Category: Uncategorized

All precious metals related assets are doing very well today, as gold has closed strongly above $1800, currently at $1814. There was a chance that $1800 would have turned out to be a formidable resistance. But it looks like gold might close convincingly above $1800 today. For that reason, I would like to make the following two changes.

Firstly, change the stop-losses in my personal portfolio. Some of the stop-losses are as follows (Some selected miners are not mentioned here): GDX stop = $36.7; GDXJ stop = $50; SLV = $16.9; SILJ = $11.8. All of these stop-losses are close to the lows on Tuesday (7 July 2020).

Secondly, take a position in precious metals in the fictitious portfolio 1. This convincing break above $1800 in gold might attract more speculators into precious metals, temporarily driving the optimism and the price even higher. Fictitious portfolio 1 trade: buying 50 GDX at $39; 40 GDXJ at $53.65; 100 SLV at $17.44; 50 SIL at $39.24; 100 SILJ at 12.87. The stop-losses in the fictitious portfolio 1 are same as above, the stop-loss for SIL = $36.8. I will update the fictitious portfolio 1 page immediately.

We are starting a fictitious portfolio, which will track our investments into cryptocurrencies, precious metals, general stocks, energy, and other commodities. Fictitious portfolio trades will resemble my personal trades, however, there will be relative position size differences. For the details of the portfolio, see the link in the menu on the left side.

We will inform the members of any changes to the portfolio with a new post on the home page.