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Young Daniel-san has been nagging me lately about the other lustrous beauty, Platinum —

I interrupt this blog post to tell a funny story about an even younger Daniel — my son.  Tonight we were alone together, as the Good Woman took the other kids to see “Star Trek” (she for the second time) and I stayed home with “the baby.”  Problem is, he’s not so much a baby any more and quite prone to mischief.   Case in point, he had been locking himself in his room lately, so — clever us — we turned his doorknob around about six months back.  Skip to tonight, whilst I’m preparing him beddy-bye, he’s mucking about with the door again.   Too late — I heard the “click” — did I realize he’d turned the lock and pulled the door shut, effectively locking us in his room until Star Trek was out.  Bugger.

Anyway, ever since Danny bugged me about Platinum, I’ve been watching [[PTM]] — the most liquid ETF of the metal I could find.  Tonight I’ve taken the decision to grab some given a break from it’s current position.  Given a trial period, I may even consider it for the JCHP.   I believe the following limpid, elucidating, facile and explanatory CHART will show my reasoning (rather than have you guess as to what the hell goes through my head on taking decisions like these, along the lines of certain obstreperous , cranky “Uncle Fuckers” with whom we may be familiar):

Overbought?  Most assuredly.  That’s why I’ll wait to see if it clears this critical $15.40 mark before I dip my beak.   I think PTM should likely match the other precious metals, and continue to hold value, like it’s other “precious industrial” twin, Silver.   We shall see.

Meanwhile, ho hum, the Jacksonians were mostly green-hued again today, all save the two I’ve hedged with sold calls (TBT & TSO).  Odd, no?   It looks like TSO may take something of a hit here tomorrow, thanks to the foolishness of VLO and WNR,  it’s villainous brothers.   I’m not overly concerned, as I sold the June $17.50’s at close to $2.00 some  weeks back.   That said, I’d like to see TSO hold the $16.70, area, as that is the bottom range of it’s current ascending triangle.  

The $HUI continues to consolidate under $400, even as the Jacksonians move forward.  There should be some room for additional accumulation this week, I hope.

Name		2-Jun	% Change		Comments
ANDE		$     26.84	3.23%		Another 3%+ day, Ags still strong
EGO		10.13	4.54%		So much for accumulation.  Hope you got some.
GDX		44.55	2.63%		$HUI under $400, yet GDX still up.
GLD		96.36	0.66%		Gold (the commodity) only $14 away from $1k
IAG		11.20	1.63%		Friday’s gap gets further away.
MON		82.70	1.50%		Moving back in the right direction for MONGO
NRP		24.30	0.25%		Back at the top of the consolidation range
PAAS		23.86	2.01%		Chug chug chug chug
RGLD		47.76	3.51%		Just the best thing you can own
SLV		15.75	2.61%		POS over $16 tonight, should follow
SLW		10.87	3.62%		Overbought, but silver rocketing
SSRI		24.67	1.52%		Ditto
TBT		55.00	-0.94%		Pullback from yesterday’s gapup
TC		10.39	4.00%		Considering selling the calls on this huge move
TSO		17.50	-0.06%		Will have to fight the VLO news tomorrow
		AVG	2.05%

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Serious, would you rather I go on about the egregious wins of the Jacksonian Core?  Like that’s a surprise? 

No,  aesthetics take the fore tonight.  It’s Friday, after all.   And let me finish with a bit of comedy:

[youtube:http://www.youtube.com/watch?v=166L3cE3zyk 450 300]

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	29-May	% Change
ANDE	$    25.10	2.74%
EGO	9.92	1.43%
GDX	44.16	2.67%
GLD	96.20	2.08%
IAG	11.27	3.58%
MON	82.15	3.99%
NRP	23.66	2.96%
PAAS	23.42	1.21%
RGLD	46.57	1.46%
SLV	15.47	3.62%
SLW	10.52	5.73%
SSRI	23.89	2.93%
TBT	52.64	-5.61%
TC	9.60	6.79%
TSO	16.94	-0.35%
Avg %		2.52%

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General Jackson Takes on Timmah Geithner and the Members of the First Federal Reserve Expeditionary Forces

I will be purchasing some Mongo’s (July 75 MON calls) after I finish this up, but first I wanted to trill the trumpet a bit on the key metals component of the Jacksonian Core.   That SSRI additional purchase two days back well below $21 is proving fortuitous as that Jacksonian worthy is pushing 11%  up today and over $23 per share upon most recent check.

In addition, the other JCHP silvers [[SLW]], [[PAAS]] are all above 5%, and tiny [[EXK]] has — as predicted — jumped back to it’s downtrend line again at $2.10 (to my chagrin, I wasn’t quick enough to get more this morning).   Again, I think it will be safer to purchase EXK when it’s well past the downtrend line, and perhaps after a retouch of that $2.10 barrier.   These minors can move quite quickly.  

Keep in mind also that [[AGQ]] is the double silver ETF that I recommended back at the $43 mark.   I continue to add to it on pullbacks.

On other fronts, it looks like our ever-so-brief retrace is about done, and we are ready to commence with this summer’s precious metal bull.    Enjoy the sun, friends.

Caveat:  If you purchase the JCHP holdings, it’s quite likely the Ghost Of General Jackson will visit the foot of your bed every fortnight, and lecture you windily about states rights and other such ephemera.    You may also lose risk capital in such an adventure.

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Update:  I bot 20 MONGO’s at $7.60.   Will likely add to this position.

Update:  I bot another 20 MONGO’s at $7.80.   Mongo LIKE Sherriff!

CDE breaking out @ $14.45 (I already have a small position).

Update:  I bot another 5,000 EXK at $2.11.   (See Caveat above)  

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Update:  Jacksonian Spokesman LL Cool J with a special message from SSRI:

[youtube:http://www.youtube.com/watch?v=-7l250E5uM4 450 300]

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There is nothing like “living for the moment,” and I won’t begrudge the staunchest of my conservative reader base a splash in Fly’s Pool of Carney Delights,  over on his blog and in the incredibly exciting “User Notes” section of The PPT  .   Let me assure you, ladies and gentlemen, there be some astute trading minds throwing Kruggerands around in that room.

That said, I’m sure glad I’ve got the bulk of my holdings in the JCHP, my friends, because I’m not sure how much time is going to be left in this “bring your own lava lamp” filthy 70’s-era hot tub party.    I think I already see some unpleasant objects of questionable birth rising up amongst the bubbles.  

First, I’ll draw your attention to our friend, Mr. U.S. Dollar.   He’s pretty much in “do or die” territory here, and frankly, I’m thinking we’re in trouble whether he strengthens or not.    Lookee here — remember our faithful dollar proxy UUP?

Well, heck if he’s not banging around down at the same December 18th lows that set the timer going on our next market plunge (which occurred about two weeks after the dollar started to climb again).   And here’s what’s worse… the dollar can continue to go down here, but I’m not sure that’s going to benefit our stock markets much, either.  

Why?   Well because there’s another bit of business the dollar keeps low if it’s behaving, and that’s our Treasuries’ interest rates.   If we show relative strength in our dollar, then foreign investors are willing to keep our debt.   But if the dollar keeps getting mauled here… well, those same folks might not be so kind to our lovely treasury paper.   Remember back when we first advocated  TBT as a Jacksonian pick?  Here was the chart:

We were expecting a nice move up, and we sure got it — in spades.   However, now the rapid run up in rate must give us pause with regard to how much longer the music can play.   Look at how far we’ve come since that last posting:

Bang!  All the way above the 200-day EMA.   Now you know I’ve been selling calls against my position here, in anticipation of a pullback.  Well, even as I expect a pullback, I’m just as ready to take a loss on those calls if I see this thing launch anymore than it has.  

Remember, TBT is my “Stock of the Year” pick in Rajun’s annual contest, and I continue to believe TBT is going to be the play of the next three to five years, minimum, thanks to the unwinding that will have to happen in our long term bond rates.   That said, high interest rates eventually take a bite out of stock prices, so we are going to have to be even more synched than ever with the JCHP. 

Remain vigilant my friends, and make sure you attend to RGLD.   I believe it’s the harbinger of our gold holdings’ future.   The other PMs will follow it’s lead, but it will likely become the star of this Jacksonian portfolio in future.

UPDATE:  I added another 1,000 shares to my SSRI holdings today.   I will add another 1,000 if I see further weakness, and then I will likely be “full up” in this name.

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		26-May	% Change
ANDE		$   24.95	6.90%
GDX		41.84	-0.50%
GLD		93.76	-0.73%
IAG		10.56	-2.76%
MON		85.25	-1.57%
NRP		22.75	2.43%
PAAS		21.64	1.03%
RGLD		45.38	2.53%
SLV		14.42	-0.55%
SLW		9.49	1.61%
SSRI		20.82	-4.19%
TBT		55.07	2.80%
TC		8.73	1.04%
TSO		16.73	3.08%
Avg %			0.85%

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Not to be disparaging, but I’ve felt I’ve spent the week with a squadron of flying goats.   There you are flitting from tree to tree looking for the best green shoots, ears up and horns out,  “baaaaahhhing” it up to beat the band.   

Chips stocks!  Cancer stocks!  Lenny Dykstra Car Wash franchise stocks!  Get ’em while they’re hot from the chute!

But why must you make your lives so difficult?  There’s no reason to search for rare buds in the top branches of the acacia tree when there’s plenty of bull grass right here on the ground.   Come down from there and take a look at the freshly scythed alfalfa I have gathered for you, my yellow-eyed friends. 

Remember our weekly $HUI chart from last week?

Well, look what’s happened this week…. Pop!

Can anything be more promising than that little green bud out of the consolidation zone?    And yes, we’re a little overbought here, and should be coming into some more resistance around 400 or so, but we should welcome that opportunity.  

After all my boy, it is a bull market — and maybe the only one you’ll see for years to come.  So relax some, take a load off, and get your nets ready.   It’s almost harvest time again.

This week’s Jackson Core Holdings Portfolio results were very pleasing, especially as measured against the indexes.   So have some nice goat cheese this weekend, and maybe try to pause a second whilst hoisting that relaxing beverage to remember those who have served, and especially those who have fallen in order that you could enjoy this great country.    Be well.

Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
ANDE	$    21.50	$      21.31	-0.88%	$    23.34	9.53%
GDX	37.46	37.65	0.51%	42.05	11.69%
GLD	89.98	91.55	1.74%	94.45	3.17%
IAG	9.92	9.83	-0.91%	10.86	10.48%
MON	86.42	89.95	4.08%	86.61	-3.71%
NRP	23.39	21.29	-8.98%	22.21	4.32%
PAAS	19.35	18.66	-3.57%	21.42	14.79%
RGLD	39.90	39.97	0.18%	44.26	10.73%
SLV	13.79	13.77	-0.15%	14.50	5.30%
SLW	8.91	8.58	-3.70%	9.34	8.86%
SSRI	20.06	19.06	-4.99%	21.73	14.01%
TBT	52.24	49.13	-5.95%	53.57	9.04%
TC	7.98	7.65	-4.14%	8.64	12.94%
TSO	16.72	16.60	-0.72%	16.23	-2.23%
		AVG	-1.96%		7.78%
Name	5/8/2009	5/15/2009	∆	5/22/2009	∆
SPY	$    92.98	$      88.71	-4.59%	$    89.02	0.35%
QQQQ	34.23	33.37	-2.51%	33.54	0.51%
DIA	85.47	82.78	-3.15%	82.87	0.11%
NDX	1,394.16	1,355.11	-2.80%	1,363.17	0.59%
RUT	511.82	475.84	-7.03%	477.62	0.37%
		AVG	-4.02%		0.39%

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One of these days I’ll shut the hell up about moving you into real money assets as quickly as your penny stock-spindling portfolio will allow.

But that day is not this day.   Not when the latest news clacking over the Jesse Livermore-era news ticker  in my offices reveals how Kommandant Barack is now going to nationalize GM — but “only temporarily.”   Turns out Dear Leader wants just enough time for Rahm Emmanual and Lanny Davis to wheel that aging aerophin-appended Caddy into his airplane hangar chop shop so to whack it up for distribution to loyal U.A.W. gummint cheese recipients.  

Tanks you veddy much, Kommandant, and dont’ forget to save the steering wheel, the white wall tires and the chrome ashtrays for the bond holders!    I said leave those white wall tires, you! 

So if the good fellahs in charge of everything  — and damn, they really seem like they are in charge of everything these days, don’t they? — are that cavalier about the big buck bondholders (some of whom were stupid enough to give them campaign money just months ago) , doesn’t that make you just a wee bit nervous about how well they are going to treat that other little U.S. bond obligation: The Federal Reserve Note?

So have fun, and be a silly piebald carnival piker if you’re so compelled.   By all means, stuff yourself into the clown car with all the other PPT nutjobs .  Throw some funny money at chip stocks that have been moribund since Bill Gates was still a virgin, if you feel that exercise will further your spiritual growth.   Go nuts. 

Hell, you’ll probably find me in that same Yugo  from time to time, playing Parcheesi with Ragin Cajun  whilst simultaneously sword fighting  The Chart Addict.    I’m human, after all, and enjoy an OTB rocket ride for greasy coin and bed bugged comfort as much as the next guy. 

Just don’t get too homey in that clown car, Homey.  Five will get you ten it will soon be remandered by the EPA for egregious CAFE standard violations, environmentally malevolant tailpipe emanations,  and toxic silly string abuse.    Then it’ll be medical experiments for the lot of us.

Well, not those who have been prudent about tendering some savings to the Jacksonian Core Holding Portfolio, whose hard money and hard asset plays will serve to keep some of us cosy with hot buttered rums and chedder toasties , whilst the OTB pikers scrape at our doors.  No luck for them I’m afraid.   They shall be turned out with a stern warning from Cuddy, our trusty footman.

But Cuddy welcomes the purchase of silver this day, as the Three Musketeers SSRI,  PAAS and  SLW scored again, with wins of 7.64%, 5.39% and 3.75%, respectively.   Do you get the feeling the market is trying to tell you something, Jacksonians?  

Beating even silver today was coveted (but not precious) metal molybdenum, as  JCHP member TC rang the bell with gains of 9.36% today.   All in all, the Portfolio only had two slight losses, and both in the red hot agricultural sector.  I expect MON (-0.69) and ANDE’s (-1.09)  small losses to be more like rests than ultimate pullbacks.   Still, this is why we’ve diversified even within this stable grouping, up 2.85% for the day.   Now quickly, onto our daily review:

ANDE — $22.62  (-1.09%)

GDX — $38.43 (+2.51%)

GLD — $90.96 (+0.66)

IAG – $9.88 (+1.23%) 

PAAS — $19.74 (+5.39%)

RGLD – $40.66 (+2.16%)

SLV — $13.98  (+2.95%)

SLW — $9.13  (+3.75%)

SSRI — $20.86  (+7.64%)

TBT — $51.04 (+1.07%)

TC — $9.00 (+9.36%)

TSO — $17.22 (+3.11%)

Daily Average:  +2.85 %

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