If you compare the price for Royal Bank (RY), Canada’s largest bank, against the price of Barrick Gold (ABX), Canada and the world’s largest gold mining company, over the last two years, I think the result is startling.
abx-vs-ry-2-years1 (Source: Yahoo Finance)
Starting about two years ago, I have as an investor/trader bought and sold alternatively ABX and RY. I sell the one when it’s high and sooner or later the other drops and I buy that. I’ve found that buy and hold, which I do with a part of my portfolio, has been an entirely unsuccessful strategy since I started investing about four years ago (see this article which confirms what I’m saying). However, my alternate buying and selling of RY and ABX has helped me to offset the losses that I’ve incurred in the buy and hold part of the portfolio.
The Associated Press (Yahoo) reports 20 dead from snow storm. Another victim of global warming is a 93 year-old man who froze to death in his apartment in Bay City. In fact, global warming is killing people outside and inside their apartments in Anchorage (my home town), Duluth, Hesse, Greenwich Village, Normal, Val d’Isere, etc.
The March of the Penguins movie showed that emperor penguins must work very hard to lay and incumbate their eggs and feed their young on solid ground, marching hundreds of miles to get food at sea, and still many die because of the extreme cold in Antarctica, and yet global warming is going to cause their race to become extinct. The Washington Post writer Will Durham writes: “Emperor penguins, the species of these aquatic flightless birds featured in the Oscar-winning 2005 documentary ‘March of the Penguins,’ breed on Antarctic sea ice and dive from the sea ice to feed on krill, fish and squid.” I guess Durham has never actually seen the film, since the whole point of the penguin march was that they lay their eggs on solid ground not ice and therefore have to walk hundreds of miles to get food. Let this be a lesson to those who wish to cite a book in a research paper but have never themselves read the book. It is a clear example of journalistic malpractice that we see in the media on an increasingly regular basis.