An expert rebuttal:
[youtube:http://www.youtube.com/watch?v=CaK9bjLy3v4 450 300]PPT Favorite (at one time #1 pick) QSII (PPT: Buy) is looking like it wants to make another move over 52-week highs here. On the PM side, the one damn silver stock I have been watching but not recommending — SSRI (PPT: Sell) is making a nice catch up move here, to it’s recent highs of $17.88, but I think it needs nice pullback and $17.00 or so would provide a better entry when it does. In the meantime, SLW (PPT: Sell) (back above it’s 200-day MA) and PAAS (PPT: Sell) continue to be “accumulates” here, along with GDX (PPT: Buy), all for the long term portfolios.
On the best PM on the radar right now, I’d look at RGLD (PPT: Sell), I think RGLD has finally recovered from it’s secondary sale, and will begin its run back to old highs this week. Near term targets $41, $46 and $48, depending on how long you’d like to hold. RGLD will be featured as a Jacksonian Core Holding stock, soon. Stay tuned, bacon lovers, more pork products to come.
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UPDATE: Bot 2,000 more RGLD @ $37.52
UPDATE: Bot 4,000 more ANV (PPT: Sell) @ $5.83-5.86
Caveat: If you follow me into (more) Royal Gold or Allied Nevada, there’s a 73% chance your favorite son will be conscripted to guard Fort Knox for Derby Week. You may also lose cash munny.
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Further update: Bot 4,000 sh starter position in Thompson Creek Metals (NYSE: TC) @ $6.06.
Caution: very volatile. If you purchase TC you will likely be struck by a meteorite made of pure molybdenum, and that might sting. Also, you might lose money, quickly.
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