Gold and Oil

The selling was intense last week and now they can’t buy it fast enough. My adds on Newmont at 47 looks good with the stock back at $50 so I will sell that position and bring down the average cost on my stock at $50. Gold has bounced almost 20 bucks since my post of – buy in the 530’s.

Oil is still my favorite for dips.

GW and PTEN were good adds a few days back. I like them because the stops are now set at last weeks lows on a closing basis. Good long-term upside in oil still from the last week prices.

I hope to continue to be this accurate on the buys and sells. Not likley though.