GOLD stocks … i loved you but time to say goodbye

a month ago in got gold? here are my stock picks”  i posted “my list of 7 gold stocks to hold for the next few years” but the month brought a crazy gold run-up that has just been too much, too fast for my taste … i sold virtually all my gold today

NMC.TO   NEWMONT MINING CORP. OF CDA LTD 53.67  … SOLD 64.65
G.TO          GOLDCORP INC 46.31  … SOLD 54.39
AEM.TO    AGNICO-EAGLE MINES LTD. 56.99 … SOLD 71.00
YRI.TO      YAMANA GOLD INC 13.43 … SOLD 17.11
NGD.TO    NEW GOLD INC. 10.00 …  SOLD 13.55
EGU.TO    EUROPEAN GOLDFIELDS LIMITED 10.73 … SOLD 12.59

GORO       Gold Resource Corporation 23.37 … THE ONLY LOSER, CURRENTLY AT $22.45 … I DID NOT SELL, WAITING UNTIL FALL FOR PRODUCTION TO START HOPEFULLY TO PROVE THE SHORTS WRONG

i thought i was posting good, long-term picks for my friends to buy passively but now i see the world is too complicated for that …

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s