Bought Some Gold

Probably the most beaten down sector so far this year is gold miners.  Gold is not exactly off to a sparkling start, but miners are doing even worse. GDX, the gold miner's ETF is down a bit more than 10%.

I already owned NSU and FCX.  NSU is a highly speculative play, that is part gold but frankly more copper.  FCX is copper, gold and with the soon to be closed purchase of PXP and McMahon Exploration will have a large oil & gas component.

I decided to buy NEM, this is a large mining company (over $20b) that is relatively cheap (8 x forward earnings) and pays a decent dividend (3.4%). They are trading at their 52 week low, around $41 versus a 52 week high of $62.  They have joined my dividend portfolio.

I also sold MPC on Monday.  I now just own one refiner (HFC).  MPC was a great stock for me, my original purchase a year ago ended up 87%! 

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	151	527.49	448.97	397.50	-14.4%	5.9%	-20.3%
ABR	4,500	7.18	7.53	-	4.9%	-1.5%	6.3%
AOD	12,969	3.91	3.93	270.00	1.0%	0.1%	0.8%
BHK	2,270	12.79	14.88	3,118.18	27.1%	11.3%	15.8%
CIM	20,000	2.77	2.94	-	6.0%	1.5%	4.5%
CSCO	4,292	17.22	20.61	2,013.95	22.4%	12.9%	9.5%
CSQ	5,519	8.29	10.34	6,001.20	37.8%	28.4%	9.5%
FCX	1,560	32.17	31.93	343.75	-0.1%	4.3%	-4.4%
HFC	904	36.03	54.30	1,960.20	56.7%	9.8%	46.9%
INTC	1,996	20.99	20.58	2,442.56	3.9%	21.9%	-18.0%
JPM	1,684	35.29	47.60	1,494.26	37.4%	12.8%	24.6%
JQC	3,135	9.18	10.33	3,755.66	25.5%	11.1%	14.4%
KMF	1,873	22.08	31.74	4,453.63	54.5%	24.7%	29.8%
NEM	800	41.18	41.44	-	0.6%	0.0%	0.6%
O	560	19.51	44.90	7,563.81	199.3%	76.0%	123.2%
OIBAX	3,948	4.94	6.53	6,820.74	67.1%	76.8%	-9.7%
PGR	2,118	20.56	24.30	2,596.23	24.2%	10.9%	13.2%
PRE	540	67.58	88.27	1,628.69	35.1%	11.1%	23.9%
PVD	427	65.11	103.50	3,787.87	72.6%	25.1%	47.5%
SAI	4,726	12.83	11.32	1,938.29	-8.6%	6.6%	-15.1%
STO	1,040	23.82	25.11	1,121.00	10.0%	27.5%	-17.6%
Total Open				51,708	20.9%	13.2%	7.7%
Closed					13.1%	9.8%	3.3%
Combined					15.3%	10.8%	4.5%
Annualized IRR Since 12/31/10					16.5%
2013 Gain					5.2%

GA reported earnings (Giant Interactive Announces Fourth Quarter and Fiscal Year 2012 Results and Regular Dividend of US$0.42 Per ADS) last night and announced a 42 cent dividend and a switch (going forward) to semi annual dividends.  I am starting to wish I had bought more.  If they pull back, I may buy for my dividend portfolio, not just MFI.

Also, SLCA had blow out earnings yesterday and shot up about 18%.  I am having seller's remorse.