Gold and Silver Mining ETFs Added

By on August 7, 2020

Gold and SilverCash available in the SMA Portfolio was allocated to the Global X Silver Miners ETF (SIL) and the iShares MSCI Global Gold Miners ETF (RING) today.

David Hunter on Twitter has caught my eye with his bold calls on the stock market and precious metals:

Hunter has been surprisingly accurate with his macro calls so far this year. It will be interesting to see how his ideas pan out.

SIL was purchased at at $48.75 and now represents 4.2% of the SMA Portfolio. RING was purchased at $35.25 and represents 1.2% of the SMA Portfolio.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>