Sorry I haven’t been around to post pictures of ugly food, but I had to blow out of here real early tonight, as Bob Dylan and his Merry Band, along with Willie Nelson and John Commie Mellancamp were in town for a great five plus hours of rock & roll.  They were uniformly good, and Dylan was border line great tonight.   Pretty impressive for a 68 year old dude, living legend that he may be.

Willie is 76 which is just freaking incredible, given that he sounds exactly like he does on the radio.   Even John Commie Melons was pretty spry at 58.  Still, they could’ve dropped him from the team and not have had such an odd mix of iconic greats with aging boy popstar.   It makes one wonder — who will Bob tour with next, Vanilla Ice?

Because I just got back, and because I’m out all day tomorrow, there won’t be a Jacksonian Summary today.  Looking over the list, it’s a pottage of offal.  Down almost 3% today, with our money padrones, both gold (price $911.70/oz.) and silver (price $12.90/oz. ) getting beaten up in a summary back alley fashion, purportedly by Treasury Bond Salesman bearing Snidely Whiplash moustaches.

IAMGOLD Corporation (USA) [[IAG]] was the worst of the lot, down over 8%.  I think that means we get a bounce tomorrow, given that there’s strong support at $9.00 (where we bounced today, btw).    I do think that the price of gold goes to $890 or so, here and that the miners are preceding that move.  

 Again, those of you who are lucky enough not to have a full position should be taking this opportunity to add at least some IAG here.   Yeah, we might see lower prices, but not three months from now.    This is stock that I believe will see at least $15 before the year is out, which is a 66% move from here.

The same can be said for Eldorado Gold Corporation (USA) [[EGO]] , Silver Standard Resources Inc. (USA) [[SSRI]] and Silver Wheaton Corp. (USA) [[SLW]] , all bludgeoned today as well.   Again, nibble with a sidelong glance for the great cat named Treasury, but nibble nonetheless.   You shall soon bell that cat.

I expect we’ll get something of a bounce tomorrow — in almost everything — but again would not be surprised if there is some follow through drubbing on some of these, including even [[TBT]] .   I will be out, but may take the opportunity to dial in some more [[TZA]] on a rise tomorrow, just to continue hedging these summer doldrums.

Non-PM Teck Cominco Limited (USA) [[TCK]] got whacked today too, but I think we may get a bounce tomorrow thanks to our friends at Alcoa Inc. [[AA]] .

On my recent non-Jacksonians, [[BIOS]] can easily get back to $5.25 (its 20-day) and Health Grades, Inc. [[HGRD]] still looks very strong here.   Healthcare seems to be a continuing “safe haven” in this period.   Checkout Amgen, Inc. [[AMGN]] for reference.

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Teck Cominco Limited (USA) [[TCK]] is the strongest of the litter, here, and most of the precious still have work to do.  The silvers in particular are giving me agita, but only in that they are making me wait.

I bot some more Silver Wheaton Corp. (USA) [[SLW]] today as it tested its 38.2% fib, and [[PAAS]] and Silver Standard Resources Inc. (USA) [[SSRI]] had similar (though not as severe) pullbacks today.   Seasonally, we’ve entered into a slow period in the PM’s, but I am just not willing to sell anything right now, given the precariousness of the bond and dollar situation.   Sure, we could have more strength in both, but I just keep looking at the amount they have to sell this week (hat tip to Scum Bucket), and… well, let’s just say hard money is looking a lot more appetizing, and I’m getting ready to reload on more [[TBT]] . 

Of my non-Jackson’s Allied Nevada Gold Corp. [[ANV]] was actually a gold miner that was up today, and I’ve already mentioned that I increased my position in Rubicon Minerals Corp. (USA) [[RBY]] .   Pretty soon I’m going to look like a gypsy Queen with gold and silver (and a touch of platinum, though I’ve yet to add to my starter position in [[PTM]] yet) dangling off my fingers, toes, ears and dreadlocks.

But that’s what our major theme is going to be here, folks, for the duration, so get used to it.  Soon, you’ll thank me for my persistent nagging.  In fact, it’s quite likely that someday, you’ll be adorning your children in “just 4 Kids” NY Giant paraphenelia in my honour (sic), and sending them off to college with tuition bills paid for in gold doubloons and pieces of eight.

I have every confidence.   All I need is the patience of a Bengal tiger in the deep brush on the annual Marlon Perkins’ Eat a Safari Tourist Day.  

Non PM picks I like, if you’re interested, include [[BIOS]] and Health Grades, Inc. [[HGRD]] here.   Best to you all.

Name/			%
Ticker	2-Jul	6-Jul	Change		Comments
ANDE	$                 30.89	$               29.67	-3.95%		Bounced off 20 day, sell on break $28.90
EGO	9.25	8.75	-5.41%		Closed a cent over the 50-day ($8.74)
GDX	38.31	36.94	-3.58%		Gapped down, doji’d, 200 day $35.94
GLD	91.25	90.76	-0.54%		POG $925 headed for $900?
IAG	10.34	9.93	-3.97%		Bounced off 50 day, patience, a keeper
MON	71.96	73.26	1.81%		Bounced as I suspected, but vol. sucks
NRP	20.77	20.70	-0.34%		Still oversold, but hanging in.
PAAS	18.22	17.83	-2.14%		Looking weak, still.
RGLD	41.52	39.04	-5.97%		Below 200 day EMA, looking weak
SLV	13.16	13.10	-0.46%		Oversold, but 200 week beckons (12.40)
SLW	8.40	7.75	-7.74%		Closed penny over the 38.2% retrace, I bot.
SSRI	18.79	18.20	-3.14%		Doji’d but could seek $17 one more time
TBT	50.73	50.94	0.41%		Looks ready to make a move
TC	10.36	10.07	-2.80%		Could target 50 day ($9.00)
TCK	16.09	16.88	4.91%		Chinese investment give a pop.
TZA	23.63	24.34	3.00%		Portfolio saver again, still 1/2 position
Cash (000)	$               13.44	$              13.44	0.01%		Same
AVG (daily)			-1.76%
AVG (monthly)			-1.14%
AVG (inception)			11.26%

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