Dang, I should be out of the office more often. Looks like the “Dollah Dollah Bill Y’awl” prediction  I made yesterday is staying true and we are continuing to see a break down in the much beknighted green back– [[UUP]] .

The dollar’s breakdown is causing a “so sorry” event for bears, but a “yippe kai yi yeah, muthaflickah” event for those of us in the precious metal camp. What’s ironic is that the bears are correct — the only thing keeping this market going right now is the craptastic dollar. In other words, it’s not “real” value but “inflated value” that’s driving stocks upward. What is doubly ironic is that bears will short this market thinking that the dollar will strengthen.

Very odd.

We’re here to make money so let me throw out some picks that are looking good. First — the junior golds, which on the Jackson side include only Eldorado Gold Corporation (USA) [[EGO]] , which is my strongest Jackson today. Non Jacksonian juniors I like, and will mention again are Allied Nevada Gold Corp. [[ANV]] (which is breaking out as I type this), Golden Star Resources Ltd. (USA) [[GSS]] , [[BAA]] , NovaGold Resources Inc. (USA) [[NG]] and Northgate Minerals Corporation (USA) [[NXG]] on the gold side and Silver Wheaton Corp. (USA) [[CDE]] and [[EXK]] on the silver side. I also like the double silver ETF [[AGQ]] here as well.    Finally, the Jackson silvers are looking strong here as well — Silver Standard Resources Inc. (USA) [[SSRI]] , [[PAAS]] and [[SLW]].

Non-PM Jacksons Teck Cominco Limited (USA) [[TCK]] and Thompson Creek Metals Company, Inc. [[TC]] continue to look great while agro man The Andersons, Inc. [[ANDE]] takes a breather.   Still a buy as well, though.

From a non-Jackson picks side, [[BIOS]] is getting knocked back today, but it’s still on trend by a long piece, so look to add. Also , the rockets I gave you the other day — Trimble Navigation Limited [[TRMB]] and Given Imaging Ltd. [[GIVN]] , are flagging here and if they begin to take off from the bottom of these flags (instead of breaking down), they too could be a nice purchase here. Use caution and mind your sizing with these big movers. Best to you all, and look to the PM’s if the dollar continues to deteriorate.

UPDATE:  I almost forgot to throw something in on Rage’s regional banks  play.  Of those I like Fifth Third Bancorp [[FITB]] and KeyCorp [[KEY]] .  Somewhat  related — I also like the Irish shilelegh-wielding banks too — Bank of Ireland (ADR) [[IRE]] and Allied Irish Banks, plc. (ADR) [[AIB]] .

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Bow down to Lord Pig!  Did you forget what Island you were on?

Don’t think you can just skip on down to the Circle and pick up the conch and blow to your heart’s content.

You cannot.

No, it’s time to get your horn rimmed glasses smacked from your face and ground underfoot, whilst you grope wildly after fuzzy-form perpetrators who’ve done away with Good English Manners.

The Jacksons took a similar blind side hit today, and you know what? I’m not given to much concern. I’ll sit up here on top of my coconut tree and munch bananas whilst I watch the devolution down below.

Yes, yes, “kill the pig, slit it’s throat!”

(Eye roll)

What-ever!
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Note [[BAA]] , mentioned last night, and of which I bot 6k of at close at $2.03-.04, hardly moved today, even as the gold and silvers markets shivered and [[UUP]] peeked its battered head up? Did you note the same behaviour (sic) with previously recommended Allied Nevada Gold Corp. [[ANV]] ?

Pure luck, I assure you. All of the juniors will show some strength, merely because their time to shine is almost here. Same with the silvers. They are trying to shake, but even their now-familiar swoons seem half hearted.

Just wait here, with me atop the coconut tree. The ham hocks will be served, presently.

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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 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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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.

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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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