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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I only have one daughter, and she’s something special. Today’s her ninth birthday and may I live to see many more. As I say, she’s something special, and she’s either going to drive me to an early grave or make me proud beyond all measure.

Or both.

Developing….
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As for the market, I’ve got some updates on the Jacksonians. I’ve decided, that — market precluding — I’m going to start giving updates only on a weekly basis. Two reasons for that.  One, it strikes me that you all are not ridiculously fired up to get a daily update, and two, it being somewhat of a pain in the ass to do daily, AND it being a long term portfolio, it’s better for us all if I just throw the chart out there once a week.   As you can see, I’ve done that below. 

I will continue to mention Jacksonians that “need to be bought” throughout the week, just as I hammered on [[TC]]  and Teck Cominco Limited (USA) [[TCK]] this week.    I just won’t be plotting their every move.   It grows wearisome, and the feedback hasn’t been overwhelming.    Any of you who have specific questions, please feel free to ask in the comment section.

Some ideas for the upcoming week… two longs and a short.  First the longs, as I believe we may be in an upward spiral here to at least 1010 on the S&P 500.  [[CNXT]] is a crazy little tech play that’s been showing as much promise as Amkor Technology, Inc. [[AMKR]] (a play I am already in).   I really like the recent moves, and think a cautious player should feel good about entering over $1.50.  The chart tells the story:

I also like coal and gas fired electricity producer Mirant Corporation [[MIR]] here. I made a ton of money on this company’s preferred’s back when it was in, and coming out of bankruptcy, and now that it’s out, it’s generationg asset heavy mix has started to perk up the acquisition minded utility market again. Whether this sucker ever gets bought out, it’s a perpetual bridesmaid and I believe it will gain traction in this coming cycle. The chart shows that interest moving:

Last my short possibility.  Now, don’t go crazy with this, as I think it may take a little time to develop.  Deckers Outdoor Corporation [[DECK]] crapped the bed last Friday on some bad analyst talk.  Whether it will continue to break down will be the tale of the chart.  As you can see, I’ve marked where I think it’s safe to start shorting this ugly booted mother.   I’ve had some success in this one in the past, and if you believe, like me, that retail will lead the way down this Fall, then this is a nice one to keep an eye on.  Be cautious, however, and pay attention to the markers as indicated:

Last the Jacksons, and their moves from last week, which are mostly glorious. I have reduced cash somewhat in rebuying more Monsanto Company [[MON]] and Thompson Creek Metals Company, Inc. [[TC]] and may deploy some more, especially as I have taken off the [[TZA]] hedge play. Until next time, ciao.
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Name/		%		%		Portfolio	Portfolio
Ticker	17-Jul	Change	24-Jul	Change		Value	Impact		Comments
ANDE	$            28.47		$       30.99	8.85%		$        9,357	0.50%		Will be breaking new ground over $32.
EGO	9.21		9.27	0.65%		$        8,686	0.03%		Bouncing off 20 day (9.05)
GDX	38.64		39.90	3.26%		$      12,076	0.24%		Consolidation range pullback
GLD	91.93		93.41	1.61%		$      10,743	0.10%		Break of $94 important
IAG	10.22		11.11	8.71%		$      13,699	0.72%		Best long term hold in the PM’s
MON	75.41		84.16	11.60%		$      13,352	0.93%		Back over 200 day looking good again
NRP	23.12		23.00	-0.52%		$        4,774	-0.01%		Above all MA’s and looking strong again
PAAS	19.24		19.68	2.29%		$      11,820	0.16%		Expect a pullback, but buy there ($19)
RGLD	40.67		41.78	2.73%		$      11,545	0.19%		Above all MA’s and looking strong again
SLV	13.17		13.66	3.72%		$      11,097	0.25%		$14.60 next target
SLW	8.48		9.23	8.84%		$        8,965	0.48%		200 day strong support @ 8.40
SSRI	19.15		20.08	4.86%		$      11,681	0.34%		Over evern MA and looking for more
TBT	53.56		53.19	-0.69%		$      10,596	-0.04%		Looking to make a move again
TC	12.36		14.75	19.34%		$      12,141	1.41%		A thing of beauty, get ready for pullback
TCK	21.06		24.49	16.29%		$      16,283	1.59%		A thing of beauty, get ready for pullback
TZA	–		–	0.00%		$              –	0.00%		Sold out remainder @ $18.26 this week
Cash (000)	$          16.89		$     16.89	0.01%		$    16,891	0.00%		Reduced by MON and TC purchases
AVG (weekly)				5.38%		$  183,706	6.87%
AVG (monthly)				3.00%		Actual
AVG (inception)				20.86%		Return	22.47%

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I figured I’d take some time off from battling economic illiterates and Stockholm-Syndromed left wing Canadians on nature of government bureaucracies to comment on the market. 

The only thing I can say is:  maybe I should do more political blog posts, as it seems to act like Miracle-Gro on my portfolio garden.   And no one is more an example of that than the Ag King Monsanto Company [[MON]] who is kicking down doors and stealing third world children for medical experiments with quite the profitable panache these days.  (Sorry that last was from an E.L.F. brochure I picked up at an Al Gore hedge fund meeting yesterday).  

As a result of today’s ridiculous meltup, [[TZA]] hit my final stop which was $18.30, though my “eggsellent” trading service didn’t sell it for another four pennies.  I will have words for them, believe me.   I always have words.

I also took the opportunity to grab another 100 shares of MON for the Jacksons today at the 10 am price ($81.09), which will get my position size back in line with its former numbers.  Yes, I am buying it higher than where I sold, but what the hell, I didn’t sell it on my “real” portfolio and that should be a lesson to me.  Here I am trying to be more conservative with the Jacksons and all I’m doing is costing you money.   I will try to be more clingy for you in future.

Also at 10 am, I added another $5,000 worth of Thompson Creek Metals Company, Inc. [[TC]] at $14.13 (354 more shares), which will also bring that position back in line with original numbers. I still like Teck Cominco Limited (USA) [[TCK]] here, but am still waiting for a pullback, which has become a wearying excercise. I also like Titanium Metals Corporation [[TIE]] and am adding here at $8.20 to my personal portfolio. Mechel OAO (ADR) [[MTL]] I have mentioned and bot a small amount earlier this month. It is “BTFO” today.

On the PM front, I like Eldorado Gold Corporation (USA) [[EGO]] here, if for only for the fact that it’s lagging, and that I think it will catch up with the crowd. On the fast moving fronts, the silvers are off the blocks again and sprinting ahead. I like Silver Wheaton Corp. (USA) [[SLW]] here, a lot. On the non Jackson front, the juniors are not exactly kicking as much arse as I would expect, but I continue to like their prospects over the majors. All the N’s are good Northgate Minerals Corporation (USA) [[NXG]] , NovaGold Resources Inc. (USA) [[NG]] and New Gold Inc. (USA) [[NGD]] as well as [[EXK]] , [[BAA]] and Allied Nevada Gold Corp. [[ANV]] . Also keep an eye on Nevsun Resources (USA) [[NSU]] and Ivanhoe Mines Ltd. (USA) [[IVN]] . Last of the list, Golden Star Resources Ltd. (USA) [[GSS]] looks nice now, but will look really good on a break of $2.50. As always proceed at your own risk on these little pocket rockets.

I would be remiss if I were to ignore the relative beating the Obama Machine is taking in the polls on this healthcare initiative, and the effect it is having on the prospects of the horrendous bill (mentioned in last post) getting through Congress. I think the alleveation of that impending government blanket on our economy is what’s causing this meltup. That said, the euphoria could be temporary, especially if the Messiah Road Show gets any traction. If last night’s Ramble-a-thon is any indication, I think we’re moving closer to safe ground.

The big insurers are also taking some heart today, with Humana Inc. [[HUM]] , CIGNA Corporation [[CI]] , UnitedHealth Group Inc. [[UNH]] and Aetna Inc. [[AET]] all showing solid gains. I will not buy a one of them, however, until I know Obamacare is dead, and then I might only grab some Almost Family, Inc. [[AFAM]] when I know its safe. Let’s face it, health insurance companies are going to be under the gun for years to come here, and until Congress gets its hand out of their pockets, they’ll struggle within their regulatory environment. You are better off sticking with the inflationary names for now.

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UPDATE: I forgot to mention Consolidated Water Co. Ltd. [[CWCO]] which I am buying here at 16.45 (1k shares, starter). One of the miracles of St. Thug. (Salt water into potable)

UPDATE:  Just bot 1k more The Andersons, Inc. [[ANDE]] for the personal portfolio @ $31.09.

UPDATE:  Just bot 2k more  [[BIOS]] for the personal portfolio @ $6.32.

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So why do you insist on fighting him?   Listen, hippy — you can disparage Monsanto Company [[MON]] all you like, but the fact is, that like the other chemical company everyone loves to hate The Dow Chemical Company [[DOW]] (or was it E.I. du Pont de Nemours & Company E.I. du Pont de Nemours & Company [[DD]] , I can remember?), Monstrous Santa brings good things to life, up to and including radioactive carrots as big as your thighs.

No, no, that last was just a sop to the active imaginations of the Luddite Hippy Masses (“LHM’s”) who think that unless you are breaking ground with a sharpened stick and planting only hand gathered (never plucked!  never, never plucked!) acorns in erratic rows, you are insulting “Mother Gaiea” and any manner of other animistic woodland nymphs and faerie (sic) creatures.

Fact is Monsanto is going to feed the world, and the world is going to thank them for it.   Everyone except the LHM patchouli smoking minority and Luddite millionaires like Paul Ehrlich of course, who — along with propagandists Al Gore and  Howard Zinn — makes money off of predicting world wide catastrophes that they can blame on our globe’s foolish lack of proper Marxist ideology.   No, these guys would rather the people of the Amazon basin continue a slash and burn stone age agrarian methodologies, as long as that means they don’t become part of the “problem”  —  i.e, enrolled members of the First World.  

The Euros hate Monsanto too, but for another reason.   Their agricultural protectionism makes ours look like the open bazaar in downtown Marakesch (sic).  They don’t want seeds from anywhere else but European soil, because, damnit, other countries’ seeds might actually push those lederhosen-wearing cough-drop suckers into the second half of the 20th century, four-cycle tractor engines and all.

But there’s a reason this seemingly high beta outlier lives in the stronghold that is the Jacksonian Portfolio, and that’s that feeding people will become an ever more dominating issue in this world of destroyed capital and increased liquidity.  Monstrous Santa has the intellectual property keys to solving that issue, and, barring a late hour nationalization as part of the Obamacare bill, their shareholders will benefit from that IP for years and years to come.

I’m not including the Jacksonian update from yesterday today, as I am too damn busy reading obscure legal documentia (sic) from third rate mouthpieces, and I’ve got other shit to do today as well, not the least being egregious “Continuing Ed” dealing with subject matters with which I will never in a million years have interactioin.   Gotta love bureaucracy, even in the private sector it assails me.

Know that Teck Cominco Limited (USA) [[TCK]] should be considered on this pullback, as should all the gold and silvers pulling back today.   Thompson Creek Metals Company, Inc. [[TC]] continues to be a monster, and it’s a Jackson full throttle again.  Ag-homey The Andersons, Inc. [[ANDE]] also stirs again, with its sister Monsanto.  Eldorado Gold Corporation (USA) [[EGO]] holds serve on the PM front, and I like Allied Nevada Gold Corp. [[ANV]] , Rubicon Minerals Corp. (USA) [[RBY]] and [[BAA]] here as well. 

Out for most of the rest of the day, be well.   And always remember:

__________

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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%

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I think there’s some good news in the commodity sector.  I still don’t trust the silvers yet (under 200 day MA’s still)though I’m holding every last one.   I like Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] here a lot.   Monsanto Company [[MON]] is still sick, but [[TBT]] may be a purchase tomorrow as well.

I’ve been running myself ragged here, so the joozy picks will have to wait for tomorrow, but I’ve some nice looking juniors– NovaGold Resources Inc. (USA) [[NG]] , Northgate Minerals Corporation (USA) [[NXG]] , New Gold Inc. (USA) [[NGD]] and [[BAA]] — that I think will be worth your while.   [[BIOS]] should also be bot with all due prejudice. 

Let’s see what Intel Corporation [[INTC]] does for us here, too tomorrow.   But the best news would be for the Obamarxist’s socialized medicine plan to get shot down.  The Obamanists  say they’ll do it even without any GOP votes at all — which is hubris beyond all understanding, and political risk,  if one is a thinking prudent Dem.   I just don’t see that happening on such a third rail issue as the destruction of our innovative and life-saving  modern health care system.   They haven’t all swallowed the kool-aid down in Jonestown yet.

So there’s hope, which may give a boost to this market that means more than fat tech earnings.   More talk of juniors and such tomorrow.  Jacksons commentary below.   Best to you all.

Name/			%	Portfolio	Portfolio
Ticker	13-Jul	14-Jul	Change	Value	Impact		Comments
ANDE	$        27.37	$     27.97	2.19%	$        8,445.05	0.11%		Got an oversold rebound
EGO	8.47	8.71	2.83%	8,161.27	0.14%		Closed just above 20&50 day (8.69)
GDX	35.93	36.76	2.31%	11,125.91	0.15%		$HUI Bounce trade working nicely here
GLD	90.19	90.81	0.69%	10,443.93	0.04%		approaching 20 day @ $91.11
IAG	9.32	9.65	3.54%	11,898.89	0.25%		Closed over 50 day ($9.61)
MON	73.55	74.70	1.56%	4,381.23	0.04%		Held over $70, approaching 20 day ($75.61)
NRP	21.37	21.34	-0.14%	4,429.22	0.00%		Back over 20 day, 50 day @ 21.95
PAAS	17.99	18.24	1.39%	10,954.95	0.09%		Needs to get over $19 to break DT
RGLD	39.32	39.54	0.56%	10,925.67	0.04%		Still under 200 day @ 39.68
SLV	12.66	12.72	0.46%	10,331.44	0.03%		Still bouncing off 200 wk MA,  as noted
SLW	7.68	7.88	2.60%	7,654.13	0.12%		Still well under all MA’s
SSRI	17.73	17.93	1.13%	10,430.48	0.07%		In consolidation zone, below all MA’s
TBT	49.02	50.63	3.28%	10,085.66	0.20%		Breaking downtrend today, may get more
TC	10.20	10.72	5.10%	5,028.86	0.15%		Launching again, may be back in tomorrow
TCK	16.47	17.15	4.13%	11,402.93	0.28%		Above all the MA’s again, looks good
TZA	24.45	23.99	-1.88%	4,832.81	-0.05%		Fading, but holding hedge
Cash (000)	$         0.03	$    26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)			1.75%	$ 166,953.22	1.66%
AVG (monthly)			-1.00%	Actual
AVG (inception)			11.22%	Return	11.30%

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