Gavin O'Luanaigh @GEMOLFund: "Dear Fellow Investors, I hope you..."

United Kingdom

Dear Fellow Investors, I hope you are all well and have had a great start to the year. We have continued positively in the face of some tumultuous times and I think we now have sufficient reserves when the correction comes. January Summary January +2.17% 2026 +2.45% 2 Yr Return +60.15% All Time Return +260.76% Risk Level 3 Recent Trades 44 Successful Trades 70.5% Annualised Return 26.73% Dividend Yield 2.02% Total Cash 49.8% All stats are taken from bullaware.com/etoro/GEMOLFund for open and transparent viewing. Selected Top Gainers in January $PBR (Petroleo Brasileiro SA Petrobras-ADR) +29.59% $VALE (Vale SA-ADR) +24.18% $GLEN.L (Glencore Plc) (Glencore Plc) +12.48% $RIO.L (Rio Tinto) (Rio Tinto) (Rio Tinto) +12.10% $PG (Procter & Gamble Co) +12.08% $DGE.L (Diageo) +10.47% $BHP.L (BHP Group Ltd ) (BHP Group Ltd ) +10.30% $BP +9% Worst Losers Paypal -32.61% SEA - 20.80% Novo Nordisk - 17.84% Microsoft - 15.48% Mining Stocks were flying in January and I could see they were getting caught up in the Commodities bubble. We sold them early February making a very good profit and am glad as I think we are having a major correction coming. Oil has also had a bounce as predicted and we have seen good gains in BP, Shell and Occidental with some momentum to push on. This month we will be poised to pick up more stocks as the market falls. I like Silver at USD50 and Gold at USD4000 as they are long term stable and I am bullish long term. I am also prepared to pick up Mag 6 stocks at discounts as and when they fall. In January we also sold our Precious Metal positions which although maybe premature I think it is better early than late and we made some really good profits. I managed to personally pay off my mortgage with the profits from last year, so if you received a big chunk of cash in your cash box it would have been from this. Don't worry I will be topping back up again throughout the year. Regardless I have maintained my 50% cash position so that we can take advantage of what is to come. Currently we are looking to potentially sell a few more of our wins and reposition into stocks that I feel have dropped significantly. $MSFT (Microsoft) has had a big drop and potentially is nearing a buying opportunity. Some Talking points so far this year.... UK FTSE Has continued to rise and break new levels mainly due to Mining and Oil Stocks rising despite the UK government seemingly on the precipice of collapse and a probably more left wing candidate being put in place which really would upset the economy. We were about 60% invested in the FTSE however I have been selling some stocks to increase our cash which I may speed up if I think the chancellor will go soon. Crypto Has continued its spiral down, I will wait for key support levels to dip back in, however at the moment we are in a very risk off environment. I still think we will see money rotating back into Crypto this year and fully expect them to do well. Silver $SILVER experienced a dramatic surge in 2025, but we have seen a major collapse in the last week. Huge drops of 25% and 17% with slight bounces however I think the damage is done for the time being and smart money is moving out. $Gold also I am looking at as long term I am still bullish on this as the banks are heavily buying and fiat currency is devaluing. I am still quite cautious this year keeping 50% cash ready to go back in for stocks I think are at resistance or that look very cheap. Last April saw us really benefit from that and hopefully also this year we can pick up some real bargain priced quality stocks. We have seen defensive stocks like P&G and other FMCG's start to come to the for and money being cycled out of precious metals and mining stocks into these. Commodities are so important in the long run however we have to remember that if there is a major recession or downturn this will affect all stocks. Most importantly don't panic in the months ahead and we are very well placed to benefit from any downturns. I will be looking to come back into the market and dollar cost average down to get the best price. Take Care, Gavin @GEMOLFund