Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
How to Play Interest Rates in US Real Estate - 20th Aug 19
Stocks Likely to Breakout Instead of Gold - 20th Aug 19
Top 6 Tips to Attract Followers On SoundCloud - 20th Aug 19
WAYS TO SECURE YOUR FINANCIAL FUTURE - 20th Aug 19
Holiday Nightmares - Your Caravan is Missing! - 20th Aug 19
UK House Building and House Prices Trend Forecast - 20th Aug 19
The Next Stock Market Breakdown And The Setup - 20th Aug 19
5 Ways to Save by Using a Mortgage Broker - 20th Aug 19
Is This Time Different? Predictive Power of the Yield Curve and Gold - 19th Aug 19
New Dawn for the iGaming Industry in the United States - 19th Aug 19
Gold Set to Correct but Internals Remain Bullish - 19th Aug 19
Stock Market Correction Continues - 19th Aug 19
The Number One Gold Stock Of 2019 - 19th Aug 19
The State of the Financial Union - 18th Aug 19
The Nuts and Bolts: Yield Inversion Says Recession is Coming But it May take 24 months - 18th Aug 19
Markets August 19 Turn Date is Tomorrow – Are You Ready? - 18th Aug 19
JOHNSON AND JOHNSON - JNJ for Life Extension Pharma Stocks Investing - 17th Aug 19
Negative Bond Market Yields Tell A Story Of Shifting Economic Stock Market Leadership - 17th Aug 19
Is Stock Market About to Crash? Three Charts That Suggest It’s Possible - 17th Aug 19
It’s Time For Colombia To Dump The Peso - 17th Aug 19
Gold & Silver Stand Strong amid Stock Volatility & Falling Rates - 16th Aug 19
Gold Mining Stocks Q2’19 Fundamentals - 16th Aug 19
Silver, Transports, and Dow Jones Index At Targets – What Direct Next? - 16th Aug 19
When the US Bond Market Bubble Blows Up! - 16th Aug 19
Dark days are closing in on Apple - 16th Aug 19
Precious Metals Gone Wild! Reaching Initial Targets – Now What’s Next - 16th Aug 19
US Government Is Beholden To The Fed; And Vice-Versa - 15th Aug 19
GBP vs USD Forex Pair Swings Into Focus Amid Brexit Chaos - 15th Aug 19
US Negative Interest Rates Go Mainstream - With Some Glaring Omissions - 15th Aug 19
GOLD BULL RUN TREND ANALYSIS - 15th Aug 19
US Stock Market Could Fall 12% to 25% - 15th Aug 19
A Level Exam Results School Live Reaction Shock 2019! - 15th Aug 19
It's Time to Get Serious about Silver - 15th Aug 19
The EagleFX Beginners Guide – Financial Markets - 15th Aug 19
Central Banks Move To Keep The Global Markets Party Rolling – Part III - 14th Aug 19
You Have to Buy Bonds Even When Interest Rates Are Low - 14th Aug 19
Gold Near Term Risk is Increasing - 14th Aug 19
Installment Loans vs Personal Bank Loans - 14th Aug 19
ROCHE - RHHBY Life Extension Pharma Stocks Investing - 14th Aug 19
Gold Bulls Must Love the Hong Kong Protests - 14th Aug 19
Gold, Markets and Invasive Species - 14th Aug 19
Cannabis Stocks With Millennial Appeal - 14th Aug 19
August 19 (Crazy Ivan) Stock Market Event Only A Few Days Away - 13th Aug 19
This is the real move in gold and silver… it’s going to be multiyear - 13th Aug 19
Global Central Banks Kick Can Down The Road Again - 13th Aug 19
US Dollar Finally the Achillles Heel - 13th Aug 19
Financial Success Formula Failure - 13th Aug 19
How to Test Your Car Alternator with a Multimeter - 13th Aug 19
London Under Attack! Victoria Embankment Gardens Statues and Monuments - 13th Aug 19
More Stock Market Weakness Ahead - 12th Aug 19
Global Central Banks Move To Keep The Party Rolling Onward - 12th Aug 19
All Eyes On Copper - 12th Aug 19
History of Yield Curve Inversions and Gold - 12th Aug 19
Precious Metals Soar on Falling Yields, Currency Turmoil - 12th Aug 19
Why GraphQL? The Benefits Explained - 12th Aug 19

Market Oracle FREE Newsletter

The No 1 Gold Stock for 2019

Stock Market Investments - Take Profits Now!

Stock-Markets / US Stock Markets Jul 05, 2007 - 10:57 AM GMT

By: Money_and_Markets

Stock-Markets

Larry Edelson writes: I hope you had a nice holiday yesterday. I'm making a semi-long weekend out of this year's Fourth of July, by working half-days today and tomorrow. That will allow me to catch up on some much needed R&R.

But don't think for a minute that my market antennae are down. Quite to the contrary, when I "take a break," it means watching the markets six hours a day instead of the usual 18!


At this point, it's especially important that I keep my eye on things. Last week, I told you how my signals are indicating that a large downdraft in the U.S. stock market may be at hand, with the Dow falling as low as 11,500 over the next few months. I hope you heeded my warnings and followed the steps I provided in that issue to help you protect your money.

Now, I think further action is required. That's why, earlier this week, I sent my Real Wealth Report subscribers an important flash alert. As active paying subscribers, they are entitled to get my signals first.

But now that they have had time to act on my recommendations, I feel I can release the information to the general public. Simply put …

It Looks Like a Good Time To Grab Some Profits

Don't get me wrong. In no way should you interpret my recommendation to take some profits off the table as an indication that the long-term bull market in natural resources is over. Hardly! Much higher prices are coming.

Instead, I'm recommending this action merely as a good money management procedure. Some pretty hefty gains have been racked up, so it's time to take some profits off the table.

Heck, many of the investments I've mentioned here in Money & Markets have done pretty darn well lately. Here's a table with some examples (performance through the close of trading on July 2):

Investment Ticker Mention Date Gain/Loss
AIM Energy Fund IEFCX 07/28/05 20.8%
CIMAREX ENERGY CO XEC 07/25/05 -4.1%
XTO ENERGY INC XTO 07/25/05 74.5%
Oil Service HOLDRs Trust OIH 09/19/05 44.6%
Streettracks Gold Trust GLD 09/19/05 40.1%
Tocqueville Gold Fund\The TGLDX 10/10/05 40.7%
Energy Select Sector SPDR Fund XLE 10/10/05 44.2%
iShares Dow Jones US
Energy Sector Index Fund
IYE 10/10/05 46.9%
Vanguard Energy VIPERs VDE 10/10/05 45.8%
iShares S&P Global Energy
Sector Index Fund
IXC 10/10/05 41.1%
Powershares WilderHill
Clean Energy Portfolio
PBW 10/10/05 32.4%
US Global Investors
World Precious Minerals Fund
UNWPX 10/10/05 56.2%
DWS Gold & Precious Fund SCGDX 02/23/06 0.7%
Sadia SA SDA 06/08/06 81.8%
Archer-Daniels-Midland Co ADM 06/08/06 -14.4%
Cresud SA CRESY 06/08/06 67.8%
Enerplus ERF 08/10/06 -16.6%
U.S. Global Investors
Global Resources Fund
PSPFX 08/10/06 3.7%
Profund UltraSector Oil & Gas ENPIX 08/10/06 30.8%
Matthews India Fund MINDX 09/28/06 37.8%

Naturally, if you're holding any of these investments, your results will vary based on the times you bought and the fees your broker charges you. (And I mentioned many of these more than once.) But as you can see, a lot of them have had very solid runs.

So, here's what I suggest: If you own XTO Energy (XTO) … Cimarex Energy (XEC) … the AIM Energy Fund (IEFCX) … or the Dow Jones U.S. Energy ETF (IYE), consider selling and booking some profits.

That will allow you to lighten up your portfolio a tad … and reduce your downside risk.

However, I want to repeat that you should not take this as a sign that the bull market in natural resources is over, especially in energy prices. It's not even close to over. And that's why I believe all the other positions are still worth holding.

In fact, I remain firmly convinced that we will see record new highs in the price of gold … in oil … in gas … and in a slew of other natural resources, before the end of this year.

I have no doubt about it. Chief reason: While the U.S. economy is effectively stagnating, overseas economies are roaring, and they will continue to do so.

Naturally, there will be corrections along the way, but the long-term uptrend for most developing economies — China, India, Brazil and more — have a long way to go. Ditto for natural resource prices.

So, consider booking some gains, and then hold your other positions for more potential profits.

Best wishes for your health and wealth,

 

By Larry Edelson

P.S. The opportunities — and dangers — in this market are so unusual, and the timing for investors to take action so immediate, Martin is doing something he's never done before: Next week, he's holding a first-ever Weiss seminar online, with full audio and video. And since you're a reader, it won't cost you a penny, provided you register now. Click here here for all the details.

P.P.S. If you're not already a Real Wealth Report subscriber, consider joining now. For a mere $99, you will get a one-year subscription, including all recommendations as soon as I release them (including flash alerts), plus 12 monthly hard-hitting issues that keep you fully informed on the natural resources markets and important happenings on the international scene.

I consider that $99 price a bargain. After all, I estimate that the round of gains Real Wealth subscribers just bagged via my flash alerts add up to over $17,000 — not to mention another $36,000 in gains on open positions.

That totals $53,000 in gains — enough to pay for an annual subscription to Real Wealth Report 535 times over! To become a Real Wealth Report member now, just click here .

This investment news is brought to you by Money and Markets . Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com .

Money and Markets Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules