So why do you insist on fighting him?   Listen, hippy — you can disparage Monsanto Company [[MON]] all you like, but the fact is, that like the other chemical company everyone loves to hate The Dow Chemical Company [[DOW]] (or was it E.I. du Pont de Nemours & Company E.I. du Pont de Nemours & Company [[DD]] , I can remember?), Monstrous Santa brings good things to life, up to and including radioactive carrots as big as your thighs.

No, no, that last was just a sop to the active imaginations of the Luddite Hippy Masses (“LHM’s”) who think that unless you are breaking ground with a sharpened stick and planting only hand gathered (never plucked!  never, never plucked!) acorns in erratic rows, you are insulting “Mother Gaiea” and any manner of other animistic woodland nymphs and faerie (sic) creatures.

Fact is Monsanto is going to feed the world, and the world is going to thank them for it.   Everyone except the LHM patchouli smoking minority and Luddite millionaires like Paul Ehrlich of course, who — along with propagandists Al Gore and  Howard Zinn — makes money off of predicting world wide catastrophes that they can blame on our globe’s foolish lack of proper Marxist ideology.   No, these guys would rather the people of the Amazon basin continue a slash and burn stone age agrarian methodologies, as long as that means they don’t become part of the “problem”  —  i.e, enrolled members of the First World.  

The Euros hate Monsanto too, but for another reason.   Their agricultural protectionism makes ours look like the open bazaar in downtown Marakesch (sic).  They don’t want seeds from anywhere else but European soil, because, damnit, other countries’ seeds might actually push those lederhosen-wearing cough-drop suckers into the second half of the 20th century, four-cycle tractor engines and all.

But there’s a reason this seemingly high beta outlier lives in the stronghold that is the Jacksonian Portfolio, and that’s that feeding people will become an ever more dominating issue in this world of destroyed capital and increased liquidity.  Monstrous Santa has the intellectual property keys to solving that issue, and, barring a late hour nationalization as part of the Obamacare bill, their shareholders will benefit from that IP for years and years to come.

I’m not including the Jacksonian update from yesterday today, as I am too damn busy reading obscure legal documentia (sic) from third rate mouthpieces, and I’ve got other shit to do today as well, not the least being egregious “Continuing Ed” dealing with subject matters with which I will never in a million years have interactioin.   Gotta love bureaucracy, even in the private sector it assails me.

Know that Teck Cominco Limited (USA) [[TCK]] should be considered on this pullback, as should all the gold and silvers pulling back today.   Thompson Creek Metals Company, Inc. [[TC]] continues to be a monster, and it’s a Jackson full throttle again.  Ag-homey The Andersons, Inc. [[ANDE]] also stirs again, with its sister Monsanto.  Eldorado Gold Corporation (USA) [[EGO]] holds serve on the PM front, and I like Allied Nevada Gold Corp. [[ANV]] , Rubicon Minerals Corp. (USA) [[RBY]] and [[BAA]] here as well. 

Out for most of the rest of the day, be well.   And always remember:

__________

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There’s no discounting the genius of Andrew Lloyd Webber, no matter how much you may disdain the theatre (sic) and the Broadway musical genre in particular.   Let’s face it, the guy’s first real hit was a modernistic pop re-working of  a story from Genesis for goodness sake, and no, spratlings, I don’t mean a Phil Collins biopic.  You have to admit — that’s not exactly got “sure fire hit” written on it when you see it on cold, flat paper.   But that strange beginning launched the man’s career, and now he’s widely considered the best living writer for the musical stage, with hits like Jesus Christ Superstar, Evita, Phantom of the Opera, Sunset Boulevard and yes, even Cats under his belt.

The reason  I bring this all up, oddly enough, is that I was dragged to a community theatre (sic) production of Webber’s Joseph and The Amazing Technicolor Dreamcoat this weekend where my niece was starring as a children’s chorus extra.  And oddly enough, it was fantastic.  I was thoroughly entertained. I guess that’s how I guage the worth of the intellectual property — if it’s still damn good after the semi-pros get though with it, then it must be some heady stuff. 

And I am no big fan of the Broadway stuff, either.  I lived in New York for years, but I had to be dragged to every “real” show, just like I had to be dragged to this one.   Go figure that I’d never been to a Lloyd Webber show even in the Apple.  Next time, I won’t be so reluctant.

_______________________

Another thing I haven’t been reluctant about is buying silver like the last man standing on two legs at a lycanthrope convention.    This 5-year weekly chart shows why:

As you can see, we’re within a hair’s breadth of the 200 week EMA, which as served as solid support through most of this bull in precious metals (save for the brief period of unpleasantness last Fall).

What’s more, we are very oversold on the slow stochastic, to a point we have not seen since the last time the PM bull was tested, back in 2006. Even more oversold than we showed in the depths of the Fall sell-off in almost every major asset!

I believe this is significant (even as MACD and RSI are not nearly as oversold), if at least for a bounce, and have put my money where my mouth is and bot some more [[AGQ]] as of Friday. I have room for 1,000 more shares, should silver decide to test that high $11 range again. This week’s increase in the Blees Rating (out of 100) to 72 from the previous week’s 66 tells me that commodity traders are taking off their short hedges once again, and readying for strength in the PM’s.

As I mentioned, I think that gold may also visit the $880-$890 range again, and I will be adding to select junior positions if we should be so lucky. Those of you who have not done so may want to take any opportunity to accumulate some physical (again, I like those Maple Leafs) under $900. I may do so myself.

Also, amazingly enough, [SLW] filled a gap that was formed back in March (20th-21st) when it was blasting off out of a consolidation pattern. All of it’s oversold indicators seem to be turning back up, save MACD.

Last, have look at Monsanto Company [[MON]] which is also ridiculously oversold on the weekly slow stochs, and is just a little bit beneath is’t 200 week EMA — the place where it’s been bouncing for the past year, including last Fall and this March. I think this might be a good place to accumulate with a tight-ish stop below the March lows ($69-ish).

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Sorry for my lack of attendance today, Jackson fans, sometimes I have to attend to things that are in the market but not of the market.   If that sounds vaguely quizzical, then it’s served its purpose.

Unfortunately, whilst returning from one such errand, I noticed one of my stops had triggered.   I say “unfortunately” because I am a very reluctant seller of any Jacksonians, unless I’m a full seller, as in the case of the unabashed drunkard Tesoro Corporation [[TSO]] (which continues to toddle down the streets of Skid Row, stopping only to barf on the brogans of the local constabulary).

   Unable to part with my Monsanto Company [[MON]] altogether, however, I had set a stop on half the shares upon a break of $77.25.   Much to my rue and deep chagrin, said stop was triggered today, and I was left with only half my position.   Offsetting that mournful loss was the addition of another $4,530 in cash with which to gamble at quoits whilst smoking Churchillian Monte Cristos and imbibing  tinctures of absinthe & laudanum.

One of these days I will get around to giving you a picture of the actual shares and dollar amounts of these holdings (hint– they all started at $10,000 each) , so it won’t all seem such a smokey mystery.   In the meantime, you’ll just have to make due with the raw return numbers as you have been doing, along with an idea of the cash talings left over from various sales profitable and not so.   

One last point… the “Three N’s of the Apocalypse”  NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] and Northgate Minerals Corporation (USA) [[NXG]] all looked very healthy today, as did Jacksonian Eldorado Gold Corporation (USA) [[EGO]] .   It seems the golds are making out a bit better than our silvers, which have been hit by the same “industrial malaise” that afflicted not only Jimmy Carter throughout the 70’s and up to today, but even our faithful friend and ally, The Fly.   Even Teck Cominco Limited (USA) [[TCK]] which has made a valiant rebound, seemed tired by Bernake’s machinations today. 

What can one trust but the original money, one asks?  What indeud?

Name	23-Jun	24-Jun	% Change		Comments
ANDE	$ 28.23	$   28.84	2.16%		Weird candle today. Stochs turning up.
EGO	8.07	8.51	5.45%		Nice continuation.  50-day @ $8.60
GDX	37.33	38.49	3.11%		Back over the 50-day quick ($38.20)
GLD	90.92	91.45	0.58%		50 day @ 91.60, POG $931
IAG	9.58	9.99	4.28%		Nice continuation.
MON	79.30	76.16	-3.96%		Sold half (58.65 shs) @ $77.23 (note cash below).
NRP	20.65	20.92	1.31%		Still hanging in there, facing my wrath
PAAS	18.31	18.47	0.87%		Still weak, as is silver in general.
RGLD	42.43	43.74	3.09%		Broke the downtrend line nicely.
SLV	13.62	13.68	0.44%		POS still under $14.
SLW	8.21	8.34	1.58%		Still looking for 200 day EMA @ $8.40
SSRI	17.99	18.65	3.67%		Still having trouble getting over 200 day EMA
TBT	51.85	53.03	2.28%		Treasury auctions over, I guess?
TC	9.42	9.63	2.23%		Rebounded, since I sold more, of course.
TCK	15.51	16.12	3.93%		Still bouncing, but w. less vigour (sic)
TZA	25.57	24.86	-2.78%		Down, but not as much as you’d think. Holding.
AVG (daily)			1.77%
AVG (monthly)			-8.02%
AVG (inception)			13.09%
Cash ( 000’s)			$       8.67

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Stick with a winner,  “they” say — and Mr. Anderson [[ANDE]] keeps winning, up about 5% again today at $30.55.    As I mentioned, my medium term target for Mr. A is right at the 61.8% long term fib, or $33.00. 

The other Jacksons are back on the winning track too, with [[MON]] looking like it really does want to fill that gap at $85.20 (currently at $84.88) from the other day.   That’s probably where I will unload my MONGOLs unless I see some major promise in the very near term from MON.   Of course I will continue with my stock position.

[[TC]] is also rocketing again, up almost 7% as I type.  [[TIE]] is also moving on low volume, but is breaking into some new territory here, over $10.85.

Two others I have been holding for a while that are getting some action today are [[AMKR]] and [[SIFY]].   If SIFY is really taking off here, it’s brother in sub-continent, if nothing else, [[SONS]] may get a rise as well.    Good luck to all.

_______________________

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(Thanks to ‘Shed for the family photo)

As expected,  the miners have begun to consolidate a bit of last week’s (and last month’s) run up.    Nothing major mind you,  but the $HUI tells the tale here.  Remember this weekly chart from the 22nd of May?

A little more than a week later, the $HUI is behaving as indicated.   Remember that red line — the “likely target for a short rest?”    Here’s today’s same chart: 

This wholly expected retrace may bring us as far back as the top of our “consolidation box” ($375-ish).  But if the dollar and the 10-year continue to exhibit problems, I shouldn’t expect this rest to last much longer than that.    I will be using this time to aggregate some names like [[GG]] and [[AUY]] that I’ve been looking to add.   Those of you who have been waiting for a Jacksonian entry may want to consider this week’s opportunity as well.    

One other thing, I’ve been thinking about water as an appreciating commodity recently, and many of the water-related stocks have begun setting up nicely.  I may take a shot at grabbing some of the desalinator [[CWCO]] tomorrow if the stars are properly aligned.   

Note the new “comments” section on the JCHP performance chart.    Innovative, no?  

Best to you all.

Name		1-Jun	% Change		Comments
ANDE		$       26.00	3.59%		Moving with the Ags
EGO		9.69	-2.32%		Accumulation opp. Here
GDX		43.41	-1.70%		$HUI pullback
GLD		95.73	-0.49%		Resting for the leap to one grand?
IAG		11.02	-2.22%		Friday’s gap @ $10.92
MON		81.48	-0.82%		Yet to fill gap @ $85.06, Barron’s mention ↑
NRP		24.24	2.45%		Low volume up day, KOL up big
PAAS		23.39	-0.13%		Still very much in uptrend channel
RGLD		46.14	-0.92%		Half volume day, pullback
SLV		15.35	-0.78%		Friday’s gap @ $15.06
SLW		10.49	-0.29%		Friday’s gap @ $9.99, will it get there?
SSRI		24.30	1.72%		“Indefatiguable”, Friday gap @ $23.26
TBT		55.52	5.47%		Gapped up, strong volume day
TC		9.99	4.06%		Gapped up today, didn’t fill.
TSO		17.51	3.36%		Hugging the top of the triangle, must break $17.80
		AVG	0.73%

__________________________________________________________________________________

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Ho hum, another glorious day in the world of General Jackson, loather of all that is bankish.  The precious metal picks continue to rip higher with very little rest in between growth spurts.   Soon I shall have to confine them to their rooms.

And yes, our MONstrous friend continues to vex, but I’m happy about my Alex Karras  (MONGO call) purchases today, and shall contrive to buy more upon additional weakness.   Five down days in a row for MON is quite unusual, and as you can see from yesterday’s chart, such stretching of the rubber band often leads to a quick snap back, where I am prepared to harvest my MONGO wins.   We shall see.

TBT also finally retreated, to the great relief of my increasingly expensive sold calls.   This retreat may be a good thing, all things considered, as it takes some pressure off  the “total collapse” scenario which could take other pieces of our worthy Jacksonian Portfolio with it, in thoughtless abandon.

But we’re here tonight to attend to some unfinished business — specifically the long delayed admission of [[EGO]] into the Jacksonian Core Holdings Portfolio.   It narrowly beat out it’s more elder candidates [[GG]] and [[AUY]] who remain readying in the Triple A leagues, batting for huge average whilst simultaneously stomping on Treasury officials of the twisted moustaches (sic) variety.

I’ve owned EGO for a while (as I have GG and AUY), and it’s been a PPT favorite for quite some time.  However, I wanted it to show the same “imminent breakout” characteristics that my other JCHP picks had before I added it to that worthy fold.   I believe today that sign came.  

 As much as I hate to roll out a pick on a large gaining day (7.28%!), I would feel remiss to hide this one’s light under a bushel any longer.  If you look at EGO’s daily chart, I think you’ll see why:

And the weekly chart shows an even lengthier breakout from a long term consolidation zone.  

 

Today’s move was significant, and while we will have to monitor it’s continuation (as it may break below the breakout area again), I think we’re going north from here.     So let us raise a toast to our new Jacksonian, which I hope will make EGO-maniacs of us all.     Best to you all.

Caveat: If you insist on following the Jacksonian path into EGO, it’s dollars to doughnuts you’ll be trapped on the N-train to Atlantic Avenue with three unemployed psych majors who will ply you with the failed dreams of a liberal arts major until you fork a sawbuck at them.   And you might lose other moneys as well.

___________________________

	28-May	% Change
ANDE	$    24.43	-0.65%
EGO	9.78	7.24%
GDX	43.01	4.34%
GLD	94.24	0.85%
IAG	10.88	4.11%
MON	79.00	-1.10%
NRP	22.98	0.22%
PAAS	23.14	5.71%
RGLD	45.90	4.22%
SLV	14.93	2.40%
SLW	9.95	5.85%
SSRI	23.21	11.75%
TBT	55.77	-2.40%
TC	8.99	3.21%
TSO	17.00	0.53%
Avg %		3.31%

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