Apologies for my extreme busy-ness this week, but it’s Derby Week, and things get kind of nutty around here.    I wanted to point out, however that Thompson Creek Metals (AMEX: TC) (PPT: Buy)  is taking off again, here ($6.72, +0.45, +7.10% @10:32 am), and given it’s relative valuation (less than 5x LTM P/E), I think it has some room to run.   I’d wait for little pull back for entry at this point, perhaps to the $6.50-ish range.

What’s more, the recent X bad news didn’t even put a crimp in TC’s stride, which goes to my overall Jacksonian Thesis that the Chinese Government and other large  Positive Current Account holders are going to begin moving from the under-fire $USD to a more suitable harder form of assets, with a focus on those assets that concentrate on steel making and ancillary construction materials.  You see, I believe the Chinese will be looking to take the FDR-route out of this Depression by building many useless things and a few useful ones in their own countries, both to keep people employed and to build out their First-World infrastructure and transition from the Third World net exporter status to a more balanced (and less U.S. dependent) economy.      

Look for more infrastructure and hard asset plays to come.  Be well — literally in the case of you besieged Swine-flu City people (remember to check with the Caveman for market updates on that sitch).

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UPDATE:  QSII (PPT: Strong Buy) BTFO @ $53.95, +2.34, 4.53%)

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An expert rebuttal:

[youtube:http://www.youtube.com/watch?v=CaK9bjLy3v4 450 300]

PPT Favorite (at one time #1 pick) QSII (PPT: Buy) is looking like it wants to make another move over 52-week highs here.   On the PM side, the one damn silver stock I have been watching but not recommending — SSRI (PPT: Sell) is making a nice catch up move here, to it’s recent highs of $17.88, but I think it needs  nice pullback and $17.00 or so would provide a better entry when it does.  In the meantime, SLW (PPT: Sell)  (back above it’s 200-day MA) and PAAS (PPT: Sell) continue to be “accumulates” here, along with GDX (PPT: Buy),  all for the long term portfolios.

On the best PM on the radar right now, I’d look at RGLD (PPT: Sell), I think RGLD has finally recovered from it’s secondary sale, and will begin its run back to old highs this week.   Near term targets $41, $46 and $48, depending on how long you’d like to hold.    RGLD will be featured as a Jacksonian Core Holding stock, soon.    Stay tuned, bacon lovers, more pork products to come.

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UPDATE:  Bot 2,000 more RGLD @ $37.52

UPDATE:  Bot 4,000 more ANV (PPT: Sell) @ $5.83-5.86

Caveat:  If you follow me into (more) Royal Gold or Allied Nevada, there’s a 73% chance your favorite son will be conscripted to guard Fort Knox for Derby Week.   You may also lose cash munny.

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Further update:  Bot 4,000 sh starter position in Thompson Creek Metals (NYSE: TC) @ $6.06.  

Caution: very volatile.   If you purchase TC you will likely be struck by a meteorite made of pure molybdenum, and that might sting.  Also, you might lose money, quickly.

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