|Day Low/High||2.54 / 2.63|
|52 Wk Low/High||2.21 / 5.97|
With the Yamana Gold shares now oversold, it's time to add to this natural hedge.
We added a name to the portfolio's Bullpen as a whirlwind quarter came to an end.
A study of analyst recommendations at the major brokerages shows that Yamana Gold Inc is the #41 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
We exited 2 positions and took some profits during a busy week for the portfolio.
We initiated a new position and made several other trades during a week of twists and turns.
We initiated 2 new positions in a week dominated by political events.
We scaled further into one position and added a Bullpen name as the market shrugged off geopolitical uncertainties.
It was a busy week of moves in the portfolio as we head into the latter half of the second quarter.
We initiated one new position and exited another last week, while several other names reported earnings.
We are using the rebound in gold prices from an eight-week low last week to add to the position.
We continue to view Yamana Gold more as a market hedge than a true investment.
We expect there will be the usual slicing and dicing of the Fed policy statement to get a sense if the Fed will boost rates at its meeting in June, or in the back half of this year.
Consumers are far less likely to splurge on a large purchase than they might otherwise be.
During a busy week of earnings and data, we exited 2 positions and initiated a small one.
May kicks off with a busy first week filled with earnings, monetary policy and a snapshot of the health of the economy.
We exited one position and downgraded another as earnings season heated up.
Gold prices look ready to break higher -- and these four miners are the strongest way to play the trend.
We added a new name to the portfolio as the market took a breather in a shortened trading week.
A study of analyst recommendations at the major brokerages shows that Yamana Gold Inc is the #32 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
Shares are down for Unilife, which doesn't meet our portfolio criteria.
We beat the benchmark Russell 2000 for the quarter, and we await a busy week on the economic front.
We are keeping an eye on rate-sensitive names for possible buying opportunities, as stocks fell around 1.5% this week.
We picked up more Abraxas Petroleum on weakness, while the market rebounded slightly after the FOMC announced the anticipated quarter-point rate hike.
We bulked up on Abraxas Petroleum and Yamana Gold on weakness, as the markets pulled back and investors positioned for next week’s FOMC meeting.