Two More Positions To Sell In A Strong Market

Although we think AEM will perform well over the long term, we see better value in other large cap gold miners so let’s sell for gains today. Also, considering TEAF’s large discount to net asset value and its high distribution yield, we expected it to deliver a 30% total return over a year-long holding period. But, it has returned almost what we expected over an entire year in less than three months. So, let’s take a gain on this position today as well.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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