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Tuesday, April 18, 2006

I couldn't sleep so I decided to rebalance my meager IRA. My gold mutual fund has doubled and my energy mutual fund is about to double, but my poor treasury fund was going nowhere so I cashed out and sold it it on Monday.

Tonight or rather tomorrow I will be buying shares of:

BHP - BHP Billiton Limited, together with its subsidiaries, engages in mining, drilling, and processing mineral resources. It produces iron ore, copper, nickel metal, manganese, diamonds, silver, titanium, aluminium, and uranium. The company also engages in the exploration, production, and development of oil and natural gas in Australia, the United Kingdom, the United States, Algeria, Trinidad and Tobago, and Pakistan. The company also exports metallurgical coal for the steel industry, and energy coal. In addition, it has exploration interests in the United States, Australia, Trinidad and Tobago, Pakistan, Algeria, Brunei Darussalam, South Africa, Canada, and the Philippines. BHP Billiton Limited was founded in 1885 and is headquartered in Melbourne, Australia.

SSRI - Silver Standard Resources, Inc., an exploration stage company, engages in the acquisition and exploration of silver properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. Its principal mineral properties comprise the Pirquitas Project in the Province of Jujuy, Argentina; and the Pitarrilla Project in Durango State, Mexico. Silver Standard Resources also owns interests in the Bowdens Project in Australia; the Shafter Silver Project in Texas, the United States; and in the San Luis Project in the Ancash Department of Peru. In addition, it holds tertiary mineral property interests in the Diablillos Project in Argentina, the Berenguela Project in Peru, the right to acquire the Veta Colorada Project in Mexico, the Challacollo Project in Chile, a 55% interest in the Maverick Springs Project in northern Nevada, the San Marcial Project in Mexico, the San Agustin Property in Mexico, the Silvertip Property in northern British Columbia, Canada, and the Sunrise Lake Deposit in the Northwest Territories, Canada. Further, the company holds long-term property interests in the Candelaria mine in west central Nevada and the Sulphurets Project in British Columbia, Canada. Silver Standard Resources has strategic alliance with Minco Silver Corporation to pursue silver opportunities in the People’s Republic of China, and an agreement with Esperanza Silver Corporation for the evaluation of mineral prospects in central Peru. The company was incorporated in 1946 as Silver Standard Mines, Limited and changed its name to Silver Standard Mines Limited in 1979. Further, it changed its name to Consolidated Silver Standard Mines Limited in 1984 and to Silver Standard Resources, Inc. in 1990. The company is headquartered in Vancouver, Canada.

BGO - Bema Gold Corporation engages in the mining and production of gold and silver; and the acquisition, exploration, and development of precious metals properties principally in the Russian Federation, South Africa, and Chile. Its principal assets include a 79% interest in the Julietta Mine, a gold and silver underground mine in Russia; a 100% interest in the Petrex underground and open pit gold mines, South Africa; a 50% interest in the Refugio Mine in Chile, a previously producing open pit, heap leach gold mine; a 24% interest in the Aldebaran property in Chile, which includes the Cerro Casale deposit, an development stage gold-copper deposit in Chile; and a 75% interest in the construction stage Kupol gold and silver project in northeast Russia. The company also has indirect interests in the East Pansky platinum-palladium exploration property in Russia; and the Mill Canyon and related gold exploration properties in Nevada. In addition, it has a 70% interest in a gold property at Monument Bay in Manitoba, Canada; the 100% owned Quebrada gold property in Chile; and the 100% owned Yarnell gold property in Arizona. The company was founded in 1988 and is headquartered in Vancouver, Canada.

XMSR - XM Satellite Radio Holdings, Inc. operates as a satellite radio service company primarily in the United States. It provides music, news, talk, information, entertainment, and sports programming for reception by vehicle, home, and portable radios, as well as over the Internet to approximately 6 million subscribers. The company provides XM NavTraffic, a satellite traffic data service that provides real-time traffic information; and XM WX satellite weather service that offers graphical data weather service to the marine and aviation markets. XM Satellite Radio Holdings also offers XM Radio for the automobile industry. In addition, it provides online service, including online music purchase and playlist management capability. As of January 31, 2006, XM Satellite Radio operated approximately 160 channels, including 67 commercial-free music channels; 34 news, talk, and entertainment channels; 39 sports channels; 21 instant traffic and weather channels; and 1 emergency alert channel. The company markets its services through various distribution channels, including automotive manufacturers and dealers, national and regional electronics retailers, car audio dealers, and mass retailers and rental car companies. XM Satellite Radio Holdings was founded in 1992 and is headquartered in Washington, District Of Columbia.

I wanted to buy shares of SU or Suncor, but it was selling at around $88. I should have bought some shares last year when it was trading at $40 something. Oh well! Suncor Energy, Inc. operates as an integrated energy company in Canada. It operates through four segments: Oil Sands, Natural Gas, Energy Marketing and Refining, and Refining and Marketing. The Oil Sands segment offers light sweet crude oil/diesel and light sour crude oil/bitumen. The Natural Gas segment explores, develops, produces, and supplies natural gas, natural gas liquids, and crude oil. The Energy Marketing and Refining segment refines, transports, and markets petroleum and petrochemical products, such as gasoline, jet fuel, diesel, heating fuels, heavy fuel oils, and petrochemicals to industrial, commercial, wholesale, and refining customers. The Refining and Marketing segment refines and markets transportation fuels, including gasoline, jet fuel, diesel, and asphalt. The company was formerly known as Suncor, Inc. Suncor Energy was founded in 1953 and is headquartered in Calgary, Canada.

I have 30% invested in energy stocks which I think is fine for now, and about 40% invested in gold, silver and mining stocks, with the other 30% in some new technologies and pharmaceutical stocks.

Depending on how much money I have left after my trades tomorrow. I will probably pick another silver stock, PAAS. Pan American Silver Corp. engages in the exploration, acquisition, development, and operation of silver mines. It has mining operations in Mexico, Peru, Argentina, and Bolivia; and has non producing silver resources in the United States and Argentina. The company owns and operates the Quiruvilca silver mine, the Huaron silver mine, and the Morococha silver mine in Peru; La Colorada Mine, Mexico; and San Vincente, Bolivia. Its development projects include the Alamo Dorado silver project in Mexico and Manantial Espejo in Argentina. The company’s products include silver rich zinc, lead and copper concentrates, and silver/gold ore. The company, formerly known as Pan American Energy Corporation, was incorporated in 1979 and changed its name to Pan American Silver Corp. in 1995. Pan American Silver is headquartered in Vancouver, Canada.

I will also probably pick up some shares of NG or NovaGold. NovaGold Resources, Inc., through its wholly-owned subsidiaries and joint ventures, engages in the exploration and development of mineral properties in North America. As of November 30, 2005, the company had interests in Donlin Creek gold property, which contained a measured and indicated resource estimated at 14 million ounces of gold, and an additional inferred resource of approximately 14 million ounces of gold in southwestern Alaska; the Galore Creek property that included an indicated resource estimated at approximately 5.9 million ounces of gold, 6.8 billion pounds of copper, and 76 million ounces of silver, as well as an additional inferred resource estimate of 7.8 million ounces of gold, 5.2 billion pounds of copper, and 81 million ounces of silver in northwest British Columbia; the Rock Creek property, which comprised of approximately 100,000 ounces of gold in Nome, Alaska; Ambler project that contained resources of 817,000 ounces of gold, 3.2 billion pounds of copper, 4.2 billion pounds of zinc, and 6.2 million ounces of silver in Alaska; Big Hurrah; and Nome Gold properties in Nome, Alaska. NovaGold Resources also sells sand, gravel, and land. The company was incorporated in 1984 as 1562756 Nova Scotia Limited. It changed its name to NovaCan Mining Resources (l985) Limited in 1985 and to NovaGold Resources, Inc. in 1987. NovaGold Resources is headquartered in Vancouver, Canada.

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