In one account, my only position for several months has been ProShares UltraShort Euro (EUO). I picked up Anadarko Petroleum (APC) last week. I expected the broader market sell-off, but thought APC sold off too much on the news of the leak in the Gulf. I think they're a great company, but if it breaks down, I'd sell and wait to buy it back at a lower price, especially since the miners may become much more attractive soon. At the moment I'm down about 4% in APC.
Today, I just moved back into Nevsun (NSU), a gold miner that was profitable for me from late 2008 to summer 2009. I sold out and it went up 100% after that. I also picked up some Seabridge Gold (SA) and possibly some Evolving Gold (EVOGF; EVG.V) if my limit order goes through.
Gold continues to be strong and I believe that gold miners can benefit if gold rises or stocks rise. Plus, if the euro reverses, gold and stocks may both rally. I think one can do fine holding an ETF here, such as Market Vectors Gold Miners (GDX) or Market Vectors Junior Gold Miners (GDXJ).
NYC Women’s Caucus Reports Women Randomly Punched in the Face
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If you see this person, immediately inform the police.
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