The Newspaper rule

There's a rule that says you should buy when something is on page 18 of the newspaper, and sell when it makes it to page 1. In Vancouver, gold and oil was the top story of the local newspaper and of CBC 2 days in a row. CBC is the biggest news station in Canada.

Unfortunately, I didn't see this. I guess I know how people felt in 1999. However, today I sold all my positions early in the morning when they started to break down hard.

Gold



Gold has been in a mini mania this last week, and I wouldn't be surprised if it touches the bottom trendline. However, I feel we are in the strongest leg of this gold bull market (which will last 15-20 years), meaning the consolidation may be short and will provide good buying opportunities.

Cameco Corporation (CCJ)



Although Cameco Corporation (CCJ) is my favorite stock, I believe it is trading WAY above its NAV (and that's not discounted NAV....the company is more expensive than all the uranium they have in the ground at today's prices). Therefore, I believe there will be some weakness in this stock in the near future. I considered buying puts today.