Portfolio Changes 5/17/6
reality
Sold most of VGPMX. Price momentum appears broken, interest rates are rising not usually a good sign for gold and gold stocks. Need to wait for clear signs of economic slowdown and lower rates.
Also sold the iShares Australia and added NDX puts.
Expecting to see a bounce anytime but downside momentum is pretty strong.
The Vanguard Precious Metals and Mining (VGPMX) typically invests in the stocks of foreign and U.S.companies principally engaged in the exploration, mining, processing, or distribution of gold and other precious metals.iShares Australia - iShares MSCI Australia Index (EWA)
Nasdaq 100 (NDX) puts
Posted in * Portfolio changes |