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...

Out of my (bond) shorts

I am swearing off shorting bonds. Closing my position in TBT for a 25% loss. It doesn't even fit with my theory of an interest rate peg -- in that scenario TBT would decline, too.

All in all, a sucker play that may ONE day pay off, but not yet.

Blood in the streets -- time to buy

Adding/opening positions in dividend stocks.

Bought Merck (MRK) @ $30, 4.87% yield, no stop.

Bought more International Paper (IP) @ $24, 4.23% yield, no stop.

Bought Alerian MLP ETF (AMLP) @ $14.75, 6.4% yield, no stop.

Bought more Utilities ETF (XLU) @ $30, 4% yield, no stop.

Bought more ConocoPhillips (COP) @ $62, 4% yield, no stop.

I'm sniffing around Kimberly-Clark (KMB).

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

Short Treasuries

Bought 200 UltraShort 20+yr Treasuries (TBT) @ $28.50, stop @ $25

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

Shooting stars

Nasty reversals this week in $SPX: portends more weakness


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