COPPER, COPPER, COPPER

AUR

I know, I know, this is not the right way to invest (sounds like Larry Brown), but I remain very nervous of this commodity rally. On the other hand, you would be certainly underperform if you do not have sufficient exposure. At this point, my tactics is to have a limited exposure, but be ready to run for exit. With that, I would like to add some AUR this morning. It has corrected more significantly than others, and the relief of its CFO caused some concerns among investors (Is there an accounting irregularity coming?). I would not know, but this to me appears to be an opportunity. Bought at 16.16 this morning.

I may also buy HBM back this morning. (Stop lecturing me please). Bought at 12.95 this morning.

Did some selling as well. STX stoped out. This is a record. I have never been able to make any money on this one. Also sold my entire position of CF.UN as sentiment is against this one. Moreover, interests in the entire trust sector, particularly business trust, is fading fast. Also sold half my position on ADS. It has gone up for more than 50%, and it's time to take some off the table here, despite the strong earnings and upgrades. I kept the remaining half position. Next target is $60, and the near term catalyst is a continuing strong quarterly result.