I think there’s some good news in the commodity sector. I still don’t trust the silvers yet (under 200 day MA’s still)though I’m holding every last one. I like Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] here a lot. Monsanto Company [[MON]] is still sick, but [[TBT]] may be a purchase tomorrow as well.
I’ve been running myself ragged here, so the joozy picks will have to wait for tomorrow, but I’ve some nice looking juniors– NovaGold Resources Inc. (USA) [[NG]] , Northgate Minerals Corporation (USA) [[NXG]] , New Gold Inc. (USA) [[NGD]] and [[BAA]] — that I think will be worth your while. [[BIOS]] should also be bot with all due prejudice.
Let’s see what Intel Corporation [[INTC]] does for us here, too tomorrow. But the best news would be for the Obamarxist’s socialized medicine plan to get shot down. The Obamanists say they’ll do it even without any GOP votes at all — which is hubris beyond all understanding, and political risk, if one is a thinking prudent Dem. I just don’t see that happening on such a third rail issue as the destruction of our innovative and life-saving modern health care system. They haven’t all swallowed the kool-aid down in Jonestown yet.
So there’s hope, which may give a boost to this market that means more than fat tech earnings. More talk of juniors and such tomorrow. Jacksons commentary below. Best to you all.
Name/ | % | Portfolio | Portfolio | ||||
Ticker | 13-Jul | 14-Jul | Change | Value | Impact | Comments | |
ANDE | $ 27.37 | $ 27.97 | 2.19% | $ 8,445.05 | 0.11% | Got an oversold rebound | |
EGO | 8.47 | 8.71 | 2.83% | 8,161.27 | 0.14% | Closed just above 20&50 day (8.69) | |
GDX | 35.93 | 36.76 | 2.31% | 11,125.91 | 0.15% | $HUI Bounce trade working nicely here | |
GLD | 90.19 | 90.81 | 0.69% | 10,443.93 | 0.04% | approaching 20 day @ $91.11 | |
IAG | 9.32 | 9.65 | 3.54% | 11,898.89 | 0.25% | Closed over 50 day ($9.61) | |
MON | 73.55 | 74.70 | 1.56% | 4,381.23 | 0.04% | Held over $70, approaching 20 day ($75.61) | |
NRP | 21.37 | 21.34 | -0.14% | 4,429.22 | 0.00% | Back over 20 day, 50 day @ 21.95 | |
PAAS | 17.99 | 18.24 | 1.39% | 10,954.95 | 0.09% | Needs to get over $19 to break DT | |
RGLD | 39.32 | 39.54 | 0.56% | 10,925.67 | 0.04% | Still under 200 day @ 39.68 | |
SLV | 12.66 | 12.72 | 0.46% | 10,331.44 | 0.03% | Still bouncing off 200 wk MA, as noted | |
SLW | 7.68 | 7.88 | 2.60% | 7,654.13 | 0.12% | Still well under all MA’s | |
SSRI | 17.73 | 17.93 | 1.13% | 10,430.48 | 0.07% | In consolidation zone, below all MA’s | |
TBT | 49.02 | 50.63 | 3.28% | 10,085.66 | 0.20% | Breaking downtrend today, may get more | |
TC | 10.20 | 10.72 | 5.10% | 5,028.86 | 0.15% | Launching again, may be back in tomorrow | |
TCK | 16.47 | 17.15 | 4.13% | 11,402.93 | 0.28% | Above all the MA’s again, looks good | |
TZA | 24.45 | 23.99 | -1.88% | 4,832.81 | -0.05% | Fading, but holding hedge | |
Cash (000) | $ 0.03 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Same | |
AVG (daily) | 1.75% | $ 166,953.22 | 1.66% | ||||
AVG (monthly) | -1.00% | Actual | |||||
AVG (inception) | 11.22% | Return | 11.30% |