Mary Anne and Pamela
Aden’s comprehensive monthly newsletter gives a thorough review
of all major sectors of the economy and markets. In this condensed excerpt,
their focus is on their analysis of and recommendations in natural resource
investments…
“The war in the Middle East is
keeping upward pressure on oil, the metals and their shares. The slowing US
economy is driving the dollar down and currencies up. Due to a likely pause in
interest rate hikes, bonds are rising, but the stock market is mixed.
“We continue to recommend buying and
keeping a 60% position in gold, silver, their shares, as well as oil, energy and
resource shares, as a renewed rise is underway. The exchange traded funds (ETF)
are an easy way to buy and hold gold, silver, oil and gold shares:
streetTRACKS Gold (GLD NYSE),
iShares Comex Gold (IAU ASE), iShares Silver
Trust (SLV ASE),
Mkt Vect Gold
Miners (GDX ASE).
“We also recommend keeping physical
gold and silver, and put a larger portion in gold and silver, and a smaller
portion in their shares. Gold
shares, and especially silver shares, are rising from an
intermediate low area. Our silver shares, Silver Standard
Resources (SSRI
NASDAQ), Pan American Silver (PAAS NASDAQ) and Coeur D Alene (CDE NYSE), are bouncing up and they look
good. Keep them.
“Our natural resource shares are
basing and some are leading in a renewed rise like IGE, PD and PSPFX. We
continue to recommend buying and keeping the shares listed in order of strength,
but a basket of these shares provides a good solid position: iShares GS Nat Res (IGE ASE), Phelps Dodge (PD NYSE), Freeport-McMoRan (FCX NYSE), US Global Resources Fund (PSPFX ), Rio Tinto (RTP NYSE), BHP Billiton (BHP NYSE), Cameco (CCJ NYSE), Sel Sec Matris SPDR (XLB
ASE).
“Our energy stocks are mixed. The
strong ones continue to do well, which are iShares S&P Global
Energy Sector (IXC
ASE), iShares Dow Jones US Energy (IYE
ASE), Energy Select Sector SPDR (XLE ASE), ConocoPhillips (COP NYSE) and Suncor Energy (SU NYSE). These are the
ones to buy for new positions.
“Our coal stocks, Arch Coal (ACI NYSE), Peabody Energy (BTU NYSE) and Westmoreland Coal (WLB ASE) are
starting to rebound from a clear oversold area. Newfield Exploration (NFX NYSE), Noble Corp. (NE NYSE) and Transocean (RIG NYSE) have been
disappointing. We recommend selling these and stay with the stronger ones. Exxon Mobil (XOM NYSE) has done very well
but it’s overbought; buy on weakness.”
