PundysPub.com

Bought .4% position in PAL to bring position to 2%. Price was $5.10 down 6.6%

Bought another 1% position in ABX at $39.10 to increase total to 2%. Profitability up, production up, hedging stopped and dividend raised.

Sold entire .5% SUN position at $43.96 – 17% loss on position.

Sold entire VLO position – 2.5% at $47.23 which represents a 20% loss. Just way to early on this as oil continued climbing putting more margin pressure on the refiners. Still Have TSO, SUN and HTE which are in that segment.

Bought another .5% OPCDF – Optio Canada (oil sands) at $21.99 USD to bring position to 2%.

Sold .75% Cemex position (entire position) at 29.21 for 10% gain

Added another .75% EWC to bring position to 2% at $33.58 (up 1.63% on day)

Bought a 1% position in Barrick Mining (gold) at 39.75

Bought a 1% position in Newmoint Mining (gold) at 45.9164

Sold 1% piece of HTE at $22.12 USD. Remaining position is about 2%. This company bought a refinery and hasn’t performed well ever since. Just wanted to reduce the risk by dropping the position size a bit.