January 25, 2011 09:33 pm
I've been buying a few new positions in the past two weeks that I have yet to recommend in my Risky Picks Blog that I though I would share with the group. I've been accumulating shares of EW and CXO in the past ten trading days and will continue to do so in any sign of weakness.
I've also been building a position in stocks that I have recommended over the last two years but have sold before the end of 2010. I believe that we are near the bottom of the current correction in Gold and Silver and feel comfortable building positions in quality junior and mid tier miners such as AXR, FVI, SVL, GBG, CGA and NGD. I've owned all of these in the past and have been lucky enough to lock in some serious profits. I think investors can start to look at building new positions or adding to existing ones in the coming weeks. I've been bullish on the precious metals since the crash in 2008 and have not changed my opinion on the sector.
Most recently, I've also been adding some shares to existing positions such as ELS, MFL, TMM, TAK, SND, PCY and ECC.
My current holdings are listed in the Risky Picks Portfolio for all to see. As always, do your own DD before investing, Best of luck to all,