CENTRAL FUND of CANADA (CEF)

I want to highlight a company I have bought and sold 12 times over the past 3 years. A business summary will explain what this company does.
Central Fund of Canada Limited, is an investment holding company, it invests in gold and silver bullion primarily in bar form. As of October 31, 2005, the company’s gold holdings were 614,242 fine oz. of physical bullion and 5,349 fine oz. of gold bullion certificates; and silver holdings were 30,728,142 oz. of physical bullion and 245,572 oz. of silver bullion certificates. Central Fund of Canada was founded in 1961 and is headquartered in Calgary, Canada.

I have found this an ideal way to play the gold and silver market without the hassle of taking physical possession of the actual commodity. The stock trades under the symbol CEF. I sold my holdings in CEF today at $9.20 per share. I will be interested again when it trades below $9.00 per share. Below I will list the 12 trades I have made in this company along with the time frame I held and profit or loss.
4 months +22 percent $570 profit
2 months +4 percent $224 profit
1 month +11 percent $369 profit
1 month +21 percent $880 profit
1 week +6.1 percent $263 profit
3 months +4.4 percent $196 profit
3 months +15.4 percent $340 profit
6 months +7 percent $185 profit
2 months +10 percent $257 profit
2 days -6.5 percent $259 loss
1 month +3.4 percent $150 profit
1 month 2 weeks +28 percent $1189 profit

Grand total for 12 trades was a $4364 profit.

I illustrate this to show a strategy you can use on a stock that trades in a fairly predictable range. As you can see from the chart above the longest time I held the stock was 6 months and the shortest 2 days. Most were in the 1 to 2 month time period. I make it a rule to sell if I get down 10 percent to hold losses to a minimum.