Precious Metals and Energy

Given recent remarks by the “talking heads” on CNBC last week, the five-day rise of the Dow Jones Industrial Average, and the financial print media weekend’s readings, the title of this Monday’s essay is :

Security, Energy, Metals, Mining and Commodities

Smooth Sailing or Deep Waters Ahead?

We cannot help thinking that fund managers are going to selectively take profits this week before the end of this quarter leading the market to lose gains made at the end of the summer. Note that I use the word selectively with hope that millions of electronic sell orders do not ravish the market before this Thursday afternoon.

Perhaps it is time to prepare for a downturn in the market or at least learn about the stocks in two more industrial sectors.

Investor’s Business Daily wrote in Monday’s Edition about four companies in a class of commodities. Teddy and I found seven others to watch.

Interesting enough, 8 of 11 stock prices rose on Friday when one might anticpate precious metal stocks to sink when the DJIA rises, or vice versa.

Let’s start watching:

  • Alcoa (AA) – Closing Value on September 24 at $ 12.20 per share
  • Barrick Gold * (ABX) – 46.37
  • Allied Nevada (ANV)  – 27.50
  • Yamaha (AUY)  – 11.10
  • Cliffs National (CLF) – 62.58
  • Eldorado Gold (EGO)  – 18.25
  • Gold Corp (GG)  – 43.81
  • Harmony Gold (HMY)  – 11.42
  • Ivanhoe Mn (IVN)  – 23.67
  • Newmont Mining (NEM) *  – 63.40
  • Silver Wheaton (SLW) *  – 26.60
  • Vale SA (VALE)  – 30.04

 

* Denotes cited as one of the IBD top 100 on September 26, 2010

As for the energy sector, let us put a watch on these stocks:

  • Alliance Holdings (AHGP)  – 43.60
  • Buckeye GP  Holdings (BGH) – 41.95
  • El Paso Pipeline Holdings (EPB)  – 31.57
  • Jinko Solar Holding Co. * (JKS) – 29.58
  • Contango Oil and Gas (MCF)  – 49.63
  • MV Oil Trust Units (MVO)  – 31.14
  • Noble Drilling (NE)  – 34.23
  • Northern Oil & Gas (NOG)  – 16.56
  • Solar Fun Power Holdings (SOLF)  – 12.09
  • STR Holdings *  (STRI) – 21.65

  • Trina Solar Ltd.  * (TSL) – 27.68
  • Western Gas Partners (WES)  – 26.44

Fyi, last Friday, 9 of these 12 increased in value. WES (-.25), BGH (-.11), and AHGP (-.06) were slight losers.

For benefit of comparison, the opening bell numbers on September 27, 2010, of these indices were at these levels:

30 Year Bond = 3.79

NASDAQ  = 2381.22

DJIA = 10860.26

S&P = 1148.67

 

We’ll just have to wait and see what happens.

Good luck and enjoy the games!

===========================

Copyright MMX – Max’s Scout Services & Communications, LLC

[for musement only]

another plug for my cookbook

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About Max's Scout Services and Communications of the Americas, LLC

WRITER / MANAGEMENT CONSULTANT / SPORTS FAN / HUMORIST/ FOOD CRITIC / HORSE AND DOG OWNER / CHRISTIAN / MEMBER OF THE COLORADO GREEN PARTY / ALOHA SPIRIT /

Posted on September 27, 2010, in Humor, Risk Management, Stock and Commodities. Bookmark the permalink. Leave a comment.

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