Exclusive Portfolio Update

Time to buy more Gold and Silver!

The portfolio updates are a short weekly report to help you understand the way we are positioned in the markets. All positions that are posted are hold recommendations unless they are new positions. (XOP last week and silver this week are new positions) As we move through the trend I will also update you on where to add to positions or take on new positions in case you missed our entry points. (Gold yesterday had an add signal. ITB had an add signal at the beginning of this year.)

We now own silver, we have owned gold but we got our break out signal to add… finally! This is the Silver/Gold ratio above. We want to see it hold the level here and continue to move higher.

Here is gold closing above ALL major levels. If this week continues to be this strong. I would comfortably say we will see a quick move higher!

Gold seasonality: There are 3 strong periods in the gold market. Now, at the end of July until September and the one I point out every year in December until mid February. I never look at seasonality to understand the magnitude of a move. That will always be unknown. I do look at it to understand the probabilities of a trade.