Sold 1% position in NEM at $48.70 for about a 7% profit
Sold NEM – Newmont Mining
June 20th, 2008Bought RIO – Companhia Vale Do Rio Doce
June 20th, 2008Bought 1.2% position in RIO at $35.00 down 3% on the day.
Bought SWC – Stillwater Mining
June 20th, 2008Bought 1% position in SWC at $11.16 – down over 5% on the day.
Cash now up over 10%
June 20th, 2008Down to four long oil/gas positions – Peyto (mostly gas Canadian royalty trust), Alta Gas (Canadian royalty Trust), Connacher (Canadian oil sands) & Opti Canada (Canadian oil sands) after Oil Sands Quest sale.
Have positions in five refiners which should go up if oil ever falls – HOC, TSO, FTO, VLO, SUN
Sold BQI – Oil Sands Quest Inc.
June 20th, 2008Sold entire 2.25% position in BQI at $6.00 up 2.5% on the day. Overall a 40% profit on the position.
Sold BQI – Oil Sands Quest
June 19th, 2008Sold .75% position in BQI at $5.98 leaving 2.25% position.
Raising Cash
June 19th, 2008Portfolio was pretty near 100% invested with no funds available to take advantage of opportunities so decided to sell some positions
Sold COW – Barclays iPath AIG Livestock ETN
June 19th, 2008Sold 1% position in COW at $44.88 for about a 1% profit
Sold MOO – Market Vectors Agribusiness ETF
June 19th, 2008Sold 3.5% position in MOO at $65.20 for a 15.5% profit
Sold JJA – Barclays iPath AIG Agriculture ETN
June 19th, 2008Sold 1% position in JJA at $66.60 down 1% on the day for a profit of about 12%