Been away, just catching up..
“Been on the road” though actually more in the sky…haven’t done too much…The reversal off 240 was pretty well expected, anticipated by the most astute, here. The reversal, today, I notice after the publishing of bullish fundamentals like the trade deficit and new lows for the dollar was helped significantly by the downgrade of HL, Friday,Gold and Silver went up to some challenging overhead on the bullish picture, in Silver’s case to new highs, when intervention quite obviously turned the dollar around….Oh well, are we surprised. Suppose if I’d been hooked up to the market I would have done all the right things, selling the highs…ah, well, then maybe not.
Did move things around a little the last couple of days.…Down to only 16% in energy with most of that in CanRoys and a bit of TGA and CRED. Have to do some serious evaluation as to which items I want in my portfolio….ECA and POG and AHC are three I’m considering…but where and under what set of conditions I’m not sure…
Miners: heavily weighted in the silvers, PAAS CDE WTZ and holding..Did put back on half of the half of my NXG position sold, Thursday, a price I notice just above Friday’s close…Got lucky and knocked out half my VGZ position at the high- $4.58.
26-27% miners and metals…
43% cash…
Gallemore’s charts shows Gold back below its 50 day average and without much momentum…Silver of course looks better…Looks like some back and filling…
chartingyourfutures.com
Some charts: Nice knife catching there in PWI under $19…have to figure out what the problem was or has been…Wish I hadn’t pulled my order at $16.50 on PAAS…ah, another day.
stockcharts.com|B|B14
Gold vs. the HUI….notice little change this week, though I concur that when the miners fail to confirm gold is a sign of pending trouble. Over all looks a period ahead when buying this correction off 240 HUI ought to be the focus…
stockcharts.com[h,a]wbcaynay[df][pb8!c40!f][iut!ul14!ub14!lh14,3!ll14!ld20!lya7,14,28]&pref=G
HUI P&F….mid to low 220s would be my target for adds…
stockcharts.com[PA][DA][F!3!1.0!]&pref=G&listNum=
One gold miner I like and own is GRS which like many of the silvers and ahead of most gold miners did make a new high this week.
stockcharts.com[PA][D20040213][F1!3!1.0!!2!20]&pref=G
Good weekend to all
Jims101 |
