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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This is a far shortened version of the post I wrote last night that got eaten by WordPress, curse their bones. Apparently, not even the autosave was working last night.

In summary, yesterday was a bag full of fruity jelly beans and bottle rockets. The three I told you to watch — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and [[TBT]] were up some 8+%, 7+% and 5+%. They are still all buys here.

The silvers shocked me, many of them heading back over all the moving averages they had fallen below. But then silver always makes violent moves — it’s the Al Capone of the precious metal world. The silver Jacksons did well, with Silver Wheaton Corp. (USA) [[SLW]] — my favourite (sic) — doing the best at over 6% up, but in the personal holdings, non-Jackson junior [[EXK]] was the superstar, up over 14.2%.

I expect all the metals to have pullbacks today after yesterday, but I don’t think this was a headfake, either. I think the inflation numbers are starting to percolate. Remain cautious, but be sure to continue accumulating and filling out your well diversified list of juniors. These are lotto tickets (witness [[BAA]] as of late) and you just never know when they will come in. Another great example is Golden Star Resources Ltd. (USA) [[GSS]] , hat tip to whomever reminded me of them again yesterday.

Gun to my head picks today include Allied Nevada Gold Corp. [[ANV]], [[BAA]]  and more Thompson Creek Metals Company, Inc. [[TC]] . I will seek to start getting rid of my [[TZA]] today as well on any strength. Cash is starting to slow down the portfolio performance, as you can note from the relative performance numbers below. Have a great day.

Name/		%		%	Portfolio	Portfolio
Ticker	14-Jul	Change	15-Jul	Change	Value	Impact		Comments
ANDE	$      27.97		$         29.20	4.40%	$           8,816	0.23%		Winship
EGO	8.71		9.05	3.90%	$           8,480	0.20%		Ditto
GDX	36.76		38.29	4.16%	$         11,589	0.29%		$HUI bounce told the tale, to $43?
GLD	90.81		92.24	1.57%	$         10,608	0.10%		Above all the MA’s again, looks good
IAG	9.65		9.99	3.52%	$         12,318	0.26%		Winship
MON	74.70		76.46	2.36%	$           4,484	0.06%		A little overbought now, expect pullback
NRP	21.34		22.27	4.36%	$           4,622	0.12%		Decent volume move but now overbought
PAAS	18.24		19.30	5.81%	$         11,592	0.40%		Broke DT, back above consolidation zone
RGLD	39.54		40.51	2.45%	$         11,194	0.16%		Back over 200 day looking good
SLV	12.72		13.06	2.69%	$         10,609	0.17%		Nice one day move, POS = 13.33
SLW	7.88		8.41	6.73%	$           8,169	0.33%		Above downtrends now
SSRI	17.93		18.62	3.85%	$         10,832	0.25%		In consolidation zone, below all MA’s
TBT	50.63		53.19	5.06%	$         10,596	0.32%		Winship
TC	10.72		11.61	8.30%	$           5,446	0.27%		Extraordinary winship
TCK	17.15		18.46	7.64%	$         12,274	0.56%		Winship
TZA	23.99		21.28	-11.30%	$           4,287	-0.29%		Will ditch on break of $20, or sooner
Cash (000)	$       0.03		$       26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)				3.27%	$     172,337	3.45%
AVG (monthly)				2.21%	Actual
AVG (inception)				15.35%	Return	14.89%

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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%

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Sorry I haven’t been around to post pictures of ugly food, but I had to blow out of here real early tonight, as Bob Dylan and his Merry Band, along with Willie Nelson and John Commie Mellancamp were in town for a great five plus hours of rock & roll.  They were uniformly good, and Dylan was border line great tonight.   Pretty impressive for a 68 year old dude, living legend that he may be.

Willie is 76 which is just freaking incredible, given that he sounds exactly like he does on the radio.   Even John Commie Melons was pretty spry at 58.  Still, they could’ve dropped him from the team and not have had such an odd mix of iconic greats with aging boy popstar.   It makes one wonder — who will Bob tour with next, Vanilla Ice?

Because I just got back, and because I’m out all day tomorrow, there won’t be a Jacksonian Summary today.  Looking over the list, it’s a pottage of offal.  Down almost 3% today, with our money padrones, both gold (price $911.70/oz.) and silver (price $12.90/oz. ) getting beaten up in a summary back alley fashion, purportedly by Treasury Bond Salesman bearing Snidely Whiplash moustaches.

IAMGOLD Corporation (USA) [[IAG]] was the worst of the lot, down over 8%.  I think that means we get a bounce tomorrow, given that there’s strong support at $9.00 (where we bounced today, btw).    I do think that the price of gold goes to $890 or so, here and that the miners are preceding that move.  

 Again, those of you who are lucky enough not to have a full position should be taking this opportunity to add at least some IAG here.   Yeah, we might see lower prices, but not three months from now.    This is stock that I believe will see at least $15 before the year is out, which is a 66% move from here.

The same can be said for Eldorado Gold Corporation (USA) [[EGO]] , Silver Standard Resources Inc. (USA) [[SSRI]] and Silver Wheaton Corp. (USA) [[SLW]] , all bludgeoned today as well.   Again, nibble with a sidelong glance for the great cat named Treasury, but nibble nonetheless.   You shall soon bell that cat.

I expect we’ll get something of a bounce tomorrow — in almost everything — but again would not be surprised if there is some follow through drubbing on some of these, including even [[TBT]] .   I will be out, but may take the opportunity to dial in some more [[TZA]] on a rise tomorrow, just to continue hedging these summer doldrums.

Non-PM Teck Cominco Limited (USA) [[TCK]] got whacked today too, but I think we may get a bounce tomorrow thanks to our friends at Alcoa Inc. [[AA]] .

On my recent non-Jacksonians, [[BIOS]] can easily get back to $5.25 (its 20-day) and Health Grades, Inc. [[HGRD]] still looks very strong here.   Healthcare seems to be a continuing “safe haven” in this period.   Checkout Amgen, Inc. [[AMGN]] for reference.

_________________

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Something about today’s low volume isn’t really convincing me today. Perhaps I’ll be shown the fool, I dunno. I do know the dollar is still shaky here with [[UUP]] having a tough time reclaiming the ever important $24.00 mark, and DXY only about fifty cents north of $80. Until the currency firms, I’m not going to be doing any “panic Jaeger bombs” in Danny’s basement.

I will remain in the defensive today, even as certain Jacksonian’s thrive. Our newest addition Teck Cominco Limited (USA) [[TCK]] benefits today from a weekend announced Chinese Gov’t investment, which shows that the Red Chinese are more Jacksonian than the Red Democrats running our Fed and Fisc right now. What irony, no? Also, [[TBT]] is up today, which gives me pause with regard to the Armegeddon scenarios as well. One would think the [[TLT]] would be up today given the dire portents afoot, no? But it’s not. Also, the hedge [[TZA]] is serving its purpose again today.

As a result of my skepticism, in true Costanza fashion, I am taking advantage of the worse wounded Jackson today — Silver Wheaton Corp. (USA) [[SLW]] — which has a intermediate term (10/25/08 lows to 6/4/09 highs) 38.2% fib retrace line at $7.74. Our lows today were $7.72, and we are now back at $7.74 as I type this. I bot another 2k at $7.82 all the same. I also got another 2k of Rubicon Minerals Corp. (USA) [[RBY]] at $2.88 as I continue to believe this name will show M&A related relative strength as it has been.

As ever the caveats are in place, especially with SLW — for which I have an unnatural obsession. Purchase of either of these — especially today — will cause your Lance Armstrong “Live Strong” bullshit rubber bands to tighten in the sun, rendering your hands useless clubs for the duration.

_____________

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My friend Mr. Russell was reconstituting today, just as my enemy Mrs. Pelosi was trying to reconstitute our country’s energy markets.  So you can imagine it was a bit harum scarum.

I will come back later, and blog like the wind in the willows (maybe I’ll have illustrative capabilities back by then), but now it’s off to a super important pool party replete with screaming brats.  Ah, parenthood.

Later.

____________

Back, and I’ve looked at the JCHP for today, and save for the bizarro behaviour of usually reliable Royal Gold, Inc. [[RGLD]] , it looked like a general consolidation day for the PM’s, which is natural given the large moves a number of them made yesterday.  Eldorado Gold Corporation (USA) [[EGO]] continues to look good here, as do a the juniors I’d mentioned earlier in the day (see last post).

I will try to find out wtf is going on with RGLD this weekend. 

The other good news is that the non precious metals — Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] , as well as ag supplier The Andersons, Inc. [[ANDE]] all look like they are uncoiling out of their bullish flags again.  Keep a close eye for volume increases.

Last, be sure to keep an eye on the biotech pinless hand grenades I’ve tossed around over the last couple of weeks.   A number of them did the astral elevator today, I think because of Russell Reconstitution Day.   They included [[HEB]] , [[CTIC]] and ImmunoGen, Inc. [[IMGN]] .

Lastly, Fly’s chip box chomper of the future, [[ENTR]] had a nice gain today, but more important, it rose on huge (almost 16x average) volume.  I did not see their name in the Russell rebalances, so this volume remains a mystery.  Something to look for on Monday, however, as significant volume is usually… well… significant!

The Jackson’s on Friday:

Name/			%
Ticker	25-Jun	26-Jun	Change		Comments
ANDE	$        29.95	$      30.23	0.93%		Moving nicely out of the bull flag
EGO	9.39	9.40	0.11%		Consolidation day for gold
GDX	39.99	39.20	-1.98%		Ditto
GLD	92.31	92.29	-0.02%		POG broke briefly over $940, then back.
IAG	10.58	10.48	-0.95%		Consolidation day for gold
MON	75.66	75.25	-0.54%		Ditto
NRP	20.83	20.82	-0.05%		Flat again, forming bear flag?
PAAS	19.34	19.08	-1.34%		Held up at the 200 day EMA
RGLD	46.00	42.07	-8.54%		Freakish late day drop.   Be prepared to cut
SLV	13.81	13.90	0.65%		Up with the POS
SLW	8.81	8.72	-1.02%		Held up at the 50 day EMA
SSRI	19.65	19.52	-0.66%		Held up at the 50 day EMA
TBT	51.03	50.84	-0.37%		Near flat today, could be done w. pull back
TC	10.31	10.44	1.26%		Like ANDE moving out of flag
TCK	15.99	16.56	3.56%		Same, looking very strong here
TZA	22.74	22.50	-1.06%		Flattish for a triple.
AVG (daily)			-0.63%
AVG (monthly)			-6.44%
AVG (inception)			15.49%

 Update: The Ozzie’s get it right.   Or at least their Senate does.  Let’s hope our own Senate can be as astute when this criminal theft Al Gore bill comes before them.   Hold your reps accountable on this one, people.

___________

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