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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Since gold stocks bottomed on March 23, Yamana Gold has soared by 105%. That move far outpaced the 70% gain in the popular GDX ETF of gold miners. After this remarkable run, Yamana’s value is no longer overlooked as we argued in our original buy alert back in October. So, let’s take the cumulative 59% gains on AUY today.
Although we expect Barrick to perform well during the rest of 2020, we believe shares are overbought after doubling in value from its March 2020 lows. Because a large company like Barrick can only grow so quickly, let’s book 51% gains on GOLD now.
FLR crashed in the two months after our recommendation last year. But, with the anticipation of more engineering work based on the current infrastructure proposal being negotiated in Washington, Fluor has had a remarkable recovery. So, let’s take profits today.
Jim’s view of the balance of risks in one of our investments has changed. It’s time to exit.
In light of the volatile nature of stocks currently and the market bounce this week, it’s time to sell eleven more positions in the portfolio as they are vulnerable to much lower prices in the months ahead.
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.
