Ho hum, another glorious day in the world of General Jackson, loather of all that is bankish.  The precious metal picks continue to rip higher with very little rest in between growth spurts.   Soon I shall have to confine them to their rooms.

And yes, our MONstrous friend continues to vex, but I’m happy about my Alex Karras  (MONGO call) purchases today, and shall contrive to buy more upon additional weakness.   Five down days in a row for MON is quite unusual, and as you can see from yesterday’s chart, such stretching of the rubber band often leads to a quick snap back, where I am prepared to harvest my MONGO wins.   We shall see.

TBT also finally retreated, to the great relief of my increasingly expensive sold calls.   This retreat may be a good thing, all things considered, as it takes some pressure off  the “total collapse” scenario which could take other pieces of our worthy Jacksonian Portfolio with it, in thoughtless abandon.

But we’re here tonight to attend to some unfinished business — specifically the long delayed admission of [[EGO]] into the Jacksonian Core Holdings Portfolio.   It narrowly beat out it’s more elder candidates [[GG]] and [[AUY]] who remain readying in the Triple A leagues, batting for huge average whilst simultaneously stomping on Treasury officials of the twisted moustaches (sic) variety.

I’ve owned EGO for a while (as I have GG and AUY), and it’s been a PPT favorite for quite some time.  However, I wanted it to show the same “imminent breakout” characteristics that my other JCHP picks had before I added it to that worthy fold.   I believe today that sign came.  

 As much as I hate to roll out a pick on a large gaining day (7.28%!), I would feel remiss to hide this one’s light under a bushel any longer.  If you look at EGO’s daily chart, I think you’ll see why:

And the weekly chart shows an even lengthier breakout from a long term consolidation zone.  

 

Today’s move was significant, and while we will have to monitor it’s continuation (as it may break below the breakout area again), I think we’re going north from here.     So let us raise a toast to our new Jacksonian, which I hope will make EGO-maniacs of us all.     Best to you all.

Caveat: If you insist on following the Jacksonian path into EGO, it’s dollars to doughnuts you’ll be trapped on the N-train to Atlantic Avenue with three unemployed psych majors who will ply you with the failed dreams of a liberal arts major until you fork a sawbuck at them.   And you might lose other moneys as well.

___________________________

	28-May	% Change
ANDE	$    24.43	-0.65%
EGO	9.78	7.24%
GDX	43.01	4.34%
GLD	94.24	0.85%
IAG	10.88	4.11%
MON	79.00	-1.10%
NRP	22.98	0.22%
PAAS	23.14	5.71%
RGLD	45.90	4.22%
SLV	14.93	2.40%
SLW	9.95	5.85%
SSRI	23.21	11.75%
TBT	55.77	-2.40%
TC	8.99	3.21%
TSO	17.00	0.53%
Avg %		3.31%

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There is nothing like “living for the moment,” and I won’t begrudge the staunchest of my conservative reader base a splash in Fly’s Pool of Carney Delights,  over on his blog and in the incredibly exciting “User Notes” section of The PPT  .   Let me assure you, ladies and gentlemen, there be some astute trading minds throwing Kruggerands around in that room.

That said, I’m sure glad I’ve got the bulk of my holdings in the JCHP, my friends, because I’m not sure how much time is going to be left in this “bring your own lava lamp” filthy 70’s-era hot tub party.    I think I already see some unpleasant objects of questionable birth rising up amongst the bubbles.  

First, I’ll draw your attention to our friend, Mr. U.S. Dollar.   He’s pretty much in “do or die” territory here, and frankly, I’m thinking we’re in trouble whether he strengthens or not.    Lookee here — remember our faithful dollar proxy UUP?

Well, heck if he’s not banging around down at the same December 18th lows that set the timer going on our next market plunge (which occurred about two weeks after the dollar started to climb again).   And here’s what’s worse… the dollar can continue to go down here, but I’m not sure that’s going to benefit our stock markets much, either.  

Why?   Well because there’s another bit of business the dollar keeps low if it’s behaving, and that’s our Treasuries’ interest rates.   If we show relative strength in our dollar, then foreign investors are willing to keep our debt.   But if the dollar keeps getting mauled here… well, those same folks might not be so kind to our lovely treasury paper.   Remember back when we first advocated  TBT as a Jacksonian pick?  Here was the chart:

We were expecting a nice move up, and we sure got it — in spades.   However, now the rapid run up in rate must give us pause with regard to how much longer the music can play.   Look at how far we’ve come since that last posting:

Bang!  All the way above the 200-day EMA.   Now you know I’ve been selling calls against my position here, in anticipation of a pullback.  Well, even as I expect a pullback, I’m just as ready to take a loss on those calls if I see this thing launch anymore than it has.  

Remember, TBT is my “Stock of the Year” pick in Rajun’s annual contest, and I continue to believe TBT is going to be the play of the next three to five years, minimum, thanks to the unwinding that will have to happen in our long term bond rates.   That said, high interest rates eventually take a bite out of stock prices, so we are going to have to be even more synched than ever with the JCHP. 

Remain vigilant my friends, and make sure you attend to RGLD.   I believe it’s the harbinger of our gold holdings’ future.   The other PMs will follow it’s lead, but it will likely become the star of this Jacksonian portfolio in future.

UPDATE:  I added another 1,000 shares to my SSRI holdings today.   I will add another 1,000 if I see further weakness, and then I will likely be “full up” in this name.

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		26-May	% Change
ANDE		$   24.95	6.90%
GDX		41.84	-0.50%
GLD		93.76	-0.73%
IAG		10.56	-2.76%
MON		85.25	-1.57%
NRP		22.75	2.43%
PAAS		21.64	1.03%
RGLD		45.38	2.53%
SLV		14.42	-0.55%
SLW		9.49	1.61%
SSRI		20.82	-4.19%
TBT		55.07	2.80%
TC		8.73	1.04%
TSO		16.73	3.08%
Avg %			0.85%

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Not to be disparaging, but I’ve felt I’ve spent the week with a squadron of flying goats.   There you are flitting from tree to tree looking for the best green shoots, ears up and horns out,  “baaaaahhhing” it up to beat the band.   

Chips stocks!  Cancer stocks!  Lenny Dykstra Car Wash franchise stocks!  Get ’em while they’re hot from the chute!

But why must you make your lives so difficult?  There’s no reason to search for rare buds in the top branches of the acacia tree when there’s plenty of bull grass right here on the ground.   Come down from there and take a look at the freshly scythed alfalfa I have gathered for you, my yellow-eyed friends. 

Remember our weekly $HUI chart from last week?

Well, look what’s happened this week…. Pop!

Can anything be more promising than that little green bud out of the consolidation zone?    And yes, we’re a little overbought here, and should be coming into some more resistance around 400 or so, but we should welcome that opportunity.  

After all my boy, it is a bull market — and maybe the only one you’ll see for years to come.  So relax some, take a load off, and get your nets ready.   It’s almost harvest time again.

This week’s Jackson Core Holdings Portfolio results were very pleasing, especially as measured against the indexes.   So have some nice goat cheese this weekend, and maybe try to pause a second whilst hoisting that relaxing beverage to remember those who have served, and especially those who have fallen in order that you could enjoy this great country.    Be well.

Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
ANDE	$    21.50	$      21.31	-0.88%	$    23.34	9.53%
GDX	37.46	37.65	0.51%	42.05	11.69%
GLD	89.98	91.55	1.74%	94.45	3.17%
IAG	9.92	9.83	-0.91%	10.86	10.48%
MON	86.42	89.95	4.08%	86.61	-3.71%
NRP	23.39	21.29	-8.98%	22.21	4.32%
PAAS	19.35	18.66	-3.57%	21.42	14.79%
RGLD	39.90	39.97	0.18%	44.26	10.73%
SLV	13.79	13.77	-0.15%	14.50	5.30%
SLW	8.91	8.58	-3.70%	9.34	8.86%
SSRI	20.06	19.06	-4.99%	21.73	14.01%
TBT	52.24	49.13	-5.95%	53.57	9.04%
TC	7.98	7.65	-4.14%	8.64	12.94%
TSO	16.72	16.60	-0.72%	16.23	-2.23%
		AVG	-1.96%		7.78%
Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
SPY	$    92.98	$      88.71	-4.59%	$    89.02	0.35%
QQQQ	34.23	33.37	-2.51%	33.54	0.51%
DIA	85.47	82.78	-3.15%	82.87	0.11%
NDX	1,394.16	1,355.11	-2.80%	1,363.17	0.59%
RUT	511.82	475.84	-7.03%	477.62	0.37%
		AVG	-4.02%		0.39%

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Why now this crying, this cringing, this fear?

What ‘ports of market disaster come near?

Come,  there’s no trembling, no reason to hide.

For this day, Brave ‘Drew Jackson, the Dude, will abide.  

____________________

Have you good silver and gold in supply?

Use you green paper instead for your chai?

Best keep this warning in back of your mind,

Fed Notes like those will soon buff your behind!

_______________

Silver Wheaton, Pan American and S-S-R-I

With bright silver trumpets the thieves they descry!

And their fellows in golden and anthracite hue,

(Gold, Royal Gold, NRP name this crew)

Like friends made in foxholes– they will always stay true.

___________________________

And in our travels, let’s not forget “farmer’s friend:”

Stout “Mr. Anderson” forges an uprising trend.

And those thinking  now of their grandkiddies needs,

Must never disdain Sir Monsanto’s brave seeds.

_________________

“Molybdenum’s” fun just to say, if you ask me,

But “TC” is  the name of the stock that will task me. 

Especially when earl and gas spreads ‘come dear,

And Tesoro’s my ‘folios’ sole quit-claiming cheer.

_________________________

What’s left to us then, in the Jacksonian Core?

But to brandish the bane of that Great Federal Whore?

Yes Ben Bernake, I speak now to thee…

And like a cross to a vampire, hold high TBT!

___________________________

 ANDE — $22.75  (+0.57%)

GDX — $40.47 (+5.31%)

GLD — $92.25  (+1.42)

IAG – $10.16 (+2.83%) 

MON — $91.83 (+2.49)

 

NRP — $23.37 (+3.41%)

PAAS — $20.99 (+6.33%)

RGLD – $42.77 (+5.19%)

SLV — $14.10  (+0.86%)

SLW — $9.46  (+3.61%)

SSRI — $22.00  (+5.47%)

TBT — $49.95  (-2.14%)

TC — $9.14 (+1.56%)

TSO — $17.29 (+0.41%)

Daily Average:  +2.69 %

_____________________

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One of these days I’ll shut the hell up about moving you into real money assets as quickly as your penny stock-spindling portfolio will allow.

But that day is not this day.   Not when the latest news clacking over the Jesse Livermore-era news ticker  in my offices reveals how Kommandant Barack is now going to nationalize GM — but “only temporarily.”   Turns out Dear Leader wants just enough time for Rahm Emmanual and Lanny Davis to wheel that aging aerophin-appended Caddy into his airplane hangar chop shop so to whack it up for distribution to loyal U.A.W. gummint cheese recipients.  

Tanks you veddy much, Kommandant, and dont’ forget to save the steering wheel, the white wall tires and the chrome ashtrays for the bond holders!    I said leave those white wall tires, you! 

So if the good fellahs in charge of everything  — and damn, they really seem like they are in charge of everything these days, don’t they? — are that cavalier about the big buck bondholders (some of whom were stupid enough to give them campaign money just months ago) , doesn’t that make you just a wee bit nervous about how well they are going to treat that other little U.S. bond obligation: The Federal Reserve Note?

So have fun, and be a silly piebald carnival piker if you’re so compelled.   By all means, stuff yourself into the clown car with all the other PPT nutjobs .  Throw some funny money at chip stocks that have been moribund since Bill Gates was still a virgin, if you feel that exercise will further your spiritual growth.   Go nuts. 

Hell, you’ll probably find me in that same Yugo  from time to time, playing Parcheesi with Ragin Cajun  whilst simultaneously sword fighting  The Chart Addict.    I’m human, after all, and enjoy an OTB rocket ride for greasy coin and bed bugged comfort as much as the next guy. 

Just don’t get too homey in that clown car, Homey.  Five will get you ten it will soon be remandered by the EPA for egregious CAFE standard violations, environmentally malevolant tailpipe emanations,  and toxic silly string abuse.    Then it’ll be medical experiments for the lot of us.

Well, not those who have been prudent about tendering some savings to the Jacksonian Core Holding Portfolio, whose hard money and hard asset plays will serve to keep some of us cosy with hot buttered rums and chedder toasties , whilst the OTB pikers scrape at our doors.  No luck for them I’m afraid.   They shall be turned out with a stern warning from Cuddy, our trusty footman.

But Cuddy welcomes the purchase of silver this day, as the Three Musketeers SSRI,  PAAS and  SLW scored again, with wins of 7.64%, 5.39% and 3.75%, respectively.   Do you get the feeling the market is trying to tell you something, Jacksonians?  

Beating even silver today was coveted (but not precious) metal molybdenum, as  JCHP member TC rang the bell with gains of 9.36% today.   All in all, the Portfolio only had two slight losses, and both in the red hot agricultural sector.  I expect MON (-0.69) and ANDE’s (-1.09)  small losses to be more like rests than ultimate pullbacks.   Still, this is why we’ve diversified even within this stable grouping, up 2.85% for the day.   Now quickly, onto our daily review:

ANDE — $22.62  (-1.09%)

GDX — $38.43 (+2.51%)

GLD — $90.96 (+0.66)

IAG – $9.88 (+1.23%) 

PAAS — $19.74 (+5.39%)

RGLD – $40.66 (+2.16%)

SLV — $13.98  (+2.95%)

SLW — $9.13  (+3.75%)

SSRI — $20.86  (+7.64%)

TBT — $51.04 (+1.07%)

TC — $9.00 (+9.36%)

TSO — $17.22 (+3.11%)

Daily Average:  +2.85 %

________________________

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A great day for Jackson, the posthumously mentioned President to whose name  I’ve appended the Core Holdings.   This other Jackson, I’m not so sure, as I haven’t heard much from him recently.  It’s quite possible he’s retired now,  having achieved the final goal of his career — having an African American pro-abortionist receive an honorary degree from Notre Dame!

Er,  I mean seeing an African American elected U.S. President of course! 

Oh who knows, anyway?  He’s smiling about something at least, which, as Aunt Martha will tell you,  is a good thing.

Today was surprising, to say the least, especially as I had been worrying my fingernails  all weekend contemplating the words of my oft-prescient asset manager friend Chivas on the Rocks.   To be specific Mr. Peanut Butter Jelly Time told us Friday — “Hit the deck, it’s (likley a) Gap down Monday!” 

Luckily for me and mine, I weighed that sage advice against the lowing of the PermaTard community also gibbering and capering all last week about the End Times and the Death of the Sun, like some primitive bushmen frightened by the eclipse.   Volcano fodder, I claim these pagans be, and so good contrarain indicators as well.  I held my ground, by Jupiter’s Stone, Mars’ gall bladder and Juno’s clavicle.

So whether it was donkey dumb luck or Irish stubborness (some might say those’re the same) that kept me long –save for the small position in SRS (which I won’t sell) and the hedges I’ve mentioned previously — I really can’t tell you.  However, that stance has served me well these last nine weeks, and I shant turn agin’ it until I see the curl o’ the wave. 

Don’t get me wrong, I’m not seeking to get measured for a clown coffin, complete with “Bozo holes” in the base for shoe accomodation.   We are building the Jacksonian Portfolio for uglier days, after all.  But for now the ship sails in Carribean sun and we shall bask on her decks alongside the complimentary Hooter’s girls and chilled Dos Equis. 

Heck, we may even keep this [[SONS]]  and [[QSII]] position a couple of more days just for shizzles and the gizzles.

In the meantime, your Jacksonian Core Holding Portfolio is as substantial as the enameled decks of our sun bathing clipper ship.   Mind, it will serve you well when it’s time to batten down the hatches.  Today’s readings: 

ANDE — $22.87  (+7.32%)

GDX — $37.49 (-0.42%)

GLD — $90.36 (-1.30)

IAG — $9.76 (-0.71%) 

PAAS — $18.73 (+0.38%)

RGLD — $39.80 (-0.43%)

SLV — $13.58  (-1.38%)

SLW — $8.80 (+2.56%)

SSRI — $19.38 (+1.68%)

TBT — $50.50(+2.79%)

TC — $8.23 (+7.58%)

TSO — $16.70 (+0.60%)

_____________________________

UPDATE: The Jacksonian Silver Plays are leaving the station (SSRI, SLW, PAAS).  I also bot 5k more of EXK for giggles (ie, NOT a Jacksonian stock by a long shot).

Caveat:  If you decide to purchase EXK your family will be kidnapped by gypsy werewolves one day after the Lone Ranger stops by to borrow your last silver bullet cartridge.   And you could lose your investment.

_____________________

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