Welcome but that "keep an eye on it" was really for next year. I'm putting together next years business plan and starting to line up sectors and stocks within those sectors for late winter and early spring. UXG is the stock I picked for a possible comeback in the gold sector. I liked it for several reasons, least of which is it's present TA & chart. Although is has just finished a heads & shoulders pattern and continued decrease in price is not likely. There is nothing right now signaling entry.
I also, as usual, like the AG sector. Fertilizer companies in particular. I play them the first of the year, most every year. It's contract time. Right now MOS looks like it has the most potential. With AGU then CF and TNH.
Expect pipeline companies to do well next year. There has been investment up grading since the 2008 crash and expect financials to improve and the industry to become a safe haven, like utilities some day. Thats where ETE came from.
Last I'm researching dry shipping. Because, believe it or not, I feel the ECB's E-QE1 loans will start improving europe economy and shipping to climb out of the doldrums. I said the economy will improve, not the financial problems in europe. Those multi billion euro loans will pump cash into the economy, improving business, just like QE1 & QE2 did here in the US. Banks, that's another story. Their greed may take a little longer to correct. But the corporations earnings will improve, thus business between countries shipping to asia, north & south America and europe, IMO.
So far the plan is 4 stocks on 2 week to 4 week swing trade cycles. Four sectors, in gold I've choosen UXG, in the agriculture sector MOS or AGU. In Pileline companies I like ETE and have not decided which dry shippers yet. All up for change and adjustment, because this is preliminary research so far.
Back to UXG;
This is the first time for quite sometime, I'm going to play in a commodities area company. There are several reasons for that. First and formost is big money has shifted out of gold speculation and back into oil and utilities. This big money shifting is cyclical and IMO will shift back into commodities in the spring at the latest. Once the speculators pump all they can out of oil and utilities. UXG has fundamentals which show value, insiders are buying and there is maybe 4 or 5 other gold producers of this size, with takeover possibilities and this one is #1. So I'm talking keep an eye on it for next quarter.
