[youtube:http://www.youtube.com/watch?v=grbSQ6O6kbs 450 300] 

The above scene brought to you by Obamacare rationing.  Get used to it.  

Seriously, I hate to go on and on, but this Obamacare bill before Congress right now could be the worst legislation rammed through the Congress since the bad old days when Wilson okay’d the Fed and then got the 16th Amendment passed, essentially giving the Federal Gummint the license to meddle with your pay forever.

   You owe it to yourself to take the painful steps to read at least a couple of pages — just open it up in the middle, anywhere — it’s 100% bad from nave to chaps.

And if you aren’t keyed up enough to get angry for your own families’ sake, then at least feel some empathy for the Canadians that will lose their only available avenue to decent healthcare.

Wake up and do the research, America, before you wreck the greatest health care system and innovation purveyor on the globe.  Follow http://twitter.com/fleckman as well, for all the latest on the Healthcare bill.  I’d send you to his blog, but it’s been literally innundated with visitors and therefore cannot handle the traffic at this point.  His stuff on Twitter has links and downloads that are very helpful, however.

Remember, you are a sovereign citizen.   Take back your country from the authoritarians who would order your life for you, and limit your freedom.   Even if you voted for Obama, you didn’t vote for this.

________________

The Jacksons were off a mere tad today (0.4%) but are still returning a blink under 19% since May.   As mentioned Monsanto Company [[MON]] had a huge day, which promises more in future.   Thompson Creek Metals Company, Inc. [[TC]] was up even more, and don’t act like I haven’t been pounding the table on both it and Teck Cominco Limited (USA) [[TCK]] .   I continue to pound.   You must endeavour (sic) to listen.

More on the juniors that I will be purchasing tomorrow.  Until then…

Best of health to you all.

__________________

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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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Make no mistake, we’re still in the midst of a full out Horatio Nelson-type naval battle, here, with the combined cannonades of inflation and deflation, public & private sector debt, multi-headed “government assistance,” increasing taxation, shrinking consumption and worsening unemployment all being fired in unison at Her Majesty’s Portfolio Cruiser, the H.M.S Winship.

Luckily her sides are reinforced with a near-impenatrable alloy of silver, gold, molybdenum and all the various metallic crap that Teck Cominco Limited (USA) [[TCK]] pulls out of the earth.   For weapons systems, she’s got the finest grain elevator launchers of the fleet, courtesy of  The Andersons, Inc. [[ANDE]] , which are in turn able to switch over to ethanol firing nozzles ready to inebriate the various Treasury pirates swinging off their black ships in boarding party fashion.  It doesn’t take much.

Speaking of those Treasury pirates, Lt. Commander Montgomery Scott himself would trade all his dilithium crystals for a shot at the defense shields provided by [[TBT]] , the “un-Treasuries” which will keep our ship sound and well-tarred in the coming T-Bond puke, courtesy of our trading partners, formerly known as “Barnum’s Finest.”  Looks like I should’ve grabbed a couple more of those on Friday as they bounced right off the pullback, but I was remiss.  Maybe Monday.

In the meantime, I’m feeling increasingly good about the prospects of the overall market (at least short term), and of my gold & silver plays.  Let’s take the latter first:

That monster stick on the weekly off the channel bottom, and through the 50% fib line is giving me the warm and fuzzies.  The outrageously cautious may wish to wait until we break that downtrend line, and guess what?  You’ll still be better off than those who bought at the end of May, early June.  

 Here’s the other reason I really like the sound money plays here:

 

I don’t know about you, but I think the cards are pointing to a less expensive dollar again.  Odd, no?

For my part, I will be collecting more juniors here, including Rubicon Minerals Corp. (USA) [[RBY]] , [[BAA]] , [[EXK]] , Allied Nevada Gold Corp. [[ANV]] , and my new favourite (sic) Sir Walter’s Scott’s knight in shining armor — Ivanhoe Mines Ltd. (USA) [[IVN]] .    Of course all the Jackson’s are great as well, but especially the silvers — Silver Wheaton Corp. (USA) [[SLW]] , Silver Standard Resources Inc. (USA) [[SSRI]] , and [[PAAS]] .

Last, I think it’s imperative to realize why the dollar is getting skunked here.  Part of it is the deficits and debt we’ve already pledged to fund with the help of our suckers, er, trading partners.

 Part of it is a result of the promise of even more ridiculous legislation being rammed through Congress right now by feckless Congresscritters who are not even reading these bills.   Take a look at some of the yeoman’s  work done by retired Marine Peter Fleckenstein on the first 400 pages of the House health care monstrosity.   Really, if you were just thinking that they could get this through without it having any effect on you and your family — well, you’ll see that you’ve had your head in the sand.  

This is nothing less than the largest freedom grab in our country’s history — bar nothing, zero zip.   Try and read Peter’s parsing without getting a chill down your spine.

Last, I’ve included the Jackson Review.   I really should have allocated more cash last week.  I will do so for sure this week, so as not to continue lagging the performance of the straight stocks.

________________________

Name/		%		%		Portfolio	Portfolio
Ticker	16-Jul	Change	17-Jul	Change		Value	Impact		Comments
ANDE	$    29.30		$     28.47	-2.83%		$              8,596	-0.15%		50 day still not out of question ($26.40)
EGO	9.20		9.21	0.11%		$              8,630	0.01%		Could be due for a little more pullback
GDX	38.33		38.64	0.81%		$            11,695	0.06%		Consolidating
GLD	91.98		91.93	-0.05%		$            10,573	0.00%		Over 20 & 50 days, but consolidating
IAG	10.05		10.22	1.69%		$            12,602	0.13%		10.60’s next resistance
MON	75.74		75.41	-0.44%		$              4,423	-0.01%		Pulled back, as expected.
NRP	22.89		23.12	1.00%		$              4,799	0.03%		Overbot, but still strong
PAAS	19.12		19.24	0.63%		$            11,556	0.04%		200 day @ 19.27
RGLD	40.59		40.67	0.20%		$            11,238	0.01%		Still under 20 & 50 day.
SLV	13.09		13.17	0.61%		$            10,699	0.04%		Back over 200 day, but overbot/.
SLW	8.39		8.48	1.07%		$              8,237	0.05%		$8.50 major resistance.
SSRI	18.76		19.15	2.08%		$            11,140	0.14%		Needs back over $19.
TBT	52.00		53.56	3.00%		$            10,669	0.19%		Will likely buy tomorrow on this pullback
TC	11.81		12.36	4.66%		$              5,798	0.16%		Getting ready to crank one out
TCK	20.03		21.06	5.14%		$            14,003	0.43%		JUST BTFO.  Likely consolidate now.
TZA	20.35		20.64	1.44%		$              4,159	0.04%		Prolly get some strength tomorrow
Cash (000)	$  26.42		$   26.42	0.01%		26,420.79	0.00%		Same
AVG (daily)				1.13%		$       175,236	1.17%
AVG (monthly)				4.03%		Actual
AVG (inception)				17.50%		Return	16.82%

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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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 [youtube:http://www.youtube.com/watch?v=pZ3BXixtahg 450 300]

Some weeks back, before the auto industry bankruptcies were effected, an observer objected to Alpha Dawg’s depiction of the Obama Adminstration’s handling of the Chrysler bankruptcy as “fast and loose” with our traditional respect for the rule of law.   The Obama defender said that it was not true that the Administration sought to circumvent traditional protections for senior creditors that have been laid out in corporate law since the beginnings of the industrial age, and that such machinations would not occur.

Well now we know different, and it appears that members within the Administration (as well as certain key Congressional members) have taken it upon themselves to re-order our formal capital infrastructure along lines that are, at least in the short term, more politically expedient for them and their key constituencies in Labor and the Environmental Left. 

The question arises as a matter of linear reasoning — for how long will our “best system” survive such repeated violations of the ground rules?   As with the examples of the ratings of bogus bond agencies or the corrupted evaluations of  compromised underwriters, the credibility and cost of capital does not easily survive an uneven — and worse — arbitrary playing field.   Moreover, when the font of such arbitrary rule is the far less checkable Executive Branch (thanks to the “Imperial Presidency” that’s been on the march since Teddy Roosevelt’s day), we must ask what price capital will demand in order to stay seated in the U.S. casino?

I submit that our government’s increasing propensity to interefere on the “front end” of our private sector malinvestments raises the price of doing business in this country for everyone, from the lowliest pizza franchisee to the largest and most independent of private employers.   As a nation of commerce that must support an increasingly burdensome government debt, the U.S. can ill afford to become as short sighted with the levers of our economy as the typically historically benighted Latin American dictatorship.  

Therefore, the first thing we must insist upon — starting today — is strict adherence to the rule of law in adjudicating the many bankrupticies that are sure to follow those of our recently ill starred auto industry.    I think the only way to do so is to firewall the Executive Branch, and yes, even the Legislative Branch from these crumbling companies.  No more bailouts for cronies or interest groups, no more “temporary” takeovers, and most important, no more use of regulatory or fiscal authority to pit one competitor, employee pool or supply group against another.  If this need be enacted via judicial suit or non-violent protest, it must be our first priority.

The reason is simply that our families’  futures depend upon re-establishing our national credibility as a level playing field for business.   For if there’s one thing I’ve said here before that I’d repeat until I was blue in the face or until every short term thinking government “fix” proponent got it, it is this short slogan:

“CAPITAL IS MOBILE!”

If you think that capital will stand passively by for continual abuse simply because it’s being housed in the heretofore “land of the free”  and home of the “#1 economy”  (never mind “the brave,” we’ll let that one go for now), you do not recognize the power of the global capital markets in assessing risk.  

Believe me, after the embarrassingly thuggish “rescue” effected in the video above, the U.S. auto industry will be subject to that lesson in sudden and exquisite detail for as long as it takes this country to win it’s credibility back.

Don’t hold your breath.  Instead, get out in front of your Congressional advocates.   Let them know you take the reshaping of our legal infrastructure seriously.  And that you will hold them accountable for their silence.

Comments »

I’m a little depressed tonight to find out my own trusty State Department has been harboring two American-born Cuban spies for oh…. THIRTY YEARS now.    And what’s even more depressing is that these Grade 15-level federal bureaucrats were not even gettting paid by Fidel — no, they did it out of love for that “bang-up” job The Beard has doing on his 50-years and running prison paradise down below Key West.

Not enough love for them to actually move there, mind you.

No sir, these two cheerleaders of La Revolucion were perfectly happy to stay in the often-chilly D.C. suburbs and bank their fat U.S. gummint paychecks (your tax dollar at work!) whilst romaticizing the good works of El Jefe down in the Caribbean.  

And sure… it was a nice place to visit and all, but… they wouldn’t want to defect there.  What with the palmetto bugs and all that.

Odd, no?

__________________________

I’m not gonna get all “Chartin’ Charlie” with you tonight over the portfolio.  I told you at the end of last week we were due a pullback, and I’ll be damned if we didn’t get it to the tune of (-2.25%).   Now stop yer cryin’ and start looking to pick some of these wounded suckers up.  Do it slowly, and with measured pace and you should be very pleased by the end of next week.   Or at least “gruntled.”  

Overall port ended up just a tad under 23% since inception, thanks to this week’s downer.  Here’s the rest of it:

Name	5-Jun	% Change		Weekly Chg		Comments
ANDE	$    30.05	6.48%		15.58%		Going to $33 near term.  Scary.
EGO	9.24	-2.94%		-4.64%		Doji’d on the 20-day (9.15). Could be it.
GDX	41.33	-5.01%		-4.79%		$40 is a likely target
GLD	93.71	-2.62%		-2.11%		20-day $93.22.
IAG	10.06	-4.64%		-8.71%		Oversold on the daily, but not weekly.
MON	81.98	-1.11%		0.61%		Meh.
NRP	24.50	1.07%		1.07%		Back above the breakout on the weekly!
PAAS	22.08	-5.20%		-5.60%		Nice pullback on the weekly.
RGLD	44.08	-4.57%		-4.46%		$42 possible.
SLV	15.01	-3.97%		-2.21%		Pullback first in 4 weeks
SLW	10.37	-5.30%		-1.14%		Weekly still a beaut on this one.
SSRI	22.36	-6.72%		-7.98%		Bounced right on the 200 week ($22.27)
TBT	56.94	1.68%		2.56%		Off to the races.
TC	9.92	-1.39%		-0.70%		13-34 week bullish crossover on the weekly
TSO	15.56	-3.11%		-11.14%		Bearish engulfing on the weekly, not good.
AVG		-2.49%		-2.25%

Be well, my friendos.

___________________________________________________________________________________

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