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.

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.

BTFD

Bought the dip in Yamana (AUY) @ $14, 500 shares.
Bought AK Steel (AKS) @ $7, 500 shares.

Taking profits in miners

Sold 1000 AUY @ $16 -- 23% return (1500 left)
Sold 100 SLW @ $40 -- 9% return (100 left)

Gold is really overextended, but it might go even higher. Just in case, taking some profits...

Have no fear

Gold is here. Bought 3000 AUY @ 12.95, 300 GDXJ @ $34

If all they can do to Gold is down a quarter of a percent, I laugh at them

Taking Profits Across the Board

Sold ALL Duke Energy (DUK) at $18.50 for a 22% total return including dividends
Sold my Short Yen (YCS) position for a 20% loss
Sold ALL Kraft (KFT) @ $34 for 32% total return with dividends
Sold 300 Yamana Gold (AUY) @ $13.7 for a 35% total return

Jack be nimble, jack be quick

The miners are dramatically outperforming the metals today on a relative and absolute basis. I'm taking a shot here for at least a technical bounce (if not more). Bought 100 Silver Wheaton (SLW) @ $37, and 500 Yamana Gold (AUY) @ $12.05

Taking profits in Gold miners, rotating

Sold 1000 Yamana Gold (AUY) @ $12.70. 16% gain on this lot; still have 700 left. Bought 100 GoldCorp (GG) @ $54.80.

I don't really like the severe underperformance (relative and absolute) of miners vs. the metal. We've kissed my $1570 target for the metal from the IH&S pattern so I'm getting a bit cautious and getting smaller.

Definite rotation underway from $Silver to $Gold, at least in the momo trade.

The ride continues

Picked up 200 SLV @ $44.07. Selling at the first sign of weakness, but right now the parabola is in full effect.

Picked up 500 AUY @ $12.75, with a stop on these 500 @ $12.20

Liquidating Miners

$GOLD price action looks scary to me today, might be due for a nasty pullback. I unloaded 1200 AUY @ $12.96. Still have a 1000 left. Got a nice 20% gain in. Of course I will buy back with lower prices.

Wrote covered calls on all of the GDXJ I own, as well.

Buy when there is blood in the streets

Bought 200 MSCI Japan ETF (EWJ) shares @ $9.36. Bought 100 Potash (POT) shares @ $53.20. Bought 100 Freeport-Mcmoran (FCX) shares @ $48. Bought 300 Yamana Gold (AUY) @ $12.05

Took profits across all gold miners

Sold 1000 AUY @ $12 (2000 left, 13% profit on the 10 lots sold)
Sold 200 GDXJ @ $41 (100 left, 46% profit on the 2 lots sold)
Sold 200 GG @ $48 (out of this position, 9% gain from a cost basis of $44)

One winner, Few losers

Stopped out of Agrium (AGU) for ~ 5% loss.

Bought MolyCorp (MCP) yesterday @ $30.50 (NS). That's already up 10%.

Bought Conoco (COP) yesterday @ $61.06 (NS).

Added to Yamana (AUY) yesterday @ $11.17 (NS). Cost average now up to $10.60

Short again & some new longs

Bought 300 UltraShort S&P 500 (SDS) @ $33.50 with no stop
Bought 100 Chicago Options Exchange (CBOE) @ $31.50 with no stop (this is an IPO)
Wrote July 34 strike Puts on SDS @ $1.80
Buying more Yamana Gold (AUY) at the open, bringing total share count to 3000

Tremendously long consolidation almost complete

Yamana gold has been consolidating around the 10 level since May of 2009. Meanwhile, gold prices are up almost 30% from that point. Yamana is 50% below where it was in March of 2008, when Gold was just barely at $1000 (the first time).

This consolidation will end as soon as Gold decisively breaks out from the $1250/65 area. I believe this will occur in the next week. Gold did a classic break out and re-test move to shake the weak hands out. The next week should be solidly positive for $GOLD futures and should close Yamana above $11, on its way to $30 in the next 12 months.

Position Updates

This has been a long time coming:

Sold half of my BP for a 40% loss.
Wrote a BP $20 July Put for $98.
Got assigned on my RIG at $65. You know where that is now.
Sold 200 AUY at $11 yesterday.

New Stuff

Buys
BMY @ 24.45
SDS @ 29.8
NLY @ 17.2
AUY @ 10.20

Sales
RST @ 27.32 (32% gain, final lots)

AUY put, FAZtastic no more

Put 200 shares of AUY @ 11. Trading at a slight loss considering option premiums, (5%) right now. Holding onto them until the cows come home.

The FAZtastic journey is over. Sold all lots @ 11.34 for a 75% loss. Lovely. Probably calling the top here by my action, too.

More buys

1) Humana 6.45% due 2016
2) Wrote AUY May 11 Put @ 1.1

More Gold

Adding to my Yumana Gold (AUY) positions in seveal accounts. Average price today: $9.60