(This Car’s body and frame are made from Carbon)
_____________________

I know I’ve been waxing poetic about the bounties of raw commodity gold and silver plays, and gosh knows AGQ, MVG, AG, EXK and SLW all performed mightily today, as did ANV and IVN on the gold side (among many others).  However,  I would counsel you also that there’s a whole wide word out there from which to choose.   Make no mistake, the European crisis is not going to be over with the waving of a magic juju stick that makes every price legitimate and no bank under pressure for insolvency.  Call it what you might, but this bailout is simply kicking the can down the considerably strung out road by tossing more money at poor Greek monkey grinders who will only convert it to a lamp shade or a fancy brooch.

That means inflation.

That means all commodities will be in play.  Let’s have some fun, shall we?  Indulge me.   Old favorite (and Jacksonian) beat down TCK was roaring like a Bengal tiger caught in an escalator, up over 10%.   TC — the molybdenum favorite and also Jacksonian was up 7.25%, and even my favorite WNR was fully erect today, adding a cool 9.5%.

But here’s that long developing carbon play I threw at you some months back — CCC.  Remember that monthly chart?  The one that showed that neat consolidating triangle?   Well, faith and begorrah, that triangle is still intact and still consolidating (much like AUY in the recent past).   And given that there are two days left in October, we might even have the pleasure of an actual breakout of some significance here:

Two days for a paradigm shift possibility.  Is that too long to wait?   I wouldn’t.

PS — I have another favorite PM play that has a beautiful monthly chart as well.  Perhaps I’ll share tomorrow sometime if you are pleasant.

 

Best to you all.

Comments »

`Twas brillig, and the slithy toves
Did gyre and gimble in the wabe:
All mimsy were the borogoves,
And the mome raths outgrabe.

“Beware the Jabberwock, my son!
The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
The frumious Bandersnatch!”

He took his vorpal sword in hand:
Long time the manxome foe he sought —
So rested he by the Tumtum tree,
And stood awhile in thought.

And, as in uffish thought he stood,
The Jabberwock, with eyes of flame,
Came whiffling through the tulgey wood,
And burbled as it came!

One, two! One, two! And through and through
The vorpal blade went snicker-snack!
He left it dead, and with its head
He went galumphing back.

“And, has thou slain the Jabberwock?
Come to my arms, my beamish boy!
O frabjous day! Callooh! Callay!’
He chortled in his joy.

_____________
(Note: Above is actual eye witness report of my Fed Dollar battle today)

Not much to report tonight.  A little bit of pullback at midday, but I did indulge in some egregious silver miner [[CDE]] call options (as reported in the earlier thread, I took down 40 Oct. 17.50’s at $2.60) for a lark.  I really do think CDE will be a nice hold here for a bit.

IAMGOLD Corporation (USA) [[IAG]] had some run up today (to $14.87!) but then sold off to end the day at $13.40. This stock doesn’t seem to know what to do (it was up again 25 cents in AH), but I would guess it’s going to consolidate along with a bunch of other fast runners here, including even our $HUI index. I still like silver here, as I may have mentioned.

On the non-precious side The Andersons, Inc. [[ANDE]] has broken out over $33 and my next target is $39. Despite all the other rockets popping, this is still my best performing Jackson at +99.6% since our May 1st inception.

Other non PM Jacksons that look strong here are again Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] . Monsanto Company [[MON]] bides its time, but reserves the Hippocratic Oath for now. Other non-PM “hoppers” I like include RTI International Metals, Inc. [[RTI]] , Calgon Carbon Corporation [[CCC]] , Titanium Metals Corporation [[TIE]] and yes, even Alcoa Inc. [[AA]] .

The Jacksonian Portfolio stands at a “mahvelous” 31.4% return for the little more than four months its been in place. I thank you for your patronage.

See y’awl tomorrow.

__________

Comments »