While it may have seemed we only experienced a slight pullback day for the market, today was in fact a sad day for the Jacksonians, as we saw another original candidate get the old “heave ho” out the door for lack of performance.  I will admit, I gave Natural Resource Partners LP [[NRP]] a little more leeway than I did Tesoro Corporation [[TSO]] , as it carried with it a phat dividend (over 10% as of today) and it was a royalty play rather than an operating miner (much like fellow Jackson Royal Gold, Inc. [[RGLD]] is a gold royalty play), which I thought gave it some “rent safety” over the operators.  No such luck.

You see in prudent Jackson land, there’s only so much loss a play can take, and when NRP broke $19.31 today (a significant support level), it hit our stop, and we sold the remainder (207.555 shares) for a loss of 19.9%. Luckily, I only had 1/2 a position left, having sold the first half at $20.50. Still the bludgeoning (before dividend payments) was substantial.

What was I thinking picking a stock with a symbol so easily dyslexia’d into the acronym for National Public Radio, anyway?   Should’ve been a sign to me …

Luckily, despite these minor setbacks, the rest of the Jacksonians are hammering along hard enough to keep the overall returns over 21.6% since inception on May 1st. The Andersons, Inc. [[ANDE]] and Teck Cominco Limited (USA) [[TCK]] remain my top winners (even as I added to my TCK a scant few weeks ago at current levels, my blended return is still 40%).

I believe the gold and silvers are going to take off here as we head into the last months of the year, as they are wont to do historically. In that regard, IAMGOLD Corporation (USA) [[IAG]] , Eldorado Gold Corporation (USA) [[EGO]] and Silver Wheaton Corp. (USA) [[SLW]] are my top performers, with returns of 44.64%, 39.13% and 30.05%, respectively, since May 1st inception. Of those, I think SLW will have the greatest momentum as we head towards Christmas, because silver continues to be undervalued compared to gold.

_________________

Speaking of gold opportunities, I threw out New Gold Inc. (USA) [[NGD]] yesterday, and although it didn’t move an inch either way today, I continue to think it a strong play here, especially on a pullback to the $3.30 area.   If we’re not that lucky, I believe it’s a buy over $3.55 as well. 

I also wanted to point out another junior that I think will be a mover going forward here — Rubicon Minerals Corp. (USA) [[RBY]] .   Have a look at the daily chart:

And really, I think the weekly should cinch it for you.  It’s so eeeeeasy– a cup and handle, for goodness sakes!  And on the weekly, no less.    My take:  wait for that break of $3.21, and then… blammo!

 

One last admonition — watch [[UUP]] tomorrow for your signal.  A break above $23.31 or so will mean a little bit more waiting on the gold selections.  But if  UUP turns down again– towards my target of $23.05, that will probably mark the break out run of a great many junior gold and silver plays.

Best of luck to all my Jacksonian stalwarts. 

___________________

Comments »

Today was a bit of a crapola day, no denying, with “Most Favoured (sic) Jacksons” The Andersons, Inc. [[ANDE]] and Teck Cominco Limited (USA) [[TCK]] taking a severe frond thrashing to the buttocks, and most favoured (sic) silver stock Silver Wheaton Corp. (USA) [[SLW]] feeling the pain as well (among others).

However, for balance, my giant Eldorado Gold Corporation (USA) [[EGO]] is breaking the futz out, again!  Since this Jackson has been a laggard for a while, it gives me some hope for the whole group of PM’s in the Jackson Portfolio.  And believe me I need some surcease after being gutshot with a double barrel full of salt-rime this afternoon by my top two reliables and my “reliable laggard” Natural Resource Partners LP [[NRP]] –which I truly am beginning to tire of. 

Fat dividend or not, NRP may soon go the way of Tesoro Corporation [[TSO]] and onto the charnel heap if it does not get its act together soon.  

But on to sweeter things.   Two Jacksons are showing great promise, EGO being one, as mentioned — and look at this bust out chart:

And the weekly show even more clearly the significance of the breakout into the “free air” territory:

Is it overbought?  Sure, a little.   But so was The St. Joe Company [[JOE]] yesterday, and that sucker kept steamrolling today.  Ours not to reason why, Jacksons….

But let me show you one more that may turn out to be the best gold stock in the Jackson Portfolio (I’ve felt that way for a while now).   Look at how IAMGOLD Corporation (USA) [[IAG]] is setting up here.   This may be the one you really want to look at for tomorrow:

As the chart says, a break of $11.51 on volume will tell the tale.   Happy Hunting Jacksons.

_______________

Comments »

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]] .

_____________

Comments »

 

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.

_______________

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.

Comments »

So why do you insist on fighting him?   Listen, hippy — you can disparage Monsanto Company [[MON]] all you like, but the fact is, that like the other chemical company everyone loves to hate The Dow Chemical Company [[DOW]] (or was it E.I. du Pont de Nemours & Company E.I. du Pont de Nemours & Company [[DD]] , I can remember?), Monstrous Santa brings good things to life, up to and including radioactive carrots as big as your thighs.

No, no, that last was just a sop to the active imaginations of the Luddite Hippy Masses (“LHM’s”) who think that unless you are breaking ground with a sharpened stick and planting only hand gathered (never plucked!  never, never plucked!) acorns in erratic rows, you are insulting “Mother Gaiea” and any manner of other animistic woodland nymphs and faerie (sic) creatures.

Fact is Monsanto is going to feed the world, and the world is going to thank them for it.   Everyone except the LHM patchouli smoking minority and Luddite millionaires like Paul Ehrlich of course, who — along with propagandists Al Gore and  Howard Zinn — makes money off of predicting world wide catastrophes that they can blame on our globe’s foolish lack of proper Marxist ideology.   No, these guys would rather the people of the Amazon basin continue a slash and burn stone age agrarian methodologies, as long as that means they don’t become part of the “problem”  —  i.e, enrolled members of the First World.  

The Euros hate Monsanto too, but for another reason.   Their agricultural protectionism makes ours look like the open bazaar in downtown Marakesch (sic).  They don’t want seeds from anywhere else but European soil, because, damnit, other countries’ seeds might actually push those lederhosen-wearing cough-drop suckers into the second half of the 20th century, four-cycle tractor engines and all.

But there’s a reason this seemingly high beta outlier lives in the stronghold that is the Jacksonian Portfolio, and that’s that feeding people will become an ever more dominating issue in this world of destroyed capital and increased liquidity.  Monstrous Santa has the intellectual property keys to solving that issue, and, barring a late hour nationalization as part of the Obamacare bill, their shareholders will benefit from that IP for years and years to come.

I’m not including the Jacksonian update from yesterday today, as I am too damn busy reading obscure legal documentia (sic) from third rate mouthpieces, and I’ve got other shit to do today as well, not the least being egregious “Continuing Ed” dealing with subject matters with which I will never in a million years have interactioin.   Gotta love bureaucracy, even in the private sector it assails me.

Know that Teck Cominco Limited (USA) [[TCK]] should be considered on this pullback, as should all the gold and silvers pulling back today.   Thompson Creek Metals Company, Inc. [[TC]] continues to be a monster, and it’s a Jackson full throttle again.  Ag-homey The Andersons, Inc. [[ANDE]] also stirs again, with its sister Monsanto.  Eldorado Gold Corporation (USA) [[EGO]] holds serve on the PM front, and I like Allied Nevada Gold Corp. [[ANV]] , Rubicon Minerals Corp. (USA) [[RBY]] and [[BAA]] here as well. 

Out for most of the rest of the day, be well.   And always remember:

__________

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 »