception)			32.81%		on cash return	28.90%

Best to you this week, and watch for pullbacks!

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