Investing in Gold, Silver and Technology Stocks, Today’s Trades

Posted on September 25, 2007 , filed under Stocks | Print This Post

I closed out 2000 shares of Tanzanian Royalty Exploration Corporation [[TRE]] at $5.94. I have a roughly 20% profit on that stock. I still hold a 3000 share position. I placed an order for 1000 shares of Silver Wheaton [[SLW]] at $13.40 to gain more exposure to silver. I bought 25 options in QLogic Corporation [[QLGC]] +VEBAV at $2.80 yesterday. I picked up another 10 at $2.65 today. I like +VEBAV between $2.50-$2.80. I expect upward movement in QLGC in the next year. Search QLGC in the sidebar for my previous analysis on the company.

Add this post to your favorite social networking site

(No Ratings Yet)

Loading ...

Comments

RSS feed | Trackback URI

2 Comments »

Comment by Paul Wills

2007-09-25 21:11:00

I thiny you are correct in your gold and silver stock plays and recent timing decisions. You may enjoy two other blogs that focus on gold and silver stocks.

http://earnosestocks.blogspot.com/

http://goldstockprophet.blogspot.com/

Best Regards,

Paul Wills, M.D.,F.A.C.S.

Reply to this comment

Comment by Michael Cerulean

2007-09-30 14:46:15

Hi Andy,

I have really enjoyed your posts on Seeking Alpha. I think the Royalty models of RGLD and TRE will really come into focus over the next month or so, as traders begin to drill down to individual stocks & stories after the initial dust of this massive breakout in gold and silver settles down.

Costs are rising (NEM is a great example) and production is flat for many of the large producers and I think the royalty plays will very soon have their day in the sun.

Sinclair has recently returned from China. I’m curious as to what TRE has unfolding come 2008. This will be an interesting year for TRE and Sinclair - as much of what he’s been predicting for the last few years is now unfolding in the U.S. Dollar and with Bernanke and inflation.

If you are interested in my 2 cents on Bernanke, Gold and inflation; I penned a post along with some charts that speak volumes about how the market felt about what I call:

“Bernanke’s Blink”

http://goldsilverstockcharts.wordpress.com/2007/09/30/ben-bernanke-blinks-and-the-market-calls/

Silver is lagging the move in gold a bit, so I’ve actually been adding more silver stocks than gold of late.

SLW, SIL, PAAS, HL and the silver ETF “SLV.”

I think 2008 is going to be the year Gold and Silver dominate the headlines.

All the best,

Michael Cerulean

Reply to this comment