I’ve been out all day, and I just realized I never even put down yesterday’s Jackson Portfolio display.   Must have been a cognitive dissonance thing, as the portfolio was down a little more than 1.5% yesterday (with cash, which the intraday changes don’t incorporate). 

Anyway, I figured I’d make it up to you by including this somewhat pedantic, yet useful “tardiness” tip sheet I cadged from “CommunicateInnovate.com” — in itself a useful site.   I also left off the comments from yesterday, since the rebound kind of makes them useless.    Looks like both gold and silver are staying within the range, and Mr. Anderson continues his winning ways… Onto the “tips” —

Bottom line: Whether it is a thrill or habit, there are steps you can take to reduce and eliminate your chronic tardiness problem. How do you respect and effectively utilize the universally shared commodity of time?

Balancing your time with those around you is an ongoing challenge. Be vigilant about effectively using your time and anyone sharing your time. Your calendar, your day timer (or PDA) and the clock are intrinsic tools of the business trade. Learn to tell time, use timers and challenge yourself to get there on time. There are mental mind-sets and effective meeting processes that can help you kick the tardiness problem (they helped me). Consider your scheduled meeting times as just a center point of your overall meeting time. It is usually the informal meetings or contact before and after the formal session where most of the business or decisions are solidified.

Always allow time for this informal contact:

1) Allow yourself 15 minutes before each scheduled meeting or event to: – get your thoughts or agenda together at the location for the meeting – have a quick meeting with the main person to review the agenda – chat with the person who is setting up the meeting room to get information on the attendees. Executive Assistants and Administrative Assistants can be an invaluable source of information. Build trust with this individual. – socialize and introduce yourself to the attendees prior to the formal meeting. You are likely to pick-up on the temperament of key individuals attending your meeting.

2) Allow 15 minutes after each scheduled meeting or event to: – review how effective the meeting was perceived by your key customer (coach) or by an attending colleague. – Take time with the key person (key influencer) to review the outcome of the meeting and strategize next steps – Test the water and ask for the business. You might actually get the order. Alllow time for that too

3) Give yourself the 15/15 minute buffer before and after each scheduled meeting to allow for unexpected things. Plus you will less likely impact on subsequent meeting times. Early is always better than late.

Arriving on-time is the most visible sign of disrespect toward the other people involved. For first time meetings, being on-time is one of the major positive impacts on ‘first and lasting impressions’. Add to your good reputation – be on-time. Including this “15/15 Time Wrapper” around each of your scheduled appointments and meetings will afford you more time to prepare/strategize (before)and then assess/close(afterwards). Reduce stress on both yourself and those around you. Your respect for other people’s time is a measure of your own self-respect. Being respectful is an honorable trait – a trait that can only add to your glowing reputation.  

About the Author:

Carl Chesal is a business and channel development consultant, trainer, internet marketer and professional photographer. He operates BizFare Enterprise Inc, providing business development, marketing, and internet marketing services. Bizfare Enterprise also operates a number of secure on-line shopping sites.

____________________________

12.74%

Jacksons from Yesterday:

Name/			%
Ticker	29-Jun	30-Jun	Change
ANDE	$      29.91	$      29.94	0.10%
EGO	9.45	8.95	-5.29%
GDX	39.15	37.82	-3.41%
GLD	92.04	91.18	-0.93%
IAG	10.30	10.12	-1.75%
MON	75.93	74.34	-2.09%
NRP	21.02	21.01	-0.05%
PAAS	18.55	18.33	-1.19%
RGLD	42.97	41.69	-2.98%
SLV	13.66	13.38	-2.05%
SLW	8.52	8.24	-3.29%
SSRI	19.16	18.75	-2.14%
TBT	50.65	50.92	0.53%
TC	10.57	10.22	-3.31%
TCK	16.06	15.94	-0.75%
TZA	22.52	22.75	1.02%
AVG (daily)			-1.72%
AVG (monthly)			-6.98%

 

AVG (inception)

Comments »

Mmmmmmmmmm….. Deeee-licious!

Looks like our friend “Baby $HUI” — the Amex Gold Bugs Index is just about to pull back to our second line of resistance that I’d plotted out some week and a half back.   If you recall, the chart looked like this:

In the above, we’d hit that magic $400 barrier and come back already to our first point of resistance.  Well, as of late last week, we’ve come very close to that second line and will likely hit it sometime today (Update: We’ve hit it and then some at $341– next stop could be our 13 week MA at $337.30).   Therefore, I think we need to keep our eyes open for a bounce here at least back to that first resistance level at $375.    Here’s where we are today:

Because of the relative strength of this sector, I think it will continue to lead, and show it’s bull head before the rest of the market does (if in fact the rest of the market continues with its bullish ways).   Short synopsis, this is your only confirmed bull in the market right now, with most names riding above their 200-day MA’s.   Therefore, this is where you want to play for fun and profit, no matter with what specie you purchase your ice cream cones.

There are a couple of POS miners that have yet to truly participate in this rally, and that may be because they are POS, so take this next chart with a kiloton of salt.   It’s the old dog, [[CDE]], which has dropped back down to attractive levels again, and is down over 5% as I type this.  Keep a tight stop here, but I continue to think this old hag still has a chance to come close to her 200 day MA at close to $30 here.  Here’s her weekly:

One last note — be cautioned as [[UUP]] is back above it’s 61.8% fibonacci line of $24.06 as of about 9:40 am this morning, which could spell at least temporary trouble for the markets in general.   In the case of this PM bull, I believe it smells of  opportunity.  Best to you all.

__________

Update:  Barron’s weekend pick  and Jakepick (non-Jacksonian) [[NG]] showing her mettle, up almost 8% in a down market.  I own shares, but will likely add to weaker names.  [[RBY]] in particular looks good here.  Word on the PPT is that it’s a possible [[GG]] takeover.

Update: @ 1:57 pm, $HUI is right on the trendline right now at 334, give or take.   If UUP folds over, this could be an excellent purchasing opportunity.  Keep a gimlet eye!

Update:  Bot 1k more [[AGQ]] @ $44.01.

Comments »

Great news for those of us on the Jacksonian Sound Money Bus.    Mega –“Correctumundo” mortgage backed bond-shorting hedgie  John Paulson of Paulson & Co. has been piling into gold and gold miners in the first quarter of the year.   Propitious for us, no?

From the Bloomberg article:

May 15 (Bloomberg) — Paulson & Co., the hedge-fund firm run by billionaire John Paulson, increased its investment in gold and gold-mining shares in the first quarter, according to a regulatory filing.

As of the end of the first quarter, Paulson was the largest holder of SPDR Gold Trust [[GLD]], an investment fund that buys gold bullion. The New York-based firm owned 8.7 percent of the fund, valued at $2.8 billion as of March 31, according to a filing with the U.S. Securities and Exchange Commission.

That position was established as a hedge, the company said in a statement, because its funds have a share class that is denominated in gold rather than in dollars or euros.

Paulson bought or added to several gold companies in the quarter as well. He purchased a 15 percent stake in Market Vectors Gold Miners ETF  [[GDX]], a fund that mirrors the move in the Amex Gold Miners Index. That stake was worth $638 million at the end of the quarter.

Paulson also bought a 2.6 percent of Gold Fields Ltd. [[GFI]], becoming the fourth-largest holder of the Johannesburg-based gold miner.

The investment firm, which manages $26 billion, also bought an additional 2.4 million shares of Kinross Gold Corp  [[KGC]]. Paulson owned 4.4 percent of the Toronto-based gold producer and was its third-largest holder at the end of the quarter.

Paulson reported owning an 11.3 percent stake in AngloGold Ashanti Ltd. [[AU]], also based in Johannesburg, in March.

Rejoice Jacksonians, you are in the company of “the smartest guys in the room” since 2005.  

A hat tip to my friend and fellow Precious aficionado Gary Savage at The Smart Money Trader  for sending me the good news.

Ciao for now.

________________

Updated translation of the above for my hardened Gaelic friends:  Latha math dhut!

_________________________

Comments »

AGQ (+3.75%)

EGO (+2.28)

EXK (+8.24)

GDX (+4.42)

IAG (+4.11)

PAAS (+1.28)

RGLD (+6.98)

SLV (+2.04)

SLW (+5.78)

SSRI (+7.41)

And newcomer (bot 10k @ $2.19 late day) — NGD  (+13.54) 

Non precious Jacksonians MON (+4.82) and TC (+3.36) did well today too.   

Ever onward — this PM revolution is not done by a long shot.

_______________

[youtube:http://www.youtube.com/watch?v=Gz3Cc7wlfkI 450 300] 

___________

UPDATE:  Looks like we will have a chance, however brief, to get into some of these silver (and gold) plays this morning if we have been remiss.  With my usual caution, I will wait until 10:00 am or so to see what the market looks like.   I will be looking specifically at the smaller caps, like EXK, ANV, EGO, NG, NXG, and even CDE and HL.

Comments »

What the hell was going on with my silver and gold plays today?   Something sneaky I thinks, my preciousss, yes…. verrrrrry sneaky, it is, yessss! <Gollum>!

A lot of people who watch these things were commenting on the PPT and elsewhere about the noticeable surge in end of day trading on almost every major precious metal play, both gold and silver.   What people may not have noticed, however, was that a similar surge — of similar length (timewise) was going on in the 10 a.m. to 10:30 a.m timeframe in those same names.   Let’s take a gander at today’s [[SLW]] 5 minute daily chart as our first example:

First, let’s note that there are 78 5-minute periods in a trading day.   In most of these examples we are talking about only 8 or 9 of those periods, because of where this buying phenomenon was taking place.   What was notable for me was WHERE these buys were coming in.   Conventional trading wisdom tells us that “the big money”  — meaning the institutional traders– will generally make themselves known in the very beginning of the trading day and at the very end.  

The first period of activity here is right at the 10 a.m. hour which is not literally the very beginning of the trading day, but perhaps marks the period where most seasoned traders begin to take positions “after the morning shakeout.”    Given that this is a Monday, and we had a relatively large negative futures position trading at the open, this explanation of “wait and see” makes some logical sense.   The uniformity across the sector also gives some indication of a coordinated purchase here,  as there were very few large well traded names in the precious metal sector that did not see some kind of activity in the 10-10:30 area this morning.

Note also the last twenty minutes of the trading day.   We can ascribe some of this scramble to short covering, of course, but large late day purchases generally bode well for tomorrow’s trading in these instances.   I believe that is so because institutions are clearing the way here for more explosive action in the next few days.    Keep in mind that the four five-minute candles (or, 20 minutes in total) we see make up only 5.13% of the trading day, but are responsible for 10% of the shares traded.   Again, I think this is significant not only because of the volume, but because the rapid ascent and the sharp upturn of the A/D oscillator shown in these last twenty minutes also indicates that most of that volume was buying at the ask.

Let’s look next at fellow Jacksonian Silver pick  [[PAAS]] :

If anything, the two moves in PAAS are even more significant in both price and volume, compared to the rest of the day’s trading.  The four five minute candles from 10:10 to 10:30 a.m. comprised 13% of the day’s trading and reflect a large buying program, as the price ascended rapidly.    The rest of the day consisted of light volume pullback until again, the last tweny minutes gave way to almost 20% of the day’s trading, and another rapide ascent in price.   All tolled, those forty minutes (10% of the trading day) of buying accounted for one third of the daily trading, and again seemingly almost all “on the ask”  — figuratively, if not literally.  

Let’s look last at New Jacksonian Holding [[SSRI]] :

SSRI shows a full half hour of buying in the morning, again, starting at 10:10 and concluding at 10:40.   While this morning purchase was not market by the same volume as PAAS, it again shows the rapid ascent characteristics of a persistant buyer or buyers behind the bid.    That half hour comprised about 11.6% of the daily trading (in about 7.7% of the time) and the “afternoon session” was limited to a brief fifteen minute period that was marked by increased volume and another very rapid ascent.     In that fifteen minutes (less than 4% of the trading day) we saw over 12% of the daily buying.   Again, I think it’s clear we are talking about a concentrated interest here in this final burst.

In the interests of saving time and space, I won’t go through the Jacksonian gold positions that saw similar patterns today.   Interestingly, not all of the golds — particularly the smaller cap names (like [[EGO]] and [[ANV]] ) — saw the 10 a.m. buying, at least not in the same consistent fashion.   However, they all saw the late day surge in purchasing with ANV seeing a full 23.7%  of it’s daily buying (along with a 4.5% price move) in the final 15 minutes!

We find the same morning and afternoon program purchases that we saw in the silvers above in Jacksonian pick [[RGLD]], with 10% of the daily trading between 10 and 10:25 a.m. and another 15.5% in the final 20 minutes of trading.   [[GG]] shows a very similar pattern, as do many other of the “big golds” like [[AEM]].

I guess in conclusion I’d posit that there’s something afoot here, friends, and that you should be attending to your PM positions, as I think we may see a more significant move here in the coming days.   Of course, we may not, and all of this coincidental analysis could be the result of  my rampant apophenia due to excessive exposure to William Gibson novels.    Nevertheless, I believe this action bears consideration and careful attention.

Be well, friends and enemies.

______________

Comments »

Cadged from WFMU.org with my thanks.

 Twenty-Four Reasons to hope for a stock market crash in the new millennium
By Dave Mandl
Art by Bob Piersanti

 

Cheap TriBeCa real estate

No more discussions of the NASDAQ on sports call-in shows

Twenty-three-year-old former wunderkind founder of The Globe.com arrested for beating up a transvestite in West Hollywood

No more damn books about Warren Buffett

Startling revelation: Microsoft is no more than a slave labor camp for twenty-year-old white kids that sells hideously bad software at criminal prices; Bill Gates is a pudgy, semi-autistic dweeb whose mother still dresses him

Cheap SUVs

Eighty percent of the world’s biggest assholes stranded in the Hamptons without carfare to return to New York (Note: requires summer crash)

No more articles on investing in Family Circle, Allure, Entertainment Weekly, or Car & Driver Magazine

Computer programmers stop dressing like Oscar Wilde and dating supermodels, go back to watching Deep Space Nine and eating Munchos like they’re supposed to

Every day is sale day at Barney’s

Born-again day-trading “genius” Barbra Streisand and her evil sidekick Donna Karan lose it all

Inane commodity-prices ticker at Shea replaced with Jerry Koozman monument

Price of Trump Hotels stock actually falls below zero

So long forever to Smart Money, Upside, Worth, Fast Company, and Cigar Aficionado; more room on newsstands for SweeTarts

Parade of TV market pundits swear they’ve been 80% in cash all along

New York magazine special issue: “Staten Island: The Undiscovered Gem in New York Bay”

CNBC Market Babe Maria Bartiromo back working in Nellie’s Pizza on Bay Ridge Avenue

Online brokerage firm E-Trade, its stock price under intense pressure, branches into dry-cleaning business

Web-page-designers begin to lie when asked what they do for a living

Re-emergence of OTB as a viable gambling venue

No reservations necessary at Nobu, even on Saturday night

Federal government drops its proposal to invest Social Security funds in stocks, decides to put the money in a huge stamp collection instead

Amazon.com stock certificates replace Pokemon cards as latest kids’ trading craze

Top-rated TV game show: Who Wants to Win a Roll of Quarters?

(Highlights mine.)

Will attempt to get a weekend update up about the S&P and the Jacksonians between wedding festivities.  Silver and gold and their miners still looking very stable here, which is important.  Ciao* for now.

________________

* (in a good way)

_____

Comments »