Question 1: Whatever happened to your newsletter? I think the last posting I saw was last year sometime?
The Investor Alert Newsletter was a paid service at one time. When I began doing the blog, I found that writing the blog took up too much time if I included a newsletter as well. Since what I do, I do for free; I couldn't take time away from my investment advisory service to continue doing the newsletter.
Also, whatever free time I have away from my investment advisory and blog, I am spending on the development of my new newsletter, "Dynamic Growth". Soon, the Investor Alert website will be replaced with "Dynamic Growth", and the current website and portfolio will not longer exist.
Before we actually convert the website, I will give a rundown of each of the stocks in the IA portfolio. Once I give a rundown of each company, I will no longer track or post the IA portfolio.
Dynamic Growth will be a Sector Rotation newsletter with all the bells and whistles for subscribers, along with a blog attached for the general public. I will give specific sector fund and ETF picks for subscribers only, and in the blog portion, I will only mention stocks, funds, etc... that I happen to find attractive.
Question 2: Do you update your portfolio picks on a pretty regular basis and is there more of a description of why you have picked them?
I give a general description of everything I post in the IA portfolio, and I will add or remove stocks whenever I feel it necessary. The portfolio is a general list of stocks I happen to like, and is for informational purposes only. Investors who wish to buy the stocks in the portfolio have to assess their own objectives and risk tolerance if they decide to buy a stock we list. We do not give specific advice to anyone other than our clients, as is stated in our disclaimer.
As far as Goldcorp is concerned, a combination of events such as a sell-off in the commodities/metals sector and the company's controversial buyout of Glamis Gold is weighing on the stock. Wall Street didn't particularly like the acquisition since they feel that GG overpaid.
This seems to be a more stock specific problem, and I am interested in seeing how the stock will behave once Gold prices rebound. The bearish outlook for the dollar makes the prospects for higher Gold prices a good bet. With Gold closing around $590/ oz, our other precious metals play, Streettracks Gold trust (GLD) is doing fine.
Support for Gold looks to be around the $565 level. If Goldcorp does not rally as Gold bounces off the current support levels, we may sell the stock from the IA portfolio. I hate to be too hasty though because the purchase of Glamis now propels GG up to the same ranks as NEM, and other large capitalization Gold companies. Professional money managers feel more comfortable with large cap gold stocks than small cap, so for now, I am going to be patient and wait.
