Ho hum, another glorious day in the world of General Jackson, loather of all that is bankish.  The precious metal picks continue to rip higher with very little rest in between growth spurts.   Soon I shall have to confine them to their rooms.

And yes, our MONstrous friend continues to vex, but I’m happy about my Alex Karras  (MONGO call) purchases today, and shall contrive to buy more upon additional weakness.   Five down days in a row for MON is quite unusual, and as you can see from yesterday’s chart, such stretching of the rubber band often leads to a quick snap back, where I am prepared to harvest my MONGO wins.   We shall see.

TBT also finally retreated, to the great relief of my increasingly expensive sold calls.   This retreat may be a good thing, all things considered, as it takes some pressure off  the “total collapse” scenario which could take other pieces of our worthy Jacksonian Portfolio with it, in thoughtless abandon.

But we’re here tonight to attend to some unfinished business — specifically the long delayed admission of [[EGO]] into the Jacksonian Core Holdings Portfolio.   It narrowly beat out it’s more elder candidates [[GG]] and [[AUY]] who remain readying in the Triple A leagues, batting for huge average whilst simultaneously stomping on Treasury officials of the twisted moustaches (sic) variety.

I’ve owned EGO for a while (as I have GG and AUY), and it’s been a PPT favorite for quite some time.  However, I wanted it to show the same “imminent breakout” characteristics that my other JCHP picks had before I added it to that worthy fold.   I believe today that sign came.  

 As much as I hate to roll out a pick on a large gaining day (7.28%!), I would feel remiss to hide this one’s light under a bushel any longer.  If you look at EGO’s daily chart, I think you’ll see why:

And the weekly chart shows an even lengthier breakout from a long term consolidation zone.  

 

Today’s move was significant, and while we will have to monitor it’s continuation (as it may break below the breakout area again), I think we’re going north from here.     So let us raise a toast to our new Jacksonian, which I hope will make EGO-maniacs of us all.     Best to you all.

Caveat: If you insist on following the Jacksonian path into EGO, it’s dollars to doughnuts you’ll be trapped on the N-train to Atlantic Avenue with three unemployed psych majors who will ply you with the failed dreams of a liberal arts major until you fork a sawbuck at them.   And you might lose other moneys as well.

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	28-May	% Change
ANDE	$    24.43	-0.65%
EGO	9.78	7.24%
GDX	43.01	4.34%
GLD	94.24	0.85%
IAG	10.88	4.11%
MON	79.00	-1.10%
NRP	22.98	0.22%
PAAS	23.14	5.71%
RGLD	45.90	4.22%
SLV	14.93	2.40%
SLW	9.95	5.85%
SSRI	23.21	11.75%
TBT	55.77	-2.40%
TC	8.99	3.21%
TSO	17.00	0.53%
Avg %		3.31%

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General Jackson Takes on Timmah Geithner and the Members of the First Federal Reserve Expeditionary Forces

I will be purchasing some Mongo’s (July 75 MON calls) after I finish this up, but first I wanted to trill the trumpet a bit on the key metals component of the Jacksonian Core.   That SSRI additional purchase two days back well below $21 is proving fortuitous as that Jacksonian worthy is pushing 11%  up today and over $23 per share upon most recent check.

In addition, the other JCHP silvers [[SLW]], [[PAAS]] are all above 5%, and tiny [[EXK]] has — as predicted — jumped back to it’s downtrend line again at $2.10 (to my chagrin, I wasn’t quick enough to get more this morning).   Again, I think it will be safer to purchase EXK when it’s well past the downtrend line, and perhaps after a retouch of that $2.10 barrier.   These minors can move quite quickly.  

Keep in mind also that [[AGQ]] is the double silver ETF that I recommended back at the $43 mark.   I continue to add to it on pullbacks.

On other fronts, it looks like our ever-so-brief retrace is about done, and we are ready to commence with this summer’s precious metal bull.    Enjoy the sun, friends.

Caveat:  If you purchase the JCHP holdings, it’s quite likely the Ghost Of General Jackson will visit the foot of your bed every fortnight, and lecture you windily about states rights and other such ephemera.    You may also lose risk capital in such an adventure.

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Update:  I bot 20 MONGO’s at $7.60.   Will likely add to this position.

Update:  I bot another 20 MONGO’s at $7.80.   Mongo LIKE Sherriff!

CDE breaking out @ $14.45 (I already have a small position).

Update:  I bot another 5,000 EXK at $2.11.   (See Caveat above)  

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Update:  Jacksonian Spokesman LL Cool J with a special message from SSRI:

[youtube:http://www.youtube.com/watch?v=-7l250E5uM4 450 300]

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Not to be disparaging, but I’ve felt I’ve spent the week with a squadron of flying goats.   There you are flitting from tree to tree looking for the best green shoots, ears up and horns out,  “baaaaahhhing” it up to beat the band.   

Chips stocks!  Cancer stocks!  Lenny Dykstra Car Wash franchise stocks!  Get ’em while they’re hot from the chute!

But why must you make your lives so difficult?  There’s no reason to search for rare buds in the top branches of the acacia tree when there’s plenty of bull grass right here on the ground.   Come down from there and take a look at the freshly scythed alfalfa I have gathered for you, my yellow-eyed friends. 

Remember our weekly $HUI chart from last week?

Well, look what’s happened this week…. Pop!

Can anything be more promising than that little green bud out of the consolidation zone?    And yes, we’re a little overbought here, and should be coming into some more resistance around 400 or so, but we should welcome that opportunity.  

After all my boy, it is a bull market — and maybe the only one you’ll see for years to come.  So relax some, take a load off, and get your nets ready.   It’s almost harvest time again.

This week’s Jackson Core Holdings Portfolio results were very pleasing, especially as measured against the indexes.   So have some nice goat cheese this weekend, and maybe try to pause a second whilst hoisting that relaxing beverage to remember those who have served, and especially those who have fallen in order that you could enjoy this great country.    Be well.

Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
ANDE	$    21.50	$      21.31	-0.88%	$    23.34	9.53%
GDX	37.46	37.65	0.51%	42.05	11.69%
GLD	89.98	91.55	1.74%	94.45	3.17%
IAG	9.92	9.83	-0.91%	10.86	10.48%
MON	86.42	89.95	4.08%	86.61	-3.71%
NRP	23.39	21.29	-8.98%	22.21	4.32%
PAAS	19.35	18.66	-3.57%	21.42	14.79%
RGLD	39.90	39.97	0.18%	44.26	10.73%
SLV	13.79	13.77	-0.15%	14.50	5.30%
SLW	8.91	8.58	-3.70%	9.34	8.86%
SSRI	20.06	19.06	-4.99%	21.73	14.01%
TBT	52.24	49.13	-5.95%	53.57	9.04%
TC	7.98	7.65	-4.14%	8.64	12.94%
TSO	16.72	16.60	-0.72%	16.23	-2.23%
		AVG	-1.96%		7.78%
Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
SPY	$    92.98	$      88.71	-4.59%	$    89.02	0.35%
QQQQ	34.23	33.37	-2.51%	33.54	0.51%
DIA	85.47	82.78	-3.15%	82.87	0.11%
NDX	1,394.16	1,355.11	-2.80%	1,363.17	0.59%
RUT	511.82	475.84	-7.03%	477.62	0.37%
		AVG	-4.02%		0.39%

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Naw, it’s not that bad, yet,  but Detroit is getting there.   Let’s see what a couple of years of a U.A.W. -driven Chrysler do to it.

But let’s put all that aside and talk about the invisibility of this gold bull, shall we?  I mean, my astute buddies over in the estimable PPT — that Powerful Profit Taj– (have you signed up yet??)… even those gentlemen seem to be walking around that trading room like zombies in the Night of the Living Dead, completely oblivious to the blooming precious metal bull that is erupting around them.  

 Why, just today, one of our estimable patrons sold our featured “pocket rocket” junior miner (see below) as if it were one of CA’s 30 second Viagra Vehicles.   Let me tell you, I was aghast!  Mortified!

But let me assure you, Jacksonians, this odd behaviour (sic) only inures to our collective benefit.   The longer the general public (and let me make clear that the PPT community is NOT the “General Public,” they are at least “English Beat” or barring that “Fine Young Cannibals”– ) remains ignorant of the stealth bull in the precious metal miners, the better it is for our accumulation purposes.   

For, my friends  (come, gather close so I may whisper it to you) — we shall be as the most miserable pinch penny miser on Ebenezer Scrooge’s third shift staff, sparingly sifting our gold and silver specie into dark musty lock boxes while others pass the punch with knowing glee and manly aplomb.  Let them have their japes and their ales and their merry tunes played upon a three stringed fiddle, for we shall act quietly here below, rebuilding the foundation of a hackneyed and eroding financial system for our children and their’s.   It is weary work, but God smiles upon us, and there shall be reward.

That said, I dont’ have much time to dwell on the blindness of the common man, so let’s take a quick look at what they’re missing. 

Remember this chart of the AMEX Gold Bugs Index from a week or so back?

Pretty nice looking chart, no?  Maybe some of you got long after looking at it?  Maybe some of you ran out and bought some gold stocks the next day, too.   (Heh) 

 Let’s see if that was the smart thing to do, from the perspective of a week later:

Well peel me naked and slather me with mornay sauce, whaddaya know?  A breakout just like we expected.   And look at all that free air we’ve got to go.   Hmmmm…  and what was  in that Index again?  Oh yeah, a lot of juicy big cap gold and silver stocks.   

Think maybe that break into the free zone will have some effect on our junior miners?   Heck, let’s see:

 

 This is your golden burrito for tomorrow and for the summer, my friends.  We shall share recipes for further tasty treats as time allows, but for now, know that outside the Jacksonian Core*, I am also purchasing and/or considering the purchase of the following precious metal mining hardies:  [[GG]], [[EGO]], [[AUY]], [[EXK]], [[NGD]], [[NXG]], [[NG]] and of course [[AGQ]].    

Keep in mind also, that there was a pretty bearish candle on the TLT today, boys and girls.  If that bond group and the Ten-Year Starting breaking down, it’ll likely be sayonora for the large part of this market.   Except maybe one part.

Caveat:  If you follow me into the purchase of any of the above named precious metal plays, your children will be stolen by Hobgoblins and traded to dwarves for shiny strips of tin foil and moldy bacon. 

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 ANDE — $22.20  (-2.42%)

GDX — $41.24 (+1.90%)

GLD — $93.85  (+1.73)

IAG – $10.23 (+0..69%) 

PAAS — $21.19 (+0.95%)

RGLD – $44.90 (+4.98%)

SLV — $14.34  (+1.69%)

SLW — $9.41  (-0.53%)

SSRI — $22.17  (+0.77%)

TBT — $52.43 (+4.96%)

TC — $8.46 (-7.44%)

TSO — $16.53 (-4.40%)

Daily Average: –0.25%

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UPDATE: I sold the calls on TBT again, here @ $53.58.   I think TBT is a bit parabolic here, and TLT looks like it’s ready to bounce.

See caveats above.

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Why now this crying, this cringing, this fear?

What ‘ports of market disaster come near?

Come,  there’s no trembling, no reason to hide.

For this day, Brave ‘Drew Jackson, the Dude, will abide.  

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Have you good silver and gold in supply?

Use you green paper instead for your chai?

Best keep this warning in back of your mind,

Fed Notes like those will soon buff your behind!

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Silver Wheaton, Pan American and S-S-R-I

With bright silver trumpets the thieves they descry!

And their fellows in golden and anthracite hue,

(Gold, Royal Gold, NRP name this crew)

Like friends made in foxholes– they will always stay true.

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And in our travels, let’s not forget “farmer’s friend:”

Stout “Mr. Anderson” forges an uprising trend.

And those thinking  now of their grandkiddies needs,

Must never disdain Sir Monsanto’s brave seeds.

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“Molybdenum’s” fun just to say, if you ask me,

But “TC” is  the name of the stock that will task me. 

Especially when earl and gas spreads ‘come dear,

And Tesoro’s my ‘folios’ sole quit-claiming cheer.

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What’s left to us then, in the Jacksonian Core?

But to brandish the bane of that Great Federal Whore?

Yes Ben Bernake, I speak now to thee…

And like a cross to a vampire, hold high TBT!

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 ANDE — $22.75  (+0.57%)

GDX — $40.47 (+5.31%)

GLD — $92.25  (+1.42)

IAG – $10.16 (+2.83%) 

MON — $91.83 (+2.49)

 

NRP — $23.37 (+3.41%)

PAAS — $20.99 (+6.33%)

RGLD – $42.77 (+5.19%)

SLV — $14.10  (+0.86%)

SLW — $9.46  (+3.61%)

SSRI — $22.00  (+5.47%)

TBT — $49.95  (-2.14%)

TC — $9.14 (+1.56%)

TSO — $17.29 (+0.41%)

Daily Average:  +2.69 %

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One of these days I’ll shut the hell up about moving you into real money assets as quickly as your penny stock-spindling portfolio will allow.

But that day is not this day.   Not when the latest news clacking over the Jesse Livermore-era news ticker  in my offices reveals how Kommandant Barack is now going to nationalize GM — but “only temporarily.”   Turns out Dear Leader wants just enough time for Rahm Emmanual and Lanny Davis to wheel that aging aerophin-appended Caddy into his airplane hangar chop shop so to whack it up for distribution to loyal U.A.W. gummint cheese recipients.  

Tanks you veddy much, Kommandant, and dont’ forget to save the steering wheel, the white wall tires and the chrome ashtrays for the bond holders!    I said leave those white wall tires, you! 

So if the good fellahs in charge of everything  — and damn, they really seem like they are in charge of everything these days, don’t they? — are that cavalier about the big buck bondholders (some of whom were stupid enough to give them campaign money just months ago) , doesn’t that make you just a wee bit nervous about how well they are going to treat that other little U.S. bond obligation: The Federal Reserve Note?

So have fun, and be a silly piebald carnival piker if you’re so compelled.   By all means, stuff yourself into the clown car with all the other PPT nutjobs .  Throw some funny money at chip stocks that have been moribund since Bill Gates was still a virgin, if you feel that exercise will further your spiritual growth.   Go nuts. 

Hell, you’ll probably find me in that same Yugo  from time to time, playing Parcheesi with Ragin Cajun  whilst simultaneously sword fighting  The Chart Addict.    I’m human, after all, and enjoy an OTB rocket ride for greasy coin and bed bugged comfort as much as the next guy. 

Just don’t get too homey in that clown car, Homey.  Five will get you ten it will soon be remandered by the EPA for egregious CAFE standard violations, environmentally malevolant tailpipe emanations,  and toxic silly string abuse.    Then it’ll be medical experiments for the lot of us.

Well, not those who have been prudent about tendering some savings to the Jacksonian Core Holding Portfolio, whose hard money and hard asset plays will serve to keep some of us cosy with hot buttered rums and chedder toasties , whilst the OTB pikers scrape at our doors.  No luck for them I’m afraid.   They shall be turned out with a stern warning from Cuddy, our trusty footman.

But Cuddy welcomes the purchase of silver this day, as the Three Musketeers SSRI,  PAAS and  SLW scored again, with wins of 7.64%, 5.39% and 3.75%, respectively.   Do you get the feeling the market is trying to tell you something, Jacksonians?  

Beating even silver today was coveted (but not precious) metal molybdenum, as  JCHP member TC rang the bell with gains of 9.36% today.   All in all, the Portfolio only had two slight losses, and both in the red hot agricultural sector.  I expect MON (-0.69) and ANDE’s (-1.09)  small losses to be more like rests than ultimate pullbacks.   Still, this is why we’ve diversified even within this stable grouping, up 2.85% for the day.   Now quickly, onto our daily review:

ANDE — $22.62  (-1.09%)

GDX — $38.43 (+2.51%)

GLD — $90.96 (+0.66)

IAG – $9.88 (+1.23%) 

PAAS — $19.74 (+5.39%)

RGLD – $40.66 (+2.16%)

SLV — $13.98  (+2.95%)

SLW — $9.13  (+3.75%)

SSRI — $20.86  (+7.64%)

TBT — $51.04 (+1.07%)

TC — $9.00 (+9.36%)

TSO — $17.22 (+3.11%)

Daily Average:  +2.85 %

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