Finally, I am back-
What a busy month- Teaching, research, family-
I am almost forgot about blogging…Well…I did-
But now I am back-
It has been a rough few weeks for gold, as it crashed to $1760 and silver also dropped-
My concentrated positions (GOLD, NEM, MUX, HL, AG) all took a hit.
But I bought more and they fell more. And I will continue to hold as gold and silver good upside
with the commodity super cycle and inflation kicking in.
I wanted more exposure to oil and REITs but I used my cash on miners-
I am still about 20%+ cash so I can deploy more money anytime.
However, with a high market on low volume, a correction is likely to come sooner than later-
So I will be holding cash for some time.
I have been investing more on Prosper. The job market is extremely favorable so I expect that
the loans will not default anytime soon. With an 11% return, I can’t complain about Prosper.
So July is here, my expectations? If a correction doesn’t come, I expect more side ways trading.
All the good news is in- I mean what other good news can we have?
China, North Korea, and Iran are all about to explode. And the crime waves and illegal immigration issues
won’t be solved any time soon. Yup, all the good news is in and the bad news is creeping in-
In times like this, Cash is King.
Happy and profitable investing 😀
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18