Taking more profits

Illinios Tool Works (ITW), sold @ $60 ($46 cost basis), 26% total return with dividends.

Sold my JNJ

@ $71. 27% total return including dividends.  Not bad.

Petro-bras

Gone.  Sold for 34% loss.  Where did I go wrong here?  Investing in a socialist state's state-owned enterprise.

In on the Yamana

Picked up 2000 Yamana Gold (AUY) at $15.75. Gold has bottomed and so have the miners.  I'm looking for explosive upside.

BTU and MOS

Added to Mosaic just above $55.  Bought 200 Peabody Energy (BTU) @ $31.

Sold all my Yamana Gold

Sold all 2000 Yamana Gold (AUY) @ $17.40, cost basis $12.05, for a 46% gain with dividends.  Will buy back at lower prices.

I think the rout in $GOLD may continue down to $1650.  Alot of positive momentum was destroyed today technically.

Conoco Cup & Handle

ConocoPhillips (COP) looks to have made a multi-year cup and handle pattern on the weekly chart.  The measured target for this stock is $120.

With Oil prices in a bullish inverted head and shoulders pattern, and natural gas having seemingly found a bottom, this stock appears poised to move significantly higher.  Long and strong.

Housing Prices Bottoming in DC

Housing prices appear to be statistically bottoming in the DC metro area.  Year over year price trends are positive in all percentiles -- which is the first time that's happened since 2005.  And inventory for sale is extremely low  -- the lowest its been since housingTracker started keeping track.  This is, at the very minimum, bullish for a bottom.  We're not going to take off like a rocket ship -- especially with federal budget cuts looming -- but the corner appears to be turned.

http://www.deptofnumbers.com/asking-prices/district-of-columbia/washington/

Gold (in Euros) looking to break out

Outside of all the fundamental reasons to own gold, there are now some very good technical ones.  In dollar terms, Gold has broken out of its 6 month falling trendline.

More exciting -- Gold in Euro terms has formed an Inverse Head and Shoulders on the Daily Chart and a W on the Weekly Chart.

Weekly:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=W&b=5&g=0&id=p06548395061

Daily:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=D&b=5&g=0&id=p54692884900

This portends for higher prices ahead, probably in combination of a lower euro and higher nominal gold prices.

We may encounter a slight pullback to $1700 as ST bullish sentiment has become crazed, before continuing on to much higher prices.

No one ever went broke...

....taking profits.

Sold Merck (MRK) @ $39, 31% gain with dividends.
Sold AK Steel (AKS) @ $9,  26% gain.
Sold Amgen (AMGN) @ $69, 28% gain with dividends.
Sold Activision (ATVI) @ $12.10, 7% gain.
Sold Norfolk Southern (NSC) @ $77, 19% gain with dividends.

More dividend payers

Bought Illinois Tool Works (ITW) @ $46.
Bought AT&T (T) @ $30.30.


Both are yielding more than 3%.