This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info. We are back to 100% invested in this portfolio. Last time this happened was in the beginning of December. It lasted for a “whole” 3 days. Making it thru Tuesday, without selling anything, will put a new streak in place. I am not banking on that happening. Let’s take a look at what happened last week.
As I mentioned last week, Cresud either had to turnaround quickly or it would be stopped out on Monday or Tuesday. Around 9:31 am on Monday it was taken out. It spent the rest of the week taunting me for selling it – as it attempted to pull back. Good riddance. I have already redeployed the money elsewhere.
Gold and Silver had a nice move on Tuesday and CEF finally broke thru its resistance. I added another 10% to CEF bringing it’s total allocation to 50%. Recall that CEF is a Gold and Silver bullion ETF. I intentionally over-weighted bullion as it has outperformed Gold/Silver Stocks since the release of the Gold ETF in November 2004. Typically Gold/Silver stocks outperform bullion. Let’s see if it this new trend continues.
On Tuesday I also added a 10% position in one of my favorite Silver stocks – SLW. I have spoken about SLW before on these pages (here). I added another and the final 10% on Wednesday.
BHP released earnings on Wednesday and underwhelmed the market. It spent the next two days selling off. So, BHP is under the microscope this week. Will December’s 3 day streak stand? It is quite possible with BHP looking vulnerable.
We closed the gap with the S&P a little this past week. Let’s hope for more of the same this week.