Take this opportunity to sell either half or all of your positions in these three stock picks from Byron and Nomi.
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Jim’s view of the balance of risks in one of our investments has changed. It’s time to exit.
Jay Powell’s language in his speech at Jackson Hole today along with escalating trade tensions caused a downturn in markets. So, let’s cut some losses in three positions we hold in our portfolio.
As gold prices continue to rise during this volatile market environment, our GOEX ETF has provided good returns over the past few months. So, now is a good time to take profits.
With gold’s recent rally, Kirkland continues to outperform the market with industry-leading operating costs and positive cash flow. Unless the Fed is as dovish as the market expects next month, a correction in gold is likely. So, let’s take 41% gains in this position.
With global demand for palladium and nickel going up, Norilsk has seen a significant increase in profitabliliy. We presently have a substantial double digit gain with this play. The metals that Norilsk is mining are sensitive to economic downturns, so let’s take advantage of this 58% gain now.
The combination of excessive debt, slowing growth and central bank action due to the coronavirus has pushed TLT much higher in recent months as investors fled from stocks and corporate bonds. But with the likelihood of higher yields now for newly issued Treasury bonds, this would push shares of TLT lower. So, let’s take gains today.
