Stick with a winner,  “they” say — and Mr. Anderson [[ANDE]] keeps winning, up about 5% again today at $30.55.    As I mentioned, my medium term target for Mr. A is right at the 61.8% long term fib, or $33.00. 

The other Jacksons are back on the winning track too, with [[MON]] looking like it really does want to fill that gap at $85.20 (currently at $84.88) from the other day.   That’s probably where I will unload my MONGOLs unless I see some major promise in the very near term from MON.   Of course I will continue with my stock position.

[[TC]] is also rocketing again, up almost 7% as I type.  [[TIE]] is also moving on low volume, but is breaking into some new territory here, over $10.85.

Two others I have been holding for a while that are getting some action today are [[AMKR]] and [[SIFY]].   If SIFY is really taking off here, it’s brother in sub-continent, if nothing else, [[SONS]] may get a rise as well.    Good luck to all.

_______________________

Comments »

Sometimes it’s not about the money, it’s about the high.  The high you get from being right when everyone else (or most everyone) is wrong.   Let me tell you it can be a heady thrill,  as good or better than any triumphs on the athletic or academic plain.

But I implore you to forswear this high.   Do it today.   For it will turn you into a ravening frog-eyed hermit, cursing the clouds and the crowds for not bending to your superior will and your knowing…. your knowing.

This is a game of accepting defeat after all, shaking the Fly’s hand in a firm, but gentlemanly fashion and then moving on.  It’s  not a game of self incineration.   We must keep foremost in mind that a mass of blackened carbon cannot sally forth ever again.   He can only sit, and smolder and fume and smoke…. 

And curse his fate…

On alternating Mondays.

___________________________

   It looks like no one will be able to keep these commodities down for very long.   Is it the dollar?  Is it our interest rates?  Looming inflation?   I don’t know.   “KISS” — not the rock group but the acronym — instructs me to “K-eep I-t S-imple, S-tupid,” and so I will.

Just follow the trend til it ends.   

Is that instruction really that tough to follow?   Yes, the Devil Dog is in the details, but then you’ve many friends here (and on The PPT) with whom to consult.   We shall not leave your side despite your sweaty palms and mild B.O..      The bio-techs are still working.  Don’t ask me why, I blame CA  for starting the conversation with a grainy haus frau in a smoke-filled bar in Washington Heights three weeks ago.

You know how the flutter of the butterflies wings in a crowded tavern leads to hurricanoes in the porcelain room?     I like [[HEB]]-rews here, and First Phillip-ians [[MO]].    Another stealthy bio-tech I’ve been mentioning is [[SVA]] which had another solid day.  Last [[BIOS]] could take off at any time.    Or not.  I like it in the low 4’s.

As well, the commodites are working their tiny little mono-muscles .   General Jackson’s [[TC]] rebounded with great vigour (sic) and newly acquired [[TIE]] (non-Jackson) looks good too.  Even the PM’swere not pulling back with the vigour I expected from this mornings sad state of affairs.  My goodness, the worst hit Jacksonian was our highest flyer thus far, Mr. Anderson [[ANDE]], down a little over 3%.    By the way, if he could see his way to $28.40 tomorrow, or close thereby, he would offer an excellent entry for all those seeking his agrarian charms.  

Let’s look at the rest of the Jacksonian Core Holdings list, with attendant commentary:

Name	8-Jun	% Change		Comments
ANDE	$ 29.12	-3.09%		Finally backing off a hot run. $28.40 entry.
EGO	9.27	0.32%		Gapped down, bounced off support & finished up.
GDX	41.30	-0.07%		Got our $40 target and bounced at support.
GLD	93.56	-0.16%		Hung on 20-day and 78% long term fib.
IAG	10.21	1.49%		Beautiful hammer off support, could be ready again
MON	82.79	0.99%		Still battling.
NRP	23.93	-2.33%		Still struggling with that $24 line.
PAAS	21.50	-2.63%		Another long tail doji, good EOD volume.
RGLD	44.10	0.05%		Gapped down, bounced off support & finished up.
SLV	14.76	-1.67%		Tested $14.50 early, then up the rest of the day.
SLW	10.18	-1.83%		Gapped down, bounced off support & finished up.
SSRI	22.13	-1.03%		Yet another hammer doji, this time on the 38% fib.
TBT	57.29	0.61%		$60 next stop.
TC	9.74	-1.81%		$10.96 near term target.  Another hammer doji.
TSO	15.68	0.77%		Wretched, but alive for today.
AVG		-0.69%

Let’s hang together shall we?   I’d rather not hang separately.

____________________

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.

___________________________________________________________________________________

Comments »

I got good news and bad news on the market  front, ovah heah.   The good news is, I’m going to show you my Russell 2000 chart ($RUT), which I’ve been using to parse the market since before the first bank meltdowns of late 2007.   You see the Russell, even more than the [[SPY]] in my opinion, gives you a better view of the “overall market” than any other index.    You can also check it’s volume using [[IWM]] it’s ETF.

I find that the Fibonacci retracement lines work very well in analyzing the Russell as well.   Take a look at where where we found ourselves this morning:

As you can see we are bumping up against one of the stronger Fibonacci “Golden Ratio”  (inverse) lines at 38.2% (the other being the actual Golden Ratio of 61.8%).   I expect that means at least some sort of rest stop here.   That said the “good news” is that 13-34 week cross which implies further bullishness should it continue.   As I have attested, and I think even Woodshedder has agreud (sic) — the 13-34 week “golden cross” is one of the most significant bullish or bearish indicators out there.   

Let me know what you think, but don’t be surprised if I disregaurd (sic) your thoughts in a cavalier, dismissive way, whilst inserting snuff up my nose, all atop my “knee-controlled” white charger.

One other point — some of these biotech unpinned hand grenade small craps are pulling back a little today, and since I sold off 2/3rds of my [[HEB]] -brews yesterday, I may dip back into the Red Sea to rescue some more pedestrians today.    I also like [[IMGN]] here (thanks Henry!), but will not add more as I am “full up” to the brim with it.    [[SVA]] also bounced nicely off it’s trendline today, but I’d wait to see if it drops back to $2.90 before taking a chance on any of it.    The last insanity is [[CTIC]] which has been a darling of The PPT, along with [[BEE]].   I think the latter looks a lot more promising, but have not gotten any yet. 

As always, I recommend you stay as far away from the above paragraph as you would a Mossad Hit Squad with your name at the top of their list.   There’s no question your purchase of any of the above will warrant a quick waterboarding, coupled with a full-torso Obama campaign sticker “body bind”, finally finished off in a late night rowboat assisted drop into The Great Salt Lake, where you will bob for hours, your pitiless cries ignored by disinterested Mormon seagulls.

On the precious metal front, as I suspected, more pullback, but the metal rustlers cannot disguise all — [[PTM]] looks strong here, comparatively.   Slow and steady wins the race, old boy.   Best to you all.

______________________________

Update: I bot 2k more HEB to take with me across the unpaved Red Sea @$3.10.

_____________

Comments »

I interrupt this heavily precious metal-oriented blog in order to pay homage to The #1 Jacksonian Holding since inception (May 1st, our official/unofficial start date).   Mr. Anderson — [[ANDE]] broke the 70% mark today, in a little over a month’s trading.  

That’s kind a special, so I figure I’d give old “Keanu” a shout out.   Do you begrudge?  Better question — do you own it?

Mind you, I think the PM’s will eventually leave Mr. Anderson in the dust, counting spoons that aren’t really even there.   And believe me, the PM”s are not doing too shabbily as it is, with [[SLW]] up 41.84%,  [[TC]] up 41.49% and  [[PAAS]]  up 39.88%.   All of the golds are in the 30’s as well, with my three laggards being (in order) [[NRP]] +0.66%.,  [[TSO]] + 0.31% and negative nelly-monster  [[MON]] at (-2.76%).   The overall port, thanks to today’s recovery, is just under 26% for the entire period.  

What’s that you say?  Molybdenum’s not a precious metal?  Well it’s PRECIOUS TO ME!

For today I added a little [[EGO]] at $9.57 — my one holding that did not close in the black today (by two cents).   Ironic, no?   Still I wanted to fill that position and I think it’s coiling for a move here.   Everyone else recovered to some extent, but I would not bet my bottom dollar that we are out of the turbulence yet.   No, I shant sound the “all clear” until we’re  above the $400 mark on the $HUI, as mentioned in last night’s post.   We got halfway back, closing a bit above $387  this afternoon.  

As I said, use this time to accumulate positions in the Jacksonians, and in some [[GG]], [[AUY]], [[ANV]], and [[EXK]] — among the other PM’s of your choice.  Soon these prices will be but a dream to you, I fear. 

If you want some non-Jacksonians, I’ve been playing some biotech lotto with [[SVA]], [[HEB]], [[SFE]] and [[CTIC]].   I’m not even going to disclaim those, as if you dare playing with them you are too “certifiable” to hire a creditable lawyer in the first place.  Just. Don’t.

Two quick charts showing Mr. Anderson’s  progress.  The first shown when I laid out the first blog post on the idea, the second captured today:

_______________________________________________________________________________________

And today’s portfolio performance.  Be well all.

______________________________________________________________________

Name	4-Jun	% Change		Comments
ANDE	$ 28.22	6.45%		Up over 70% since 5/1
EGO	9.52	-0.21%		Got  more today @ $9.57 – can ya tell?
GDX	43.51	3.20%		$HUI back above $385 again ($387)
GLD	96.23	1.93%		POG up 2.2% today.  ($983.50)
IAG	10.55	1.54%		Gaps filled, but anemic.
MON	82.90	1.72%		Back to Tuesday’s close
NRP	24.24	3.86%		Healthy recovery for this sluggard
PAAS	23.29	4.30%		Up 5.6% since yesterday’s purchase ($22.05)
RGLD	46.19	1.34%		Low volume retrace
SLV	15.63	3.24%		POS back close to $16 again.
SLW	10.95	3.69%		Closed right on the 50% fib retrace
SSRI	23.97	4.04%		Over the cup again-exactly
TBT	56.00	3.72%		Back over 61.8% fib – $60 next target
TC	10.06	7.71%		Blew right back up again.
TSO	16.06	5.87%		Back in the long term green by 31 basis pts.
AVG		3.49%

______________________________________

Comments »

(Thanks to ‘Shed for the family photo)

As expected,  the miners have begun to consolidate a bit of last week’s (and last month’s) run up.    Nothing major mind you,  but the $HUI tells the tale here.  Remember this weekly chart from the 22nd of May?

A little more than a week later, the $HUI is behaving as indicated.   Remember that red line — the “likely target for a short rest?”    Here’s today’s same chart: 

This wholly expected retrace may bring us as far back as the top of our “consolidation box” ($375-ish).  But if the dollar and the 10-year continue to exhibit problems, I shouldn’t expect this rest to last much longer than that.    I will be using this time to aggregate some names like [[GG]] and [[AUY]] that I’ve been looking to add.   Those of you who have been waiting for a Jacksonian entry may want to consider this week’s opportunity as well.    

One other thing, I’ve been thinking about water as an appreciating commodity recently, and many of the water-related stocks have begun setting up nicely.  I may take a shot at grabbing some of the desalinator [[CWCO]] tomorrow if the stars are properly aligned.   

Note the new “comments” section on the JCHP performance chart.    Innovative, no?  

Best to you all.

Name		1-Jun	% Change		Comments
ANDE		$       26.00	3.59%		Moving with the Ags
EGO		9.69	-2.32%		Accumulation opp. Here
GDX		43.41	-1.70%		$HUI pullback
GLD		95.73	-0.49%		Resting for the leap to one grand?
IAG		11.02	-2.22%		Friday’s gap @ $10.92
MON		81.48	-0.82%		Yet to fill gap @ $85.06, Barron’s mention ↑
NRP		24.24	2.45%		Low volume up day, KOL up big
PAAS		23.39	-0.13%		Still very much in uptrend channel
RGLD		46.14	-0.92%		Half volume day, pullback
SLV		15.35	-0.78%		Friday’s gap @ $15.06
SLW		10.49	-0.29%		Friday’s gap @ $9.99, will it get there?
SSRI		24.30	1.72%		“Indefatiguable”, Friday gap @ $23.26
TBT		55.52	5.47%		Gapped up, strong volume day
TC		9.99	4.06%		Gapped up today, didn’t fill.
TSO		17.51	3.36%		Hugging the top of the triangle, must break $17.80
		AVG	0.73%

__________________________________________________________________________________

Comments »