Sorry I haven’t been around to post pictures of ugly food, but I had to blow out of here real early tonight, as Bob Dylan and his Merry Band, along with Willie Nelson and John Commie Mellancamp were in town for a great five plus hours of rock & roll.  They were uniformly good, and Dylan was border line great tonight.   Pretty impressive for a 68 year old dude, living legend that he may be.

Willie is 76 which is just freaking incredible, given that he sounds exactly like he does on the radio.   Even John Commie Melons was pretty spry at 58.  Still, they could’ve dropped him from the team and not have had such an odd mix of iconic greats with aging boy popstar.   It makes one wonder — who will Bob tour with next, Vanilla Ice?

Because I just got back, and because I’m out all day tomorrow, there won’t be a Jacksonian Summary today.  Looking over the list, it’s a pottage of offal.  Down almost 3% today, with our money padrones, both gold (price $911.70/oz.) and silver (price $12.90/oz. ) getting beaten up in a summary back alley fashion, purportedly by Treasury Bond Salesman bearing Snidely Whiplash moustaches.

IAMGOLD Corporation (USA) [[IAG]] was the worst of the lot, down over 8%.  I think that means we get a bounce tomorrow, given that there’s strong support at $9.00 (where we bounced today, btw).    I do think that the price of gold goes to $890 or so, here and that the miners are preceding that move.  

 Again, those of you who are lucky enough not to have a full position should be taking this opportunity to add at least some IAG here.   Yeah, we might see lower prices, but not three months from now.    This is stock that I believe will see at least $15 before the year is out, which is a 66% move from here.

The same can be said for Eldorado Gold Corporation (USA) [[EGO]] , Silver Standard Resources Inc. (USA) [[SSRI]] and Silver Wheaton Corp. (USA) [[SLW]] , all bludgeoned today as well.   Again, nibble with a sidelong glance for the great cat named Treasury, but nibble nonetheless.   You shall soon bell that cat.

I expect we’ll get something of a bounce tomorrow — in almost everything — but again would not be surprised if there is some follow through drubbing on some of these, including even [[TBT]] .   I will be out, but may take the opportunity to dial in some more [[TZA]] on a rise tomorrow, just to continue hedging these summer doldrums.

Non-PM Teck Cominco Limited (USA) [[TCK]] got whacked today too, but I think we may get a bounce tomorrow thanks to our friends at Alcoa Inc. [[AA]] .

On my recent non-Jacksonians, [[BIOS]] can easily get back to $5.25 (its 20-day) and Health Grades, Inc. [[HGRD]] still looks very strong here.   Healthcare seems to be a continuing “safe haven” in this period.   Checkout Amgen, Inc. [[AMGN]] for reference.

_________________

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But really not a horrendous day for the Jacksonians, which gives one pause, no? 

Now the PM’s are resuming their slide, and I can’t help but think it’s “of a piece” with the Treasury’s desperate need to sell bonds here.  Again, we continue to see opportunity, as I think it’s unlikely that gold will fall much below $890-ish on a per oz. scale, and I would be shocked to see it claw back to $850.  In the event it does, however, I will be manning the one man oompah-band, complete with bass drum, polka accordian and egregiously long slide trombone in order to advertise to the world — via drum majorette high kicks — that this is the time to back up the truck and buy.  

In the meantime, I will continue to convert my more esoteric picks (non-Jacksonian) and hedges of large positions into cash for additional rodent-like hordings of shiny metals.   In fact, should gold break $900 again, I will “do my part” and for the first time since 2001 start buying physical again.   If the Comex geeks want to “play that,” Homey will be obliged.

I have included a “weighted return” in today’s review (from yesterday’s close), so you can see how much each individual position actually returns.  As you can see, the actual $150,000 original investment is up a little more than the “pick alone” number, thanks to cashing out on a few loser, and thereby having them a lesser portion of the portfolio.   As a result, I will likely add to some Jacksons soon with the cash and hedge amounts ( [[TZA]] and Cash are equal to almost $23K at this point — or 14% of the portfolio) when the time is right.   That may be soon, fwiw.

Name/			%	Portfolio	Portfolio
Ticker	6-Jul	7-Jul	Change	Value	Impact		Comments
ANDE	$            29.67	$        29.96	0.98%	$      18,091.79	0.11%		Still trending.
EGO	8.75	8.79	0.46%	8,236.23	0.02%		Hanging on, relative strength today
GDX	36.94	36.51	-1.16%	11,050.24	-0.08%		Hanging at 50% retracement
GLD	90.76	90.71	-0.06%	10,432.43	0.00%		Relative strength
IAG	9.93	9.99	0.60%	12,318.13	0.04%		One of my strongest golds
MON	73.26	72.62	-0.87%	4,259.24	-0.02%		Down not so bad, considering.
NRP	20.70	20.38	-1.55%	4,229.97	-0.04%		Sold 1/2 on break of $20.50
PAAS	17.83	17.71	-0.67%	10,636.64	-0.04%		Expected to test $17 again.
RGLD	39.04	39.19	0.38%	10,828.96	0.02%		Oversold, $38 a possibility today.
SLV	13.10	12.89	-1.60%	10,471.16	-0.10%		Oversold, but 200 week beckons (12.40)
SLW	7.75	7.80	0.65%	7,576.43	0.03%		Support @ $7.50
SSRI	18.20	17.91	-1.59%	10,418.85	-0.10%		$17 likely goal.
TBT	50.94	50.19	-1.47%	9,998.01	-0.09%		Waiting for bond market to resolve
TC	10.07	9.82	-2.48%	4,606.66	-0.07%		Could target 50 day ($9.00)
TCK	16.88	16.15	-4.32%	10,738.03	-0.28%		Gave back most of prior day.
TZA	24.34	25.86	6.24%	5,209.53	0.20%		Portfolio saver again, still 1/2 position
Cash (000)	$          13.44	$      17.69	0.01%	17,694.95	0.00%		Increased on 1/2 sale of NRP
AVG (daily)			-0.38%	$ 166,797.25	-0.40%
AVG (monthly)			-1.50%	Actual
AVG (inception)			10.80%	Return	11.20%

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Teck Cominco Limited (USA) [[TCK]] is the strongest of the litter, here, and most of the precious still have work to do.  The silvers in particular are giving me agita, but only in that they are making me wait.

I bot some more Silver Wheaton Corp. (USA) [[SLW]] today as it tested its 38.2% fib, and [[PAAS]] and Silver Standard Resources Inc. (USA) [[SSRI]] had similar (though not as severe) pullbacks today.   Seasonally, we’ve entered into a slow period in the PM’s, but I am just not willing to sell anything right now, given the precariousness of the bond and dollar situation.   Sure, we could have more strength in both, but I just keep looking at the amount they have to sell this week (hat tip to Scum Bucket), and… well, let’s just say hard money is looking a lot more appetizing, and I’m getting ready to reload on more [[TBT]] . 

Of my non-Jackson’s Allied Nevada Gold Corp. [[ANV]] was actually a gold miner that was up today, and I’ve already mentioned that I increased my position in Rubicon Minerals Corp. (USA) [[RBY]] .   Pretty soon I’m going to look like a gypsy Queen with gold and silver (and a touch of platinum, though I’ve yet to add to my starter position in [[PTM]] yet) dangling off my fingers, toes, ears and dreadlocks.

But that’s what our major theme is going to be here, folks, for the duration, so get used to it.  Soon, you’ll thank me for my persistent nagging.  In fact, it’s quite likely that someday, you’ll be adorning your children in “just 4 Kids” NY Giant paraphenelia in my honour (sic), and sending them off to college with tuition bills paid for in gold doubloons and pieces of eight.

I have every confidence.   All I need is the patience of a Bengal tiger in the deep brush on the annual Marlon Perkins’ Eat a Safari Tourist Day.  

Non PM picks I like, if you’re interested, include [[BIOS]] and Health Grades, Inc. [[HGRD]] here.   Best to you all.

Name/			%
Ticker	2-Jul	6-Jul	Change		Comments
ANDE	$                 30.89	$               29.67	-3.95%		Bounced off 20 day, sell on break $28.90
EGO	9.25	8.75	-5.41%		Closed a cent over the 50-day ($8.74)
GDX	38.31	36.94	-3.58%		Gapped down, doji’d, 200 day $35.94
GLD	91.25	90.76	-0.54%		POG $925 headed for $900?
IAG	10.34	9.93	-3.97%		Bounced off 50 day, patience, a keeper
MON	71.96	73.26	1.81%		Bounced as I suspected, but vol. sucks
NRP	20.77	20.70	-0.34%		Still oversold, but hanging in.
PAAS	18.22	17.83	-2.14%		Looking weak, still.
RGLD	41.52	39.04	-5.97%		Below 200 day EMA, looking weak
SLV	13.16	13.10	-0.46%		Oversold, but 200 week beckons (12.40)
SLW	8.40	7.75	-7.74%		Closed penny over the 38.2% retrace, I bot.
SSRI	18.79	18.20	-3.14%		Doji’d but could seek $17 one more time
TBT	50.73	50.94	0.41%		Looks ready to make a move
TC	10.36	10.07	-2.80%		Could target 50 day ($9.00)
TCK	16.09	16.88	4.91%		Chinese investment give a pop.
TZA	23.63	24.34	3.00%		Portfolio saver again, still 1/2 position
Cash (000)	$               13.44	$              13.44	0.01%		Same
AVG (daily)			-1.76%
AVG (monthly)			-1.14%
AVG (inception)			11.26%

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Something about today’s low volume isn’t really convincing me today. Perhaps I’ll be shown the fool, I dunno. I do know the dollar is still shaky here with [[UUP]] having a tough time reclaiming the ever important $24.00 mark, and DXY only about fifty cents north of $80. Until the currency firms, I’m not going to be doing any “panic Jaeger bombs” in Danny’s basement.

I will remain in the defensive today, even as certain Jacksonian’s thrive. Our newest addition Teck Cominco Limited (USA) [[TCK]] benefits today from a weekend announced Chinese Gov’t investment, which shows that the Red Chinese are more Jacksonian than the Red Democrats running our Fed and Fisc right now. What irony, no? Also, [[TBT]] is up today, which gives me pause with regard to the Armegeddon scenarios as well. One would think the [[TLT]] would be up today given the dire portents afoot, no? But it’s not. Also, the hedge [[TZA]] is serving its purpose again today.

As a result of my skepticism, in true Costanza fashion, I am taking advantage of the worse wounded Jackson today — Silver Wheaton Corp. (USA) [[SLW]] — which has a intermediate term (10/25/08 lows to 6/4/09 highs) 38.2% fib retrace line at $7.74. Our lows today were $7.72, and we are now back at $7.74 as I type this. I bot another 2k at $7.82 all the same. I also got another 2k of Rubicon Minerals Corp. (USA) [[RBY]] at $2.88 as I continue to believe this name will show M&A related relative strength as it has been.

As ever the caveats are in place, especially with SLW — for which I have an unnatural obsession. Purchase of either of these — especially today — will cause your Lance Armstrong “Live Strong” bullshit rubber bands to tighten in the sun, rendering your hands useless clubs for the duration.

_____________

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I’ve been out all day, and I just realized I never even put down yesterday’s Jackson Portfolio display.   Must have been a cognitive dissonance thing, as the portfolio was down a little more than 1.5% yesterday (with cash, which the intraday changes don’t incorporate). 

Anyway, I figured I’d make it up to you by including this somewhat pedantic, yet useful “tardiness” tip sheet I cadged from “CommunicateInnovate.com” — in itself a useful site.   I also left off the comments from yesterday, since the rebound kind of makes them useless.    Looks like both gold and silver are staying within the range, and Mr. Anderson continues his winning ways… Onto the “tips” —

Bottom line: Whether it is a thrill or habit, there are steps you can take to reduce and eliminate your chronic tardiness problem. How do you respect and effectively utilize the universally shared commodity of time?

Balancing your time with those around you is an ongoing challenge. Be vigilant about effectively using your time and anyone sharing your time. Your calendar, your day timer (or PDA) and the clock are intrinsic tools of the business trade. Learn to tell time, use timers and challenge yourself to get there on time. There are mental mind-sets and effective meeting processes that can help you kick the tardiness problem (they helped me). Consider your scheduled meeting times as just a center point of your overall meeting time. It is usually the informal meetings or contact before and after the formal session where most of the business or decisions are solidified.

Always allow time for this informal contact:

1) Allow yourself 15 minutes before each scheduled meeting or event to: – get your thoughts or agenda together at the location for the meeting – have a quick meeting with the main person to review the agenda – chat with the person who is setting up the meeting room to get information on the attendees. Executive Assistants and Administrative Assistants can be an invaluable source of information. Build trust with this individual. – socialize and introduce yourself to the attendees prior to the formal meeting. You are likely to pick-up on the temperament of key individuals attending your meeting.

2) Allow 15 minutes after each scheduled meeting or event to: – review how effective the meeting was perceived by your key customer (coach) or by an attending colleague. – Take time with the key person (key influencer) to review the outcome of the meeting and strategize next steps – Test the water and ask for the business. You might actually get the order. Alllow time for that too

3) Give yourself the 15/15 minute buffer before and after each scheduled meeting to allow for unexpected things. Plus you will less likely impact on subsequent meeting times. Early is always better than late.

Arriving on-time is the most visible sign of disrespect toward the other people involved. For first time meetings, being on-time is one of the major positive impacts on ‘first and lasting impressions’. Add to your good reputation – be on-time. Including this “15/15 Time Wrapper” around each of your scheduled appointments and meetings will afford you more time to prepare/strategize (before)and then assess/close(afterwards). Reduce stress on both yourself and those around you. Your respect for other people’s time is a measure of your own self-respect. Being respectful is an honorable trait – a trait that can only add to your glowing reputation.  

About the Author:

Carl Chesal is a business and channel development consultant, trainer, internet marketer and professional photographer. He operates BizFare Enterprise Inc, providing business development, marketing, and internet marketing services. Bizfare Enterprise also operates a number of secure on-line shopping sites.

____________________________

12.74%

Jacksons from Yesterday:

Name/			%
Ticker	29-Jun	30-Jun	Change
ANDE	$      29.91	$      29.94	0.10%
EGO	9.45	8.95	-5.29%
GDX	39.15	37.82	-3.41%
GLD	92.04	91.18	-0.93%
IAG	10.30	10.12	-1.75%
MON	75.93	74.34	-2.09%
NRP	21.02	21.01	-0.05%
PAAS	18.55	18.33	-1.19%
RGLD	42.97	41.69	-2.98%
SLV	13.66	13.38	-2.05%
SLW	8.52	8.24	-3.29%
SSRI	19.16	18.75	-2.14%
TBT	50.65	50.92	0.53%
TC	10.57	10.22	-3.31%
TCK	16.06	15.94	-0.75%
TZA	22.52	22.75	1.02%
AVG (daily)			-1.72%
AVG (monthly)			-6.98%

 

AVG (inception)

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So they gave Bernie 150 years in the slam. Sounds like a big deal, but I bet he doesn’t do 12… this side of the daisies, at least. Hey fugheddaboudit, he might even escape the above elaborate costume by becoming the “prison accountant” and doing Bubbah’s taxes every year. Can you see it?

Bubbalah, I have news! Yoah tax refund estimates out at 16 cahtons of Marlboro Reds and a case of Mint Jelly Spam. No, dahling, it is no trouble.  You just pay me my “dahposit” of five cartons, and we can get the ball rolling on this new “thing” right away!

He should be fine.

But enough about old Bernie.  Let’s face it, he’s getting what he deserves, and that’s what we’re all about on the Jacksonian Plan too.   Right now, it looks like the market is taking its time taking a decision.   Will she run up to the top of the hill at 960 again, or jump off the cliff righ here at 926-ish, and end it all, emo lemming style?   I admit I don’t know, as today was a veritable “stick in the mud” despite the drop in the dollar and the increase in oil prices.

Earnings are still coming out favourably (sic) in some industries, including health care and selected technologies.  Aging pension filler behemoths like Johnson & Johnson Johnson & Johnson [[JNJ]] , Amgen, Inc. [[AMGN]]  , Merck & Co., Inc. Merck & Co., Inc. Merck & Co., Inc. Merck & Co., Inc. [[MRK]] and even good old staple stock Pfizer Inc. [[PFE]] are starting to look like they’ves got some gusto here, and the Jackson’s seem like they want to go into hibernation.  

That doesn’t mean there’s not money to be made, however, and on top of the Jacksons I’ll be watching these nutty juniors like Allied Nevada Gold Corp. [[ANV]] and Rubicon Minerals Corp. (USA) [[RBY]] , and some key techs that The PPT has been alerting me to.   Two I purchased today were Fly’s current hot pick [[ARMH]] and perennial PPT favourite (sic) [[BIOS]] at $6.02 and $5.83 respectively.  I am also waiting on an entry for TEKELEC [[TKLC]] , perhaps tomorrow.  

In the meantime, the only Jackson that I think looks appetizing here is [[TBT]] , as I think it’s getting very cheap again.   I continue to monitor the silvers closely, however, as they’ve been volatile lately.  That said, the spot price of silver is back above $14 tonight, and gold is back over $940 again.   Good signs.

 I promise to make myself more available tomorrow, and keep you updated on the purchases and sales, if any.   Good night for now.

Name/			%
Ticker	26-Jun	29-Jun	Change		Comments
ANDE	$      30.23	$      29.91	-1.06%		Low volume pullback.  Keeping an eye.
EGO	9.40	9.45	0.53%		Plateauing.
GDX	39.20	39.15	-0.13%		Hanging on the 20-day
GLD	92.29	92.04	-0.27%		POG over $940 now.
IAG	10.48	10.30	-1.72%		Low volume pullback.
MON	75.25	76.20	1.26%		Still a lot of work to do.
NRP	20.82	21.02	0.96%		Watch for break of bear flag here.
PAAS	19.08	18.55	-2.78%		Turned away at the 200 & 50 day
RGLD	42.07	42.97	2.14%		Low volume retrace, not trusting.
SLV	13.90	13.66	-1.73%		POS back above $14 this evening.
SLW	8.72	8.52	-2.29%		Between the 50 and 200 day EMA.
SSRI	19.52	19.16	-1.84%		Same as SLW
TBT	50.84	50.65	-0.38%		Very slight pullback… looking to add again
TC	10.44	10.57	1.25%		4th upday, on light volume
TCK	16.56	16.06	-3.02%		Low vol, still above 20, 50, and 200.
TZA	22.50	22.52	0.09%		Flat on low volume. Do or die, here.
AVG (daily)			-0.56%
AVG (monthly)			-6.96%
AVG (inception)			14.80%

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