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.

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Not to get overly full of it (hah! me?), but the Jacksons are close to annual highs again.   What’s interesting is that most of the recent runup last week occurred on Friday, when the dollar took a significant downturn.   Now whether or not this is going to be a headfake or not should be apparent very quickly, I believe.

The only thing that gives me some pause is the [[TLT]] runup here.  I just can’t believe that lower discount won’t get a snapback here soon, and with it another pullback in the market.  Right now I continue to believe the  [[UUP]] will continue to weaken and $USD will head to its lows of $71 again.   

No need to mention, if the dollar does continue it’s retrace to the lows, the Jacksons and the other precious metals will continue to soar here.  As usual, I like the silvers, but of the non-Jacksons, Golden Star Resources Ltd. (USA) [[GSS]] is the “most ready,” and Allied Nevada Gold Corp. [[ANV]] , [[BAA]] , and Ivanhoe Mines Ltd. (USA) [[IVN]] look tastiest on the gold junior side.

Happy hunting this week. 
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Name/		%		%		Portfolio	Portfolio
Ticker	24-Jul	Change	31-Jul	Change		Value	Impact		Comments
ANDE	$       30.99		$      32.22	3.97%		$       9,728	0.23%		Over $32 new highs!  Bounced off 20-day
EGO	9.27		10.00	7.87%		$       9,370	0.44%		Huge day on Friday, should cont.
GDX	39.90		39.77	-0.34%		$     12,035	-0.02%		Another big hop on Friday.
GLD	93.41		93.35	-0.06%		$     10,736	0.00%		Lifting off  20 and 50 day here.
IAG	11.11		10.56	-4.95%		$     13,021	-0.39%		Also lifting off 20 & 50 day.
MON	84.16		84.00	-0.19%		$     13,327	-0.02%		Over 200 day still.
NRP	23.00		23.45	1.96%		$       4,867	0.06%		200 day @ 23.70, bo @ $24
PAAS	19.68		19.71	0.15%		$     11,838	0.01%		Launching through 20/50/200
RGLD	41.78		41.08	-1.68%		$     11,351	-0.11%		Above 200, testing 50 day
SLV	13.66		13.70	0.29%		$     11,129	0.02%		Also launched Friday, big move
SLW	9.23		9.18	-0.54%		$       8,917	-0.03%		Over 20/50/200 again.
SSRI	20.08		19.67	-2.04%		$     11,443	-0.14%		Over 20/50/200 again.
TBT	53.19		49.43	-7.07%		$       9,847	-0.42%		$48 looks likely
TC	14.75		14.55	-1.36%		$     11,976	-0.10%		Coming out of pullback here.
TCK	24.49		26.29	7.35%		$     17,480	0.77%		Just a monster.
Cash (000)	$     16.89		$    16.89	0.01%		$   16,891	0.00%		Same as last week no new buy/sells
AVG (weekly)				0.20%		$ 183,957	0.30%
AVG (monthly)				9.85%		Actual
AVG (inception)				23.07%		Return	22.64%

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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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