Real Money Portfolio – Update 2/17

This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.

The Real Money Portfolio outperformed the S&P 500 again this week 1.4% vs. 1.2%.  BHP Billiton was forced to do it all alone closing up 5.4% for the week.  CEF and Silver Weaton (SLW) were no shows.  Matter of fact, I almost sold SLW on Monday as it closed right at support.  Since I had a little profit in the position, I decided to give it another day. Fortunately it did bounce over the next two days.  However, on Thursday I decided that it was time to part company.  So, why did I dump SLW? 

Gold and Silver bullion have recovered from their November peaks – so have the leading Gold and Silver mining companies.  SLW peaked around $12 in November and currently is sub $11.  I prefer having my money in the leaders and Silver Weaton is not acting like a leader. 

 slw0217.png

On Thursday, I sold SLW and rolled the money into Yamana Gold (AUY).  I have traded in and out of AUY over the past year or so.  As you can see, it has surpassed its November highs.  At least for one day, the swap has worked.   SLW was down 2% on Friday, while AUY was up a fraction. 

 auy0216.png

It was a toss-up between going with Yamana Gold or Gammon Lake Resources (GRS).  Gammon was up 5% on Thursday.  Stocks usually pull-back after such a run, so I decided on Yamana. 

 grs0216.png

Actually, I couldn’t pass up on Gammon and purchased it in another portfolio.  So, let’s see what the new blood brings to the party.

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