Not to get overly full of it (hah! me?), but the Jacksons are close to annual highs again. What’s interesting is that most of the recent runup last week occurred on Friday, when the dollar took a significant downturn. Now whether or not this is going to be a headfake or not should be apparent very quickly, I believe.
The only thing that gives me some pause is the [[TLT]] runup here. I just can’t believe that lower discount won’t get a snapback here soon, and with it another pullback in the market. Right now I continue to believe the [[UUP]] will continue to weaken and $USD will head to its lows of $71 again.
No need to mention, if the dollar does continue it’s retrace to the lows, the Jacksons and the other precious metals will continue to soar here. As usual, I like the silvers, but of the non-Jacksons, Golden Star Resources Ltd. (USA) [[GSS]] is the “most ready,” and Allied Nevada Gold Corp. [[ANV]] , [[BAA]] , and Ivanhoe Mines Ltd. (USA) [[IVN]] look tastiest on the gold junior side.
Happy hunting this week.
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Name/ | % | % | Portfolio | Portfolio | |||||
Ticker | 24-Jul | Change | 31-Jul | Change | Value | Impact | Comments | ||
ANDE | $ 30.99 | $ 32.22 | 3.97% | $ 9,728 | 0.23% | Over $32 new highs! Bounced off 20-day | |||
EGO | 9.27 | 10.00 | 7.87% | $ 9,370 | 0.44% | Huge day on Friday, should cont. | |||
GDX | 39.90 | 39.77 | -0.34% | $ 12,035 | -0.02% | Another big hop on Friday. | |||
GLD | 93.41 | 93.35 | -0.06% | $ 10,736 | 0.00% | Lifting off 20 and 50 day here. | |||
IAG | 11.11 | 10.56 | -4.95% | $ 13,021 | -0.39% | Also lifting off 20 & 50 day. | |||
MON | 84.16 | 84.00 | -0.19% | $ 13,327 | -0.02% | Over 200 day still. | |||
NRP | 23.00 | 23.45 | 1.96% | $ 4,867 | 0.06% | 200 day @ 23.70, bo @ $24 | |||
PAAS | 19.68 | 19.71 | 0.15% | $ 11,838 | 0.01% | Launching through 20/50/200 | |||
RGLD | 41.78 | 41.08 | -1.68% | $ 11,351 | -0.11% | Above 200, testing 50 day | |||
SLV | 13.66 | 13.70 | 0.29% | $ 11,129 | 0.02% | Also launched Friday, big move | |||
SLW | 9.23 | 9.18 | -0.54% | $ 8,917 | -0.03% | Over 20/50/200 again. | |||
SSRI | 20.08 | 19.67 | -2.04% | $ 11,443 | -0.14% | Over 20/50/200 again. | |||
TBT | 53.19 | 49.43 | -7.07% | $ 9,847 | -0.42% | $48 looks likely | |||
TC | 14.75 | 14.55 | -1.36% | $ 11,976 | -0.10% | Coming out of pullback here. | |||
TCK | 24.49 | 26.29 | 7.35% | $ 17,480 | 0.77% | Just a monster. | |||
Cash (000) | $ 16.89 | $ 16.89 | 0.01% | $ 16,891 | 0.00% | Same as last week no new buy/sells | |||
AVG (weekly) | 0.20% | $ 183,957 | 0.30% | ||||||
AVG (monthly) | 9.85% | Actual | |||||||
AVG (inception) | 23.07% | Return | 22.64% |