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% |