Still 50% cash but some buys and sells...
Along with my addition of WHT, not looking too smart so far I bought a few additional shares of CRED which is seeing volume increasing and rising prices today...Also Frontline (FRO) back in at $30...figuring there ought to be plenty of business transporting crude around over the summer...along with some other company specific factors that I think will make FRO more attractive to investors soon...like lots of dividends... I thought all of this lower, too, when I excited...
To finance this spending spree I sold GG bought a couple days ago and from which I made about a 25 cent profit per share...About the only miner I have on which I can lay such claim, so it probably was the wrong one to sell..It's one of the better performers today...
Notice that Crude has given up most of its gains for the day, NG is now down and the CRB is below 270 which I see as bearish...
Gold and Silver might come up with little buy signals today on GAllemores charts, which I classify as a Trend indicator reversal on declining negative momemtum after a sustained period over sold...But really $386 or so seems critical to any reversal of trend... This decline in the CRB below 270 is an overriding negative and if Crude breaks by a dollar the decline today will end up being significant...
CRB - indicators and price hanging....I see 260 coming...
stockcharts.com[l,a]dacayiay[dd][pb40!c200!i!f][vc60][iUl14!Lp14,3,3!Le12,26,9!Lb14!Lya7,14,28!Lm12!Ld20]&pref=G
CRED - all indicators rising, including volume today...
stockcharts.com[l,a]dacayiay[dc][pb40!c200!i!f][vc60][iUl14!Up14,3,3!Lg!Lc9!Lf!Le12,26,9!Lb14!Lya7,14,28]&pref=G |
