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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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 gold’s recent rally, Sandstorm has benefited greatly and we are now showing a double digit gain with this play. If the Fed surprises in next week’s policy statement, shares could retreat. Let’s take this 57% gain now.
Even thought the natural resource sector has had a challenging environment in the past three years, Sprott Inc. has performed very well in an underwhelming industry. We took gains on half of this position last July. Let’s sell the remaining shares now for a 54% gain.
Since the Fed started adding to its balance sheet last fall, emerging market stocks have rebounded after being squeezed for much of last year. With more upside potential in the months ahead, now’s a good time to cut losses on our EUM puts.
With the recent jump in gold prices along with a decline in the Australian dollar, Newcrest’s share price has benefited greatly. We have already hit our target price that Byron King expected by the end of 2019, so let’s take 45% gains on this position now.
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.
