Sell Alert: Take a 22% Gain On Barrick Gold

By Dan AmossPosted March 7, 2022

GOLD shares performed very well in February as its outstanding fourth quarter report indicated. So, there is better value available in our other gold positions. We will keep an eye on Barrick acquiring junior producers at attractive prices in the near future. For now, we recommend taking profits on this position.

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Jim Rickards’ Strategic Intelligence

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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Take a 61% Gain on the Sprott Gold Miners ETF

By Dan AmossPosted October 12, 2020

Although we prefer having exposure to gold positions through individual stock recommendations, SGDM’s portfolio of high quality gold stocks has had a nice run in recent months. So, now is a good time to take profits.

Take a 51% Gain on Barrick Gold

By Dan AmossPosted April 27, 2020

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.

Take a 35% Gain On CF Industries

By Dan AmossPosted January 3, 2022

Last May, we issued a $93 price target for CF, which was based on realistic assumptions for future revenue and profit margins. In just seven months, CF has sprinted higher, closing much of the ground between our $53 entry and our price target. We will follow the company, update our view, and may revisit the stock in the future – especially if a broad market sell-off pushes the stock lower in the short-term. But for now, after a nice rally into year-end 2021, we have a good exit point and recommend taking profits.

Sell Alert: Sell Devon Energy for 29% Gains

By Dan AmossPosted October 4, 2021

The recent surge in oil prices and natural gas prices has drawn market attention to the value of Devon’s reserves. This price surge has been accompanied by tepid increases in U.S. drilling, as we expected. DVN is now overbought. Although it still has good return potential in the years ahead, now is a good time to take a trading profit.

Time to Sell This ETF

By Dan AmossPosted January 14, 2020

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.

Lock In A 20% Return on Truist Financial

By Dan AmossPosted November 6, 2020

Truist issued an excellent third-quarter earnings report on Oct. 15. Its loan portfolio remains in great shape, despite the struggling economy. Also, the bank has a strong capital position with reserves that cover non-performing loans several times over. Even though we believe the stock could reach our price target by next July, it’s currently more than halfway there after only three months. So, let’s book gains now on this position.