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.

________________________

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%

Comments »

 

Tonight is French Night on iBC, as ably demonstrated by Le Fly, who’s been buzzing around the streets and back alleys of Brooklyn on a moped, wearing a mime outfit and carrying hardened assault baguettes with which he has been smacking passing bearshitters.

As a consequence, our entertainment tonight will be of the French variety.  Someone sent me this following vid … some fan I guess (of the girl, not me).  I was intrigued, given the alleged huge popularity of this young woman over in Francais-land.  

Putting my French prejudices aside (as always), I look at this vid and I say — “what the hell is wrong with these people?”

I mean… haven’t they ever seen a Madonna video?  A far more hideous woman, from Michigan no-less, and yet, she makes for a far more entertaining spectacle, what with her sweaty dance kicks and conical breastusses-plates and all.  

Watching this piece, one is compelled to ask — what brilliant choreographer designed the 18-inch diameter dancing circle this young nymphette was forced to remain within?  And, was it John Travolta who taught her the “hand jive” she’s so desperately working here… maybe less to the music and more to the invisible flames engulfing her hands? 

Get this woman an L.A. talent agent, post-haste!    (Anton, I am suggesting you apply.)

And will someone… someone please insert a decent “Yo, Adrian!” at approximately 3:57 of this piece?   Thank you.

  [youtube:http://www.youtube.com/watch?v=ceSxEjwXHcM 450 300] 

_____________

As for the market today, we saw some winship and we saw some consolidation.   As a consequence, I think [[TBT]] is ready to go north tomorrow after a nice pullback today.   [[BAA]] was a glorious win of many flying colors, and I don’t think it’s done yet.   I still like Allied Nevada Gold Corp. [[ANV]] and [[EXK]] .   If I had to have a favourite (sic) Jackson tomorrow, besides TBT, it would likely be Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] — pray for a pullback on the latter.   Eldorado Gold Corporation (USA) [[EGO]] should also be examined closely.

That’s all for tonight.   Wait, there’s one more before I forget… Corriente Resources Inc. [[ETQ]] has popped on my radar, and will likely get some follow through tomorrow.    Also, I added 2k more [[BIOS]] — if you get anything this year, break off a little bit for this consistently stair stepping winner.

Best to you and I will try to continue to update you tomorrow.

Name/		%		%		Portfolio	Portfolio
Ticker	15-Jul	Change	16-Jul	Change		Value	Impact		Comments
ANDE	$     29.20		$      29.30	0.34%		$        8,847	0.02%		Could follow up w. the MOS & POT wins
EGO	9.05		9.20	1.66%		$        8,620	0.09%		Like to see it get above $9.50 here
GDX	38.29		38.33	0.10%		$      11,601	0.01%		50 day at 39.07,  might get resistance there.
GLD	92.24		91.98	-0.28%		$      10,578	-0.02%		Held up at the 50 day (92.08)
IAG	9.99		10.05	0.60%		$      12,392	0.04%		Closed over the fifty day
MON	76.46		75.74	-0.94%		$        4,442	-0.03%		Got the pullback we expected, to the 50day
NRP	22.27		22.89	2.78%		$        4,751	0.08%		All of a sudden looking strong.
PAAS	19.30		19.12	-0.93%		$      11,483	-0.06%		Closed over the fifty day, $20 the test now
RGLD	40.51		40.59	0.20%		$      11,216	0.01%		Still under 20 & 50 day.
SLV	13.06		13.09	0.23%		$      10,634	0.01%		POS consolidating here
SLW	8.41		8.39	-0.24%		$        8,150	-0.01%		Consolidating
SSRI	18.62		18.76	0.75%		$      10,913	0.05%		Needs back over $19.
TBT	53.19		52.00	-2.24%		$      10,359	-0.14%		Will likely buy tomorrow on this pullback
TC	11.61		11.81	1.72%		$        5,540	0.06%		Getting ready to crank one out
TCK	18.46		20.03	8.50%		$      13,318	0.68%		JUST BTFO.  Likely consolidate now.
TZA	21.28		20.35	-4.37%		$        4,100	-0.11%		Prolly get some strength tomorrow
Cash (000)	$      0.00		$    26.42	0.01%		26,420.79	0.00%		Same
AVG (daily)				0.46%		$ 173,365	0.68%
AVG (monthly)				2.78%		Actual
AVG (inception)				16.09%		Return	15.58%

Comments »

This is a far shortened version of the post I wrote last night that got eaten by WordPress, curse their bones. Apparently, not even the autosave was working last night.

In summary, yesterday was a bag full of fruity jelly beans and bottle rockets. The three I told you to watch — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and [[TBT]] were up some 8+%, 7+% and 5+%. They are still all buys here.

The silvers shocked me, many of them heading back over all the moving averages they had fallen below. But then silver always makes violent moves — it’s the Al Capone of the precious metal world. The silver Jacksons did well, with Silver Wheaton Corp. (USA) [[SLW]] — my favourite (sic) — doing the best at over 6% up, but in the personal holdings, non-Jackson junior [[EXK]] was the superstar, up over 14.2%.

I expect all the metals to have pullbacks today after yesterday, but I don’t think this was a headfake, either. I think the inflation numbers are starting to percolate. Remain cautious, but be sure to continue accumulating and filling out your well diversified list of juniors. These are lotto tickets (witness [[BAA]] as of late) and you just never know when they will come in. Another great example is Golden Star Resources Ltd. (USA) [[GSS]] , hat tip to whomever reminded me of them again yesterday.

Gun to my head picks today include Allied Nevada Gold Corp. [[ANV]], [[BAA]]  and more Thompson Creek Metals Company, Inc. [[TC]] . I will seek to start getting rid of my [[TZA]] today as well on any strength. Cash is starting to slow down the portfolio performance, as you can note from the relative performance numbers below. Have a great day.

Name/		%		%	Portfolio	Portfolio
Ticker	14-Jul	Change	15-Jul	Change	Value	Impact		Comments
ANDE	$      27.97		$         29.20	4.40%	$           8,816	0.23%		Winship
EGO	8.71		9.05	3.90%	$           8,480	0.20%		Ditto
GDX	36.76		38.29	4.16%	$         11,589	0.29%		$HUI bounce told the tale, to $43?
GLD	90.81		92.24	1.57%	$         10,608	0.10%		Above all the MA’s again, looks good
IAG	9.65		9.99	3.52%	$         12,318	0.26%		Winship
MON	74.70		76.46	2.36%	$           4,484	0.06%		A little overbought now, expect pullback
NRP	21.34		22.27	4.36%	$           4,622	0.12%		Decent volume move but now overbought
PAAS	18.24		19.30	5.81%	$         11,592	0.40%		Broke DT, back above consolidation zone
RGLD	39.54		40.51	2.45%	$         11,194	0.16%		Back over 200 day looking good
SLV	12.72		13.06	2.69%	$         10,609	0.17%		Nice one day move, POS = 13.33
SLW	7.88		8.41	6.73%	$           8,169	0.33%		Above downtrends now
SSRI	17.93		18.62	3.85%	$         10,832	0.25%		In consolidation zone, below all MA’s
TBT	50.63		53.19	5.06%	$         10,596	0.32%		Winship
TC	10.72		11.61	8.30%	$           5,446	0.27%		Extraordinary winship
TCK	17.15		18.46	7.64%	$         12,274	0.56%		Winship
TZA	23.99		21.28	-11.30%	$           4,287	-0.29%		Will ditch on break of $20, or sooner
Cash (000)	$       0.03		$       26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)				3.27%	$     172,337	3.45%
AVG (monthly)				2.21%	Actual
AVG (inception)				15.35%	Return	14.89%

Comments »

I think there’s some good news in the commodity sector.  I still don’t trust the silvers yet (under 200 day MA’s still)though I’m holding every last one.   I like Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] here a lot.   Monsanto Company [[MON]] is still sick, but [[TBT]] may be a purchase tomorrow as well.

I’ve been running myself ragged here, so the joozy picks will have to wait for tomorrow, but I’ve some nice looking juniors– NovaGold Resources Inc. (USA) [[NG]] , Northgate Minerals Corporation (USA) [[NXG]] , New Gold Inc. (USA) [[NGD]] and [[BAA]] — that I think will be worth your while.   [[BIOS]] should also be bot with all due prejudice. 

Let’s see what Intel Corporation [[INTC]] does for us here, too tomorrow.   But the best news would be for the Obamarxist’s socialized medicine plan to get shot down.  The Obamanists  say they’ll do it even without any GOP votes at all — which is hubris beyond all understanding, and political risk,  if one is a thinking prudent Dem.   I just don’t see that happening on such a third rail issue as the destruction of our innovative and life-saving  modern health care system.   They haven’t all swallowed the kool-aid down in Jonestown yet.

So there’s hope, which may give a boost to this market that means more than fat tech earnings.   More talk of juniors and such tomorrow.  Jacksons commentary below.   Best to you all.

Name/			%	Portfolio	Portfolio
Ticker	13-Jul	14-Jul	Change	Value	Impact		Comments
ANDE	$        27.37	$     27.97	2.19%	$        8,445.05	0.11%		Got an oversold rebound
EGO	8.47	8.71	2.83%	8,161.27	0.14%		Closed just above 20&50 day (8.69)
GDX	35.93	36.76	2.31%	11,125.91	0.15%		$HUI Bounce trade working nicely here
GLD	90.19	90.81	0.69%	10,443.93	0.04%		approaching 20 day @ $91.11
IAG	9.32	9.65	3.54%	11,898.89	0.25%		Closed over 50 day ($9.61)
MON	73.55	74.70	1.56%	4,381.23	0.04%		Held over $70, approaching 20 day ($75.61)
NRP	21.37	21.34	-0.14%	4,429.22	0.00%		Back over 20 day, 50 day @ 21.95
PAAS	17.99	18.24	1.39%	10,954.95	0.09%		Needs to get over $19 to break DT
RGLD	39.32	39.54	0.56%	10,925.67	0.04%		Still under 200 day @ 39.68
SLV	12.66	12.72	0.46%	10,331.44	0.03%		Still bouncing off 200 wk MA,  as noted
SLW	7.68	7.88	2.60%	7,654.13	0.12%		Still well under all MA’s
SSRI	17.73	17.93	1.13%	10,430.48	0.07%		In consolidation zone, below all MA’s
TBT	49.02	50.63	3.28%	10,085.66	0.20%		Breaking downtrend today, may get more
TC	10.20	10.72	5.10%	5,028.86	0.15%		Launching again, may be back in tomorrow
TCK	16.47	17.15	4.13%	11,402.93	0.28%		Above all the MA’s again, looks good
TZA	24.45	23.99	-1.88%	4,832.81	-0.05%		Fading, but holding hedge
Cash (000)	$         0.03	$    26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)			1.75%	$ 166,953.22	1.66%
AVG (monthly)			-1.00%	Actual
AVG (inception)			11.22%	Return	11.30%

Comments »