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Sold the entire 9% GLD position at 86.54. I think gold will be going up later but the path is ugly looking right now. I still have the FCX, SA and AUY gold mining stocks as well as the SLW and CDE siler mining company positions. Can always buy it back…

Bought a .75% position in ALGNF – a Canadian income trust at $7.827 USD – yield about 11.5%

Bought another 1% position in RYN at $43.32 to bring total position to 2%. Stock and others in this segment (PCL, PCH & NBD) have been acting well lately.

Added another 1% to PCU position at $115.93 (down about 5%) to bring it to a total of 2%. With production in Chile being affected by electricity shortages, PCUs production in Mexico and Peru seemed attractive – or at least it will when production in Mexico halted by a strike resumes. <g>

Bought another .5% BTE making a total of 2%. Company in line for a credit upgrade. Pays almost 10% dividend.

PDS down about 7% on the day – bought a 1% position – thought it was oversold

CAF popped up over 12% today while the underlying Shanghai market was up 4-5%. Decided that that taking a big gain on a down day wasn’t a bad idea. Sold the entire 2% (what I bought a few days ago plus what I bought today) position at a nice gain.

Bought more CAF – up to 2% of portfolio now