Last I saw him he was running around, all ass & tail, gunning down shots of Don Julio and screaming “New Lows in July, damnit!!”  

But here it is August, and the only lows I’m seeing are the catatonic stair steps of [[UUP]] as it heads to its crypt in the basement.  Remember my post about the “noise zone” from the other day?  Here’s our result:

Looks like $23 is the make or break area, here.   If we get there, I think we get at least a bounce.   Would not shock me to see further deterioration after that.

Again, that means good things for our PM and Jacksonian buddies, and they all rallied today, with the overall portfolio up 3.23% today and now breaking to new highs since our May 1st inception, with a return to date of 26.62%.   My only regret is that I didn’t put more cash to work last week when I upped my Monsanto Company [[MON]] and Thompson Creek Metals Company, Inc. [[TC]] holdings back to their former strengths.  

Another interesting note — while Mr. Anderson — The Andersons, Inc. [[ANDE]] remains my top performer with a 92.81% return since May 1st launch, my second chasing close on his heels is also my newest pick Teck Cominco Limited (USA) [[TCK]] which is up an astonishing 88.76% since first purchase back on June 16th at $15.04.    Most of the PM’s are in the 20’s percentile range (still off their June highs, mind you) with IAMGOLD Corporation (USA) [[IAG]] leading that pack, up 32.06%.

The one Jacksonian clunker (for which I receive a large “cash” dividend) is Natural Resource Partners LP [[NRP]] , at a negative (4.11%).   I will consider NRP’s inclusion in the ongoing list, unless it’s laggard status improves.

As for the best of the Jackson’s currently, the silvers seem to be standing out nicely, with my favourite (sic) Silver Wheaton Corp. (USA) [[SLW]] breaking out past it’s 61.8% fib, and looking to continue here to resistance in the near term at $11.00 or so.   I of course will hold onto it until the bonds of time are loosed.   Silver Standard Resources Inc. (USA) [[SSRI]] also looks extremely strong here, with another breakaway gap, up over 6% today like SLW.  [[PAAS]] was only up over 5% today, but is exhibiting the same tendencies.  

Last, non-Jackson junior silver [[EXK]] was also very strong today, with a nice volume spike and also gapping up over resistance. levels.   It seems to be heading to it’s recent highs ($2.40) , and I’d say that’s going to come quickly.   My analysis is that the Central banks were so busy suppressing gold today that they forgot about her little brother, and the beach ball popped above the water for all to see….

Onto the non-Jackson golds–  I still like Allied Nevada Gold Corp. [[ANV]] , which is becoming almost Jacksonian in its stately and dignified rise here.   Take a look at it’s weekly chart when you get a chance — it’s a thing of beauty.   As mentioned in my comments section, [[BAA]] broke da Flummox out today over the $2.14 barrier I had mentioned in my chart the other day, and Ivanhoe Mines Ltd. (USA) [[IVN]] is looking to move higher.  I also still like Golden Star Resources Ltd. (USA) [[GSS]],  even though it’s rise was crippled by the Curse of DMG early this morning.  

On the non PM front, I still very much like Mirant Corporation [[MIR]] — which also has A and B warrants, if you are interested in that type of thing.   I also applaud any of you that took my [[CNXT]] breakout signal chart from the other day to heart.  I think they’ll be more there, btw.  

 That should be enough for you to digest for now, but check in my comments section tomorrow for trading updates.   Best to you all.

Comments »

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:

__________

Comments »

 

I’ve been out all day, and I just realized I never even put down yesterday’s Jackson Portfolio display.   Must have been a cognitive dissonance thing, as the portfolio was down a little more than 1.5% yesterday (with cash, which the intraday changes don’t incorporate). 

Anyway, I figured I’d make it up to you by including this somewhat pedantic, yet useful “tardiness” tip sheet I cadged from “CommunicateInnovate.com” — in itself a useful site.   I also left off the comments from yesterday, since the rebound kind of makes them useless.    Looks like both gold and silver are staying within the range, and Mr. Anderson continues his winning ways… Onto the “tips” —

Bottom line: Whether it is a thrill or habit, there are steps you can take to reduce and eliminate your chronic tardiness problem. How do you respect and effectively utilize the universally shared commodity of time?

Balancing your time with those around you is an ongoing challenge. Be vigilant about effectively using your time and anyone sharing your time. Your calendar, your day timer (or PDA) and the clock are intrinsic tools of the business trade. Learn to tell time, use timers and challenge yourself to get there on time. There are mental mind-sets and effective meeting processes that can help you kick the tardiness problem (they helped me). Consider your scheduled meeting times as just a center point of your overall meeting time. It is usually the informal meetings or contact before and after the formal session where most of the business or decisions are solidified.

Always allow time for this informal contact:

1) Allow yourself 15 minutes before each scheduled meeting or event to: – get your thoughts or agenda together at the location for the meeting – have a quick meeting with the main person to review the agenda – chat with the person who is setting up the meeting room to get information on the attendees. Executive Assistants and Administrative Assistants can be an invaluable source of information. Build trust with this individual. – socialize and introduce yourself to the attendees prior to the formal meeting. You are likely to pick-up on the temperament of key individuals attending your meeting.

2) Allow 15 minutes after each scheduled meeting or event to: – review how effective the meeting was perceived by your key customer (coach) or by an attending colleague. – Take time with the key person (key influencer) to review the outcome of the meeting and strategize next steps – Test the water and ask for the business. You might actually get the order. Alllow time for that too

3) Give yourself the 15/15 minute buffer before and after each scheduled meeting to allow for unexpected things. Plus you will less likely impact on subsequent meeting times. Early is always better than late.

Arriving on-time is the most visible sign of disrespect toward the other people involved. For first time meetings, being on-time is one of the major positive impacts on ‘first and lasting impressions’. Add to your good reputation – be on-time. Including this “15/15 Time Wrapper” around each of your scheduled appointments and meetings will afford you more time to prepare/strategize (before)and then assess/close(afterwards). Reduce stress on both yourself and those around you. Your respect for other people’s time is a measure of your own self-respect. Being respectful is an honorable trait – a trait that can only add to your glowing reputation.  

About the Author:

Carl Chesal is a business and channel development consultant, trainer, internet marketer and professional photographer. He operates BizFare Enterprise Inc, providing business development, marketing, and internet marketing services. Bizfare Enterprise also operates a number of secure on-line shopping sites.

____________________________

12.74%

Jacksons from Yesterday:

Name/			%
Ticker	29-Jun	30-Jun	Change
ANDE	$      29.91	$      29.94	0.10%
EGO	9.45	8.95	-5.29%
GDX	39.15	37.82	-3.41%
GLD	92.04	91.18	-0.93%
IAG	10.30	10.12	-1.75%
MON	75.93	74.34	-2.09%
NRP	21.02	21.01	-0.05%
PAAS	18.55	18.33	-1.19%
RGLD	42.97	41.69	-2.98%
SLV	13.66	13.38	-2.05%
SLW	8.52	8.24	-3.29%
SSRI	19.16	18.75	-2.14%
TBT	50.65	50.92	0.53%
TC	10.57	10.22	-3.31%
TCK	16.06	15.94	-0.75%
TZA	22.52	22.75	1.02%
AVG (daily)			-1.72%
AVG (monthly)			-6.98%

 

AVG (inception)

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My friend Mr. Russell was reconstituting today, just as my enemy Mrs. Pelosi was trying to reconstitute our country’s energy markets.  So you can imagine it was a bit harum scarum.

I will come back later, and blog like the wind in the willows (maybe I’ll have illustrative capabilities back by then), but now it’s off to a super important pool party replete with screaming brats.  Ah, parenthood.

Later.

____________

Back, and I’ve looked at the JCHP for today, and save for the bizarro behaviour of usually reliable Royal Gold, Inc. [[RGLD]] , it looked like a general consolidation day for the PM’s, which is natural given the large moves a number of them made yesterday.  Eldorado Gold Corporation (USA) [[EGO]] continues to look good here, as do a the juniors I’d mentioned earlier in the day (see last post).

I will try to find out wtf is going on with RGLD this weekend. 

The other good news is that the non precious metals — Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] , as well as ag supplier The Andersons, Inc. [[ANDE]] all look like they are uncoiling out of their bullish flags again.  Keep a close eye for volume increases.

Last, be sure to keep an eye on the biotech pinless hand grenades I’ve tossed around over the last couple of weeks.   A number of them did the astral elevator today, I think because of Russell Reconstitution Day.   They included [[HEB]] , [[CTIC]] and ImmunoGen, Inc. [[IMGN]] .

Lastly, Fly’s chip box chomper of the future, [[ENTR]] had a nice gain today, but more important, it rose on huge (almost 16x average) volume.  I did not see their name in the Russell rebalances, so this volume remains a mystery.  Something to look for on Monday, however, as significant volume is usually… well… significant!

The Jackson’s on Friday:

Name/			%
Ticker	25-Jun	26-Jun	Change		Comments
ANDE	$        29.95	$      30.23	0.93%		Moving nicely out of the bull flag
EGO	9.39	9.40	0.11%		Consolidation day for gold
GDX	39.99	39.20	-1.98%		Ditto
GLD	92.31	92.29	-0.02%		POG broke briefly over $940, then back.
IAG	10.58	10.48	-0.95%		Consolidation day for gold
MON	75.66	75.25	-0.54%		Ditto
NRP	20.83	20.82	-0.05%		Flat again, forming bear flag?
PAAS	19.34	19.08	-1.34%		Held up at the 200 day EMA
RGLD	46.00	42.07	-8.54%		Freakish late day drop.   Be prepared to cut
SLV	13.81	13.90	0.65%		Up with the POS
SLW	8.81	8.72	-1.02%		Held up at the 50 day EMA
SSRI	19.65	19.52	-0.66%		Held up at the 50 day EMA
TBT	51.03	50.84	-0.37%		Near flat today, could be done w. pull back
TC	10.31	10.44	1.26%		Like ANDE moving out of flag
TCK	15.99	16.56	3.56%		Same, looking very strong here
TZA	22.74	22.50	-1.06%		Flattish for a triple.
AVG (daily)			-0.63%
AVG (monthly)			-6.44%
AVG (inception)			15.49%

 Update: The Ozzie’s get it right.   Or at least their Senate does.  Let’s hope our own Senate can be as astute when this criminal theft Al Gore bill comes before them.   Hold your reps accountable on this one, people.

___________

Comments »

Actual Photo of Fly Taking in Today’s “Winnings”  (IOU marker from Devil Dog)

Over at the PPT’s special “User Notes” running commentary section, otherwise known as “The Smoke Filled Room,” we are slowly, slowly, ever so slowly, mining the equity markets for all of their loose cash.    We are being quiet about it, and despite the clamor on this site, not too braggadocious– especially considering how efficiently we are picking the purses of the slug footed, tuft-eared mutual fund “management” drudges. 

That PPT.   That conflation of laser-sited market research and shared expertise, combined with the real-time shout outs of the elite membership… Hooo!  That sucker is hitting on all cylinders right now!   By Jupiter’s Stone, we may just suck all the stamped coinage out of this market before we’re done  — that is, all but the occasional TARP fund or whatever other “rescue” device Congress manages to filch from your pockets for eventual distribution into ours.  

It’s almost not fair.   Almost.   Luckily, we’re accommodating folk and friendly to strangers, so you can still join us and add to the fun we’re having.   So far, there’s still some dough in the market not yet claimed.   Come, give a hand. 

_____________________________

In the land of Jackson, it’s a sad and blighted day.  Not so much as because of the over all portfolio performance — as it actually ended up today despite the laggard pace of the PM’s as they continue to consolidate last month’s move.   No, it’s sad because we’re tossing a soldier from the ranks today for gross insubordination.  Yes [[TSO]] fell below the $15 level again, and like Captain Bligh chewing apples seeds on the mizzen deck, I decided to make an example of him.  So I had him horsewhipped and thrown out into the street with the scallion leavings, bad porridges and other cobblestone-riding flotsam.

I had my stop set at $15, but the excellent execution of the House of Pershing took me out of my shares at $14.98, which is where I will leave that price (an ignonimous  loss of 6.43% since inception buy at $16.01) for the remainder of the week and/or until I find a replacement.   Because I “bought” every position in increments of $10,000 for purposes of this portfolio’s proper accounting, my next purchases will only use the $9,357 in cash left over from that sale.  

(As an aside, I suppose I should also make some allowance for the one third sale of [[TC]] yesterday, but that may be getting a bit overcomplicated for this grouping.  We’ll see how it goes).

The comments are relatively self-explanatory — I sold 1/2 the calls on my [[TBT]] position today, and probably should have sold more, but there it is.   Bruce gambled, and he won by selling early, as I sold my July 60 calls for $2.15 when TBT was just above $58.00.  [[TC]] remains a beast — like [[ANDE]], it’s over 70% since inception now,  while its exiled brother, TSO, remains a piece of dog offal.  

Be gone with it, and good riddance. 

 Jacksonian Core Portfolio Holdings Results

Name	10-Jun	11-Jun	% Change		Comments
ANDE	$    30.48	$     30.70	0.72%		Crawling up the trendline again.
EGO	9.13	9.15	0.22%		Nowhere on light volume.
GDX	40.80	40.92	0.29%		Closed right on the 61.8% retrace
GLD	93.86	93.70	-0.17%		POG actually up $4.10 today.
IAG	10.21	10.08	-1.27%		Mirroring the GLD chart.
MON	85.85	86.85	1.16%		Sold 25% more MONGO’s today at $12.70 (+63%)
NRP	24.01	24.21	0.83%		Still laboring, looking for $24.60
PAAS	22.15	22.61	2.08%		Stochs turning up again, low volume, though
RGLD	43.90	43.92	0.05%		Looks like it’s headed for the TL again (43.60)
SLV	15.01	15.13	0.80%		PO Silver up about 24 cents.
SLW	10.18	10.26	0.79%		Touched trendline, and rebounded.
SSRI	22.75	22.81	0.26%		Stoch up on low volume too.
TBT	58.77	57.52	-2.13%		Sold off as expected.  Sold 1/2 July Calls.
TC	11.32	12.13	7.16%		Godzilla rebukes me for selling some yesterday.
TSO	15.35	14.98	-2.41%		Sold on break of $15.  Frozen @ $14.98 price for the month.
AVG (daily)			0.56%
AVG (monthly)			-0.32%
AVG (inception)			25.50%

Comments »

Sorry, I gotta make this one short and sweet.  I got a barfing three year old on my hands.   They don’t like to accomodate you at that age, if you’re familiar, so I have to play “moving target” ovah heah.

Anyway, the Jacksons didn’t do much today, and you can see my comments below.  The two big movers were [[TC]] — which is just a Godzillian monster ripping down ricepaper buildings in Tokyo — busted right past my 61.8% long term fib line today and proceeded to keep going.   I wanted to sell the calls only to find  — to my deep chagrin and embarassment — there were none.   So I sold one third of my position, as reported, at $11.21.   I guess we’ll find out very soon if that was a bad move, but considering I had gotten those shares in the low sixes, I could not complain.  

[[TBT]] is the other marching gorilla, responding to all kinds of distress out there in Ten Year Bond land.   Well, I just don’t think we’re going to crack 4% on the first attempt here, auction or not.   I just think that’s too easy.   I will likely sell the calls again tomorrow on any further march to $60, keeping in mind we may have seen the high water mark this afternoon at $59.79.

Only [[PAAS]] was over 2% for the rest of the Jackson’s and only [[ANDE]] — which needed a rest — was down more than 2%… so, a blah day.

I will caution you to watch the PM’s tomorrow however, as I got the feeling that this current consolidation may be coming to an end, one way or the other.  Stay alert.

On non Jacksons [[ENTR]] finally broke out a bit and [[ANV]] showed nice relative strength considering the paucity of movement in the rest of the gold sector.  That may be one to own when we start moving again.   

That’s all for now, save the list.   Be well everybody, and watch the puke flu.

______________________

{I know I keep fiddling with the format of this performance chart, but please let me know if you like this latest idea of putting the prior day’s post in for comparison’s sake.}

Name	9-Jun	10-Jun	% Change		Comments
ANDE	$ 31.30	$    30.48	-2.62%		Still on the trendline.
EGO	9.21	9.13	-0.87%		Would like to see it kiss the st trend line @ $8.90
GDX	41.09	40.80	-0.71%		Hanging on 61.8% long term fib.  Added 1k today @$40.88
GLD	93.83	93.86	0.03%		POG down about $2.  Waiting.
IAG	10.17	10.21	0.39%		Holding pattern.
MON	85.07	85.85	0.92%		Dropped and recovered nicely all afternoon.
NRP	24.11	24.01	-0.41%		Looking for a breakout above $24.60 to “prove”
PAAS	21.71	22.15	2.03%		Looking to get over $22.30 in the morning.
RGLD	44.37	43.90	-1.06%		Touched the trendline as expected, should go north from here.
SLV	15.03	15.01	-0.13%		PO Silver down a mere 8 cent.
SLW	10.29	10.18	-1.07%		Will it get to the trendline @ $9.90?
SSRI	22.59	22.75	0.71%		Making a move for the top of the cup again.
TBT	57.22	58.77	2.71%		Missed $60 by fitty cent.  Waiting for auction to sell calls.
TC	10.58	11.32	6.99%		Just a freaking monster.  Took 1/3 off @ $11.21. Mistake?
TSO	15.51	15.35	-1.03%		Needs to show me something here, or buh-bye.
AVG			0.39%

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