Well, pretty bad week for gold. European sovereign debt crisis eased when some countries made successful bond sales. I think this is just a stall tactic as the poor fundamentals remain on that front. I sold
ATH for a modest profit in my cash account and switched it into
K. However, K tanked a bit this week as the price of gold plummetted. I was thinking I should move my cash account into a
TFSA account as I have almost $15,000 contribution room as of 2011. I still have to make up my capital losses from before, so it doesn't really make much of a difference right now (just needing to keep track of losses and gains for tax claims). Is my need to be an active trader clouding my strategy? I have to make at least 30 trades/quarter to get the $9.95 trades. Only good news is I'm still in positive territory on the strength of
AVR (despite it's downward move).
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| Gold Price Chart |
Copper is a hot commodity now.
TKO made a huge upswing this week which I missed again! There was quite a trading range yesterday too ($5.62-$5.84). Their niobium property has more reserves than previously thought and it took off this week. If the Prosperity gold-copper mine ever gets on track (after being rejected by the Feds in November), then TKO will really rocket.
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