Bow down to Lord Pig!  Did you forget what Island you were on?

Don’t think you can just skip on down to the Circle and pick up the conch and blow to your heart’s content.

You cannot.

No, it’s time to get your horn rimmed glasses smacked from your face and ground underfoot, whilst you grope wildly after fuzzy-form perpetrators who’ve done away with Good English Manners.

The Jacksons took a similar blind side hit today, and you know what? I’m not given to much concern. I’ll sit up here on top of my coconut tree and munch bananas whilst I watch the devolution down below.

Yes, yes, “kill the pig, slit it’s throat!”

(Eye roll)

What-ever!
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Note [[BAA]] , mentioned last night, and of which I bot 6k of at close at $2.03-.04, hardly moved today, even as the gold and silvers markets shivered and [[UUP]] peeked its battered head up? Did you note the same behaviour (sic) with previously recommended Allied Nevada Gold Corp. [[ANV]] ?

Pure luck, I assure you. All of the juniors will show some strength, merely because their time to shine is almost here. Same with the silvers. They are trying to shake, but even their now-familiar swoons seem half hearted.

Just wait here, with me atop the coconut tree. The ham hocks will be served, presently.

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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.

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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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But really not a horrendous day for the Jacksonians, which gives one pause, no? 

Now the PM’s are resuming their slide, and I can’t help but think it’s “of a piece” with the Treasury’s desperate need to sell bonds here.  Again, we continue to see opportunity, as I think it’s unlikely that gold will fall much below $890-ish on a per oz. scale, and I would be shocked to see it claw back to $850.  In the event it does, however, I will be manning the one man oompah-band, complete with bass drum, polka accordian and egregiously long slide trombone in order to advertise to the world — via drum majorette high kicks — that this is the time to back up the truck and buy.  

In the meantime, I will continue to convert my more esoteric picks (non-Jacksonian) and hedges of large positions into cash for additional rodent-like hordings of shiny metals.   In fact, should gold break $900 again, I will “do my part” and for the first time since 2001 start buying physical again.   If the Comex geeks want to “play that,” Homey will be obliged.

I have included a “weighted return” in today’s review (from yesterday’s close), so you can see how much each individual position actually returns.  As you can see, the actual $150,000 original investment is up a little more than the “pick alone” number, thanks to cashing out on a few loser, and thereby having them a lesser portion of the portfolio.   As a result, I will likely add to some Jacksons soon with the cash and hedge amounts ( [[TZA]] and Cash are equal to almost $23K at this point — or 14% of the portfolio) when the time is right.   That may be soon, fwiw.

Name/			%	Portfolio	Portfolio
Ticker	6-Jul	7-Jul	Change	Value	Impact		Comments
ANDE	$            29.67	$        29.96	0.98%	$      18,091.79	0.11%		Still trending.
EGO	8.75	8.79	0.46%	8,236.23	0.02%		Hanging on, relative strength today
GDX	36.94	36.51	-1.16%	11,050.24	-0.08%		Hanging at 50% retracement
GLD	90.76	90.71	-0.06%	10,432.43	0.00%		Relative strength
IAG	9.93	9.99	0.60%	12,318.13	0.04%		One of my strongest golds
MON	73.26	72.62	-0.87%	4,259.24	-0.02%		Down not so bad, considering.
NRP	20.70	20.38	-1.55%	4,229.97	-0.04%		Sold 1/2 on break of $20.50
PAAS	17.83	17.71	-0.67%	10,636.64	-0.04%		Expected to test $17 again.
RGLD	39.04	39.19	0.38%	10,828.96	0.02%		Oversold, $38 a possibility today.
SLV	13.10	12.89	-1.60%	10,471.16	-0.10%		Oversold, but 200 week beckons (12.40)
SLW	7.75	7.80	0.65%	7,576.43	0.03%		Support @ $7.50
SSRI	18.20	17.91	-1.59%	10,418.85	-0.10%		$17 likely goal.
TBT	50.94	50.19	-1.47%	9,998.01	-0.09%		Waiting for bond market to resolve
TC	10.07	9.82	-2.48%	4,606.66	-0.07%		Could target 50 day ($9.00)
TCK	16.88	16.15	-4.32%	10,738.03	-0.28%		Gave back most of prior day.
TZA	24.34	25.86	6.24%	5,209.53	0.20%		Portfolio saver again, still 1/2 position
Cash (000)	$          13.44	$      17.69	0.01%	17,694.95	0.00%		Increased on 1/2 sale of NRP
AVG (daily)			-0.38%	$ 166,797.25	-0.40%
AVG (monthly)			-1.50%	Actual
AVG (inception)			10.80%	Return	11.20%

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I’ve been out all day, and I just realized I never even put down yesterday’s Jackson Portfolio display.   Must have been a cognitive dissonance thing, as the portfolio was down a little more than 1.5% yesterday (with cash, which the intraday changes don’t incorporate). 

Anyway, I figured I’d make it up to you by including this somewhat pedantic, yet useful “tardiness” tip sheet I cadged from “CommunicateInnovate.com” — in itself a useful site.   I also left off the comments from yesterday, since the rebound kind of makes them useless.    Looks like both gold and silver are staying within the range, and Mr. Anderson continues his winning ways… Onto the “tips” —

Bottom line: Whether it is a thrill or habit, there are steps you can take to reduce and eliminate your chronic tardiness problem. How do you respect and effectively utilize the universally shared commodity of time?

Balancing your time with those around you is an ongoing challenge. Be vigilant about effectively using your time and anyone sharing your time. Your calendar, your day timer (or PDA) and the clock are intrinsic tools of the business trade. Learn to tell time, use timers and challenge yourself to get there on time. There are mental mind-sets and effective meeting processes that can help you kick the tardiness problem (they helped me). Consider your scheduled meeting times as just a center point of your overall meeting time. It is usually the informal meetings or contact before and after the formal session where most of the business or decisions are solidified.

Always allow time for this informal contact:

1) Allow yourself 15 minutes before each scheduled meeting or event to: – get your thoughts or agenda together at the location for the meeting – have a quick meeting with the main person to review the agenda – chat with the person who is setting up the meeting room to get information on the attendees. Executive Assistants and Administrative Assistants can be an invaluable source of information. Build trust with this individual. – socialize and introduce yourself to the attendees prior to the formal meeting. You are likely to pick-up on the temperament of key individuals attending your meeting.

2) Allow 15 minutes after each scheduled meeting or event to: – review how effective the meeting was perceived by your key customer (coach) or by an attending colleague. – Take time with the key person (key influencer) to review the outcome of the meeting and strategize next steps – Test the water and ask for the business. You might actually get the order. Alllow time for that too

3) Give yourself the 15/15 minute buffer before and after each scheduled meeting to allow for unexpected things. Plus you will less likely impact on subsequent meeting times. Early is always better than late.

Arriving on-time is the most visible sign of disrespect toward the other people involved. For first time meetings, being on-time is one of the major positive impacts on ‘first and lasting impressions’. Add to your good reputation – be on-time. Including this “15/15 Time Wrapper” around each of your scheduled appointments and meetings will afford you more time to prepare/strategize (before)and then assess/close(afterwards). Reduce stress on both yourself and those around you. Your respect for other people’s time is a measure of your own self-respect. Being respectful is an honorable trait – a trait that can only add to your glowing reputation.  

About the Author:

Carl Chesal is a business and channel development consultant, trainer, internet marketer and professional photographer. He operates BizFare Enterprise Inc, providing business development, marketing, and internet marketing services. Bizfare Enterprise also operates a number of secure on-line shopping sites.

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12.74%

Jacksons from Yesterday:

Name/			%
Ticker	29-Jun	30-Jun	Change
ANDE	$      29.91	$      29.94	0.10%
EGO	9.45	8.95	-5.29%
GDX	39.15	37.82	-3.41%
GLD	92.04	91.18	-0.93%
IAG	10.30	10.12	-1.75%
MON	75.93	74.34	-2.09%
NRP	21.02	21.01	-0.05%
PAAS	18.55	18.33	-1.19%
RGLD	42.97	41.69	-2.98%
SLV	13.66	13.38	-2.05%
SLW	8.52	8.24	-3.29%
SSRI	19.16	18.75	-2.14%
TBT	50.65	50.92	0.53%
TC	10.57	10.22	-3.31%
TCK	16.06	15.94	-0.75%
TZA	22.52	22.75	1.02%
AVG (daily)			-1.72%
AVG (monthly)			-6.98%

 

AVG (inception)

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Silver’s been acting sickly for enough time to start irritating the most patient among us. I can only repeat that after last month’s huge moves, we were do as big a consolidation. Note — not a full retrace, but some pullback here, while the bull tries to shake the riders.

The good news is, gold’s hanging on here, even despite the attempts to knock it flat. It’s down today to $929 on the spot market, from $939.80 — a little bit more than 1.1% for the day. Silver, on the other hand, continues to take the brunt of it, with a 33 cent loss down to $13.60 — or almost 2.4% down for the day. That discrepency cannot hold, as silver is already undervalued compared to gold.

From a technical viewpoint, both the price of silver (POS) and the ETF [[SLV]] are showing similar signs of running into significant support.  I use the ETF here in this example because it’s a little cleaner:

From the chart, you can see SLV’s long term 38.2% fibonacci retrace line lies at $13.14. Moreover, it’s 200 day Exponential Moving Average (EMA) closed at $13.19.

I think there’s a good chance we dip to these levels and begin climbing back before the end of the week. The 38.2% fib line is usually very strong (like it’s inverse — the golden ratio of 61.8%), and it should hold for a solid bounce here. When I see this level, I will be taking advantage of the bounce by taking down a position in the double silver ETF [[AGQ]] , and riding it for at least a swing trade. I may also pick up some more [[EXK]] and any other miners I feel look “opportunistic” at the time.

Best to you.

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AGQ (+3.75%)

EGO (+2.28)

EXK (+8.24)

GDX (+4.42)

IAG (+4.11)

PAAS (+1.28)

RGLD (+6.98)

SLV (+2.04)

SLW (+5.78)

SSRI (+7.41)

And newcomer (bot 10k @ $2.19 late day) — NGD  (+13.54) 

Non precious Jacksonians MON (+4.82) and TC (+3.36) did well today too.   

Ever onward — this PM revolution is not done by a long shot.

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[youtube:http://www.youtube.com/watch?v=Gz3Cc7wlfkI 450 300] 

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UPDATE:  Looks like we will have a chance, however brief, to get into some of these silver (and gold) plays this morning if we have been remiss.  With my usual caution, I will wait until 10:00 am or so to see what the market looks like.   I will be looking specifically at the smaller caps, like EXK, ANV, EGO, NG, NXG, and even CDE and HL.

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