Louis, for the record my largest present holdings include BGO, CDE, KGC, HL and SSRI. Overweight still in BGO and more recently in CDE. My lesser holdings include NEM, MAE, MNP, TVX, TNK, BGI and throw in a little VGZ for good measure.
Sitting here today totally undecided about tomorrow. Have to go do the honey do stuff for a day or so,then plan to do some strategy work. Nice time for the holiday to pop in here, MO.
The Elliot counts I have on the XAU indicate ST caution, but the market dynamics indicate to me there should be more to this run here, and a remote possibility of a large move. Furthermore I tend to think there is now so much strength building that pullbacks will be far different than they used to be. In particular this could be true with POG and POS. All this changes the risk/reward relationships from what they used to be, and should be taken into account.
Furthermore still lots of worry warts hanging around, appears to me, which is good sign.
Have thought about rotating some BGO back to DROOY but have not yet done so. Drooy has 8 written all over it for the future, but BGO is churning nicely here as well, and could easily go to 3. I do feel a little more comfortable with NA stocks as well, at this juncture. If we do get some momentum pushes, the liquid NA stocks should perform well, MO.
CDE is perhaps more highly leveraged to POS than some of the others. If it keeps performing I've no intentions of immediately jumping, because of ST gains. Look at the LT chart and should be easy enough to understand. I happen to think it is just nearing critical mass so to speak. If silver hits 5 and beyond, no problems for CDE. It then too should hit 5 and beyond.
Don't know about adding more CDE. Have quite a load already, and don't like to get too out of balance. Leads to bad habits, which I have enough of.
At some point the lemmings should start buying. CDE is a well known company, along with HL. Should be positive for both, and one reason I have both in my portfolio. Would like to get back into PASS, but my sells and rotations so far have been advantageous.
OT - I've no idea whether I'm north or south.
Vi Snakkes! |
