Portfolios (Gold and Silver) Stocks and ETFs

I was expecting a decline, but maybe it will not happen yet.

So…

I will buy:

SPDR Gold Shares (GLD)
PowerShares DB Gold Double Long ETN (DGP)
Direxion Daily Gold Miners Bull 3X Shrs (NUGT)
iShares Silver Trust (SLV)
ProShares Ultra Silver (AGQ)
VelocityShares 3x Long Silver ETN (USLV)


GREAT PANTHER SILVER LTD (GPL)
NEVSUN RESOURCES LTD (NSU)
FORTUNA SILVER MINES INC (FSM)

I picked 3 stocks, which are in concert with the market direction.
All of the stocks mentioned above increased their net cash provided by operating activities from 2010 to 2011.
 
I still feel that the PHLX Gold/Silver Index (XAU), after rising considerably, may have a correction soon, but as long as the trend remains up it is possible to go higher.
I will expect that Gold/Silver market continues to go up, as long as the XAU continues to close above the previous low 185,85 and key support. If close daily below 185,85 I consider the possibility of exit.


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Quote from Duarte:

I still feel that the PHLX Gold/Silver Index (XAU), after rising considerably, may have a correction soon, but as long as the trend remains up it is possible to go higher.
More...

Relative to the price of PMs, the mining stocks are still very undervalued. Of course, they can remain undervalued for long periods...
 
Quote from MKTrader:

Relative to the price of PMs, the mining stocks are still very undervalued. Of course, they can remain undervalued for long periods...
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Jim Rogers thinks the same.

"Gold is still far from being a bubble".
"Yes, commodities have been going up recently, but they are still extremely depressed on a historic basis".


But, a short-term correction could happen.
 
Quote from Duarte:

Below is the GOLD SILVER STOCK PORTFOLIO.


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It has not started well...
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yeah, they never do. and when they do, we all just take a short quick profit because we are amazed how much money we made in such a short time.

The only time you end up with a long term trade is when it starts off bad.
 
The following charts provide an overview of the portfolios evolution since the beginning.

The black line illustrates the evolution of the portfolio and the blue line shows an exponential moving average.
(Updated on Fridays)


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I have wanted to try trade without any stop loss because I take a long time to put the stop loss in all assets but the market fell and I took time to act.
In rare situations I'll consider the possibility to buy and sell partial positions and I will not use the amount that I have determined at the start. (4000 USD)
This would have been one of these situations.
I'll spend more money on commissions, but I'll protect the portfolio.

I wrote before about how these stocks and leveraged ETFs have a high risk, in particular the NUGT and the DUST are extremely volatile. There are two alternatives, DGLD and UGLD, which tend to be less volatile but do have low volume.
 
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