Truck O’ Molten Assets
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That beeping sound you hear is me backing up the truck, and grabbing some more lovely PM positions as the sun goes down on this day of dollar death.

I’ve mentioned that I love Allied Nevada Gold Corp. [[ANV]] for the long term, almost as much as I like Silver Wheaton Corp. (USA) [[SLW]] on the silver side. IAMGOLD Corporation (USA) [[IAG]] and Eldorado Gold Corporation (USA) [[EGO]] cannot be ignored here either.   They are running on Greek kisses and Spanish wishes, but so what?   With the dollar (DXY) and it’s proxy, [[UUP]]   down 53 cents and 17 cents, respectively, as we speak, I think we may have that turn in the dollar we were looking for at last.  If we continue to stay below that magical $80.20 line, I’ll be even more sure of it.

Let’s face it folks, it would be great if the European Central Bank could maintain this Teutonic “austerity” charade with regard to it’s wayward little brothers to the South,  but the fact is, if they want to keep their phony baloney Starfleet Federation currency trading with any credibility, they will have to continue to subsidize the mistakes of the least common denominators.    And yes, this seems anti-intuitive, to save the Euro by weakening it with these bailouts, but the fact is the world markets prefer stability to necessary nut cutting.

Truth is, the Germans will some day emit a huge sigh of relief when they get their beloved Deutschmark back and they can once again run rampant over the rest of the Europe in currency blitzkrieg, if not via their formerly preferred method of  “Large Iron Rolling.”    Until then, they will stubbornly continue to try to make this European Union thing work,  and cope with continuing annoyance at those who would rather hang out in the sun, drink Ouzo  and go sailing, whilst dancing the mazurka and opening large menu diners.

All this brings me back to the punch bowl party over on this side of the pond.  With the Euro saved,  for this week at least, the robots at Goldman Sachs have been re-programmed to short the dollar and buy Barbie dolls and other such Mattel, Inc. [[MAT]] toys — Hasbro, Inc. [[HAS]] anyone?

We, the proleteriat, can now come back down off our panic chairs and continue with our most profitable line of employment — namely, fondling gold bars until their corners go smooth and sucking on silver ingot lozenges until our colds go away.

I continue to love, and accumulate the above mentioned names, and in addition I am grabbing, as I type (with my other hand) some [[EXK]] , Royal Gold, Inc. [[RGLD]] , Exeter Resource Corp. [[XRA]] and the “N’s” — NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] .   

Last but not least, I like lithium (you know why, don’t you?) in Sociedad Quimica y Minera (ADR) [[SQM]]  , and I like to say “molybdenum” ten times frontways and then ten times backways.   If Thompson Creek Metals Company, Inc. [[TC]] is not bought out by the likes of BHP Billiton Limited (ADR) [[BHP]] or Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]] or even Teck Cominco Limited (USA) [[TCK]] (its fellow Jackson) within two years, then I’ll be greatly surprised unto paralysis.

Peace be upon you, my brethren, as our plan “comes together, right now, over me.”

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Well it was a day so full of hammers in the Jacksonian portfolio that we could have built a break front works that would have repelled the stoutest of cavalries.  You can see my comments in the notes about them, but generally a lot of hammers means that you are seeing final bottomings in stocks as they open high, chase a bunch of sells lower and then close high again, working out final selling positions.

I say this happens “generally,” but we shall see what happens tomorrow.    The good news is we’ve gotten to pretty oversold conditions in almost all of the Jacksons, so those of you who have been picking up bargainst these last few days, bravo.   I think we shall see some action as we head towards the end of the week.   As it’s options expiry, I hope it’s not that X-rated kind of action no sensible gentleperson wants to see.

I was doing some work on fibs, but I have to run to a lacrosse game, so my findings will have to wait until an addenda is readied with my findings.   Let’s just say these ten year fibonaccis are, in the words of Commander Spock “Quite fascinating, Jim.”

Many apologies to those not named Jim.

Here are the “notes,”  I will talk to youse latah.

Name	16-Jun	% Change	17-Jun	% Change		Comments
ANDE	$ 29.04		$ 28.88	-0.55%		Still in triangle consolidation.
EGO	8.51		8.65	1.65%		Bullish engulfing, two days black now.
GDX	38.37		38.23	-0.36%		Nice hammer on the day, despite slight down.
GLD	91.93		92.35	0.46%		POG $940, beautiful hammer.
IAG	9.54		9.65	1.15%		Hammer off the 23.6% fib, too.
MON	81.62		81.08	-0.66%		Opened down, nice recovery.
NRP	22.44		22.13	-1.38%		Red hammer just above the 38.2% (22.05)
PAAS	20.74		20.39	-1.69%		Held support at $20, oversold like a mothah!
RGLD	42.90		43.73	1.93%		Bouncing on 43.50, another EOD selloff?
SLV	13.99		14.12	0.93%		POSilver @14.34, $13.80 support held
SLW	8.92		8.80	-1.35%		Hammer on $8.50 support, nice trade PPT!
SSRI	19.62		19.22	-2.04%		I bot it one last time as promised! $19.02.
TBT	53.59		54.17	1.08%		Bot back 1/2 my calls today as promised.
TC	10.68		10.50	-1.69%		Caught support @ 9.60 and then took off. Hammer.
TSO	14.98		14.98	0.00%		Is TCK the replacement, let’s hear your vote!
AVG (daily)				-0.17%
AVG (monthly)				-7.44%
AVG (inception)				16.22%

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PS — note the final comment on TSO, which goes away soon.  I am seriously thinking of adding [[TCK]] which I added today at $15.04, to the Jacksons.   It’s only serious competition is [[BHP]].  What say youse?

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