That speech just put me in a such a bad mood that I’m having trouble even waxing semi-jovial.

So I figured I’d prop another feed.   Brian over at Alphatrends sent me a little gift tonight.  A little Jacksonian video hagiography.

Okay, so it wasn’t just for me, but he sure did cover a lot of the stuff I was going to talk about tonight, including pullbacks and patience on many of our favorite stocks.   He even highlights [[CDE]] !

I guess I could talk about the awful speech tonight, but you know… life is just too short.  If you saw it, you saw how very far from the promise of “uniter” this far left freak really has come.   He’s a flaming bowling ball on the body politic, plain and simple.

And anyone who didn’t see this coming when they elected this dangerous individual, well…. shame on them.

Jake out.

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Consolidation watch addendum:  Jackson’s backed up 70 basis points tonight.  IAMGOLD Corporation (USA) [[IAG]] looks tastiest. Also, keep an eye on fast mover Parallel Petroleum Corporation [[PLLL]] .

One last thing… The PPT was absolutely off the hook again today.  That place is seriously becoming a true melding of astute minds.   The engine and research aside, the community we have built there is “for the win.”   It’s like the freaking Borg of the stock world, except we are assimilating your money and discarding your biology.

Best.

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No, no!  Not Obamacare!  Not yet, at least… not if these “scary mobs” have anything to say about it , at least.

No, I was just talking about my vacation next week, when I will be away from the office and away from this blog for quite a bit.   So much so that I have decided to hire on a Vacation Blogger to deal with you all during the week I’m gone.

I’m putting him/her through his/her paces now, so we shall see what we shall see.   I have known this person for a long time, and, somewhat like a Jedi Master and his paduan leaner, I believe we have forged a special bond that will result in him carrying on the Jacksonian tradition here with honour (sic).

Oh, and he will also light into any Canuckistanian leftoids with very little prompting.   Which is always good.

That all said, we had a wacky day today in the market, did we not?   Up, up and “bonk” on the [[SPY]] 38.2% retracement line (well, almost), instead of “away.”  

Remember this chart from some weeks back?

Well, let’s look at what it’s grown into — we just hit that second resistance line today!:

Now that’s a ton of money flow moving into this surge, and we still look like we’ve got more room to go.  Don’t be surprised, however, if that resistance line forces a breather here.   I hope I’m wrong, as I’m egregiously long, but I have to expect this second line will act as a similar “rest” area for our raging bull, just as the first one did.

So we have some work to do and a dollar resurgance to fight next week.  Unfortunately, I will not be here to hold your hand for that.   I will be here through most of the weekend however, and will try to get you a Jackonian update  tomorrow, in between packing and other errands.

In the meantime, gird your loins for a week of…. Vacation Blogger!!

Best to you all.

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Today was a bit of a crapola day, no denying, with “Most Favoured (sic) Jacksons” The Andersons, Inc. [[ANDE]] and Teck Cominco Limited (USA) [[TCK]] taking a severe frond thrashing to the buttocks, and most favoured (sic) silver stock Silver Wheaton Corp. (USA) [[SLW]] feeling the pain as well (among others).

However, for balance, my giant Eldorado Gold Corporation (USA) [[EGO]] is breaking the futz out, again!  Since this Jackson has been a laggard for a while, it gives me some hope for the whole group of PM’s in the Jackson Portfolio.  And believe me I need some surcease after being gutshot with a double barrel full of salt-rime this afternoon by my top two reliables and my “reliable laggard” Natural Resource Partners LP [[NRP]] –which I truly am beginning to tire of. 

Fat dividend or not, NRP may soon go the way of Tesoro Corporation [[TSO]] and onto the charnel heap if it does not get its act together soon.  

But on to sweeter things.   Two Jacksons are showing great promise, EGO being one, as mentioned — and look at this bust out chart:

And the weekly show even more clearly the significance of the breakout into the “free air” territory:

Is it overbought?  Sure, a little.   But so was The St. Joe Company [[JOE]] yesterday, and that sucker kept steamrolling today.  Ours not to reason why, Jacksons….

But let me show you one more that may turn out to be the best gold stock in the Jackson Portfolio (I’ve felt that way for a while now).   Look at how IAMGOLD Corporation (USA) [[IAG]] is setting up here.   This may be the one you really want to look at for tomorrow:

As the chart says, a break of $11.51 on volume will tell the tale.   Happy Hunting Jacksons.

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For the Jacksonian Portfolio, I’ve purchased 300 more shares of Teck Cominco Limited (USA) [[TCK]] @ $27.51, using the available cash reserves.   Since the Jackson Portfolio is “paper” only, I wanted to assure you that I am also adding to my personal stash to the tune of 1k more shares at the same price.   I think this baby is a tiger that will not be tamed ovah heah. 

FWIW, everything is “on the table” today, and I am eyeing The Andersons, Inc. [[ANDE]] for a buy if it breaks out over $31.50 again.   All the silvers are incredibly strong, and I may add some Silver Wheaton Corp. (USA) [[SLW]] just for the heck of it.   I am “full up” in the personal port, unfortunately. 

Best to you, today.

Best.

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 [youtube:http://www.youtube.com/watch?v=BqMKK8AoLCw 450 300] 

(Alternate Title: Jake Takes “Insert the Name of Well Meaning if Confused Obamacare Supporter Here”) …

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In case you were wondering about the cast:

Jake = Smirky Yuppy

D’Peez = Confused Hippy

 

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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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