[youtube:http://www.youtube.com/watch?v=82Wc92bFiZk 450 300]
My apologies for being so scarce this week. You heard about the Dylan concert and all that, but perhaps you didn’t know I had relations in all week. There were relations activities to attend to, the Dylan concert being one of the more pleasant. Others not as much, but obligatory. So it goes.
In any case, I sit before you with a down port in a flaccid market. And yet, I’m serene. Why is that? Well, to be honest, its because I”ve been riding this same wave since 2001 and frankly, it’s a familiar poise. Since that time, it’s never hurt me to buy on pullbacks, no matter how egregious. With that in mind, I copped another 1k of [[AGQ]] today at $34.95, with the mind that I will get even more if it drops again. I think silver is just peachy.
Call me psycho. I can take it. I own silver at $4.50/oz. and gold at under $300/oz. Does that give me extra confidence?
You bet your ass it does.
More on the Jackson update as the weekend commences.
_______________________
UPDATE: It’s a horror show, but on the bright side, I built more cash up.
| Name/ | % | Portfolio | Portfolio | ||||
| Ticker | 9-Jul | 10-Jul | Change | Value | Impact | Comments | |
| ANDE | $ 28.89 | $ 27.86 | -3.57% | $ 8,411.84 | -0.18% | Sold 1/2 on break of $28.90 (8,725.60) | |
| EGO | 8.10 | 8.27 | 2.10% | 7,748.99 | 0.10% | Bounced close to 200 day ($7.85) | |
| GDX | 35.31 | 35.14 | -0.48% | 10,635.59 | -0.03% | 200 day MA is $32 ish | |
| GLD | 89.51 | 89.58 | 0.08% | 10,302.47 | 0.00% | 200 day = $88.26 | |
| IAG | 9.22 | 9.10 | -1.30% | 11,220.72 | -0.09% | Back at the top of the consolidation zone | |
| MON | 72.56 | 71.34 | -1.68% | 4,184.16 | -0.04% | Needs to hold above $70- but oversold | |
| NRP | 20.40 | 20.63 | 1.13% | 4,281.86 | 0.03% | Needs to hold above $20 | |
| PAAS | 17.16 | 17.29 | 0.76% | 10,384.38 | 0.05% | Some firming past two days. | |
| RGLD | 38.50 | 38.98 | 1.25% | 10,770.93 | 0.08% | Tapped $38 twice this week, closed up. | |
| SLV | 12.67 | 12.50 | -1.34% | 10,154.35 | -0.08% | I bot 1k more AGQ at 34.95 on Friday | |
| SLW | 7.44 | 7.46 | 0.27% | 7,246.17 | 0.01% | Approaching oversold on the weekly | |
| SSRI | 17.46 | 16.94 | -2.98% | 9,854.57 | -0.18% | Could go to $15, even, watching. | |
| TBT | 49.45 | 48.41 | -2.10% | 9,643.43 | -0.12% | Next major support @ $46, if no hold here | |
| TC | 10.01 | 9.79 | -2.20% | 4,592.58 | -0.06% | Could target 50 day ($9.11) | |
| TCK | 15.84 | 15.46 | -2.40% | 10,279.25 | -0.15% | 200 day @ 14.78 | |
| TZA | 26.67 | 26.28 | -1.46% | 5,294.13 | -0.05% | May add to this next week, with cash | |
| Cash (000) | $ 26.42 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Increased $8,725.60 on half sale of ANDE | |
| AVG (daily) | -0.82% | $ 161,426.21 | -0.70% | ||||
| AVG (monthly) | -4.34% | Actual | |||||
| AVG (inception) | 7.10% | Return | 7.62% | ||||
