The summer is usually a tough time for gold and gold stocks as investors, “Sell in May and Go Away and Don’t Come Back Until Labor Day”.

However here is a summary of our investments and their progress so far.

Agnico Eagle (AEM) we paid $30.88 and it now stands at $43.08, a profit of nearly 40%, which is good to see and especially after Agnico Eagle broke through some key technical resistance at $42.00.

Kinross (KGC) we acquired at $10.08 and this stock now stands at $13.51, a gain of 34%. Kinross went through a bit of a pullback so we signalled to our readers to “Add To Holdings” at those discounted levels of around $11.66. We appear to have made a good call and we will continue to hold this high quality gold stock

Silverado (SLGLF) we bought at $0.08 and it now stands at $0.09 a gain of 12.5%. The green fuel side of the business is continuing to make progress with the construction of their first project, the $29 million coal to oil operating plant. The Nolan Heights project continues to make good progress and we will stay with it in the belief that Gerry Anselmo and his team will loacte the Mother Lode.

Yamana Gold Inc (AUY: NYSE) we paid $9.37 on 27 September 2006, it is now trading at $12.24 for a gain of approximately 30%. Yamana had been making good progress but its recent bid for Meridian Gold has damaged the stock, although it now appears to be making a recovery.

Canarc Resource Corporation (CCM: TSX) we added Canarc to our list although we are still mere observers. The stock has recently dropped from $0.72 to around $0.55. We have no plans to make a purchase as yet.

Staccato Gold Resource Limited (CAT: TSX) this is a speculative buy and we made a purchase on 5th April at $0.62, the stock has dropped but risen over 25% today! So perhaps it is making a comeback.

High River Gold Mines: (HRG: TSX) We bought this at $2.49 and it is now trading at $2.90 so it has gained 20%. We have high hopes for High River and expect it to go a lot further in the coming months, particularly with their mine in Russia coming into production.

You may notice that our portfolio is looking a bit sparse at the moment. The reason for this is a number of our gold stocks have been taken over, such as Bema and Rio Narcea. We are currently looking for fresh exciting companies in the gold market to add to our BUY list.

We welcome any comments that you have and also invite you to tell us about your favourite gold stock and why you think it will do well. Your input will be of benefit to all of our readers so please feel free to give you input.