Joey Diekstra @JoeyDiekstra: "𝐌𝐚𝐫𝐤𝐞𝐭 & 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 📈 We’re..."

Netherlands

𝐌𝐚𝐫𝐤𝐞𝐭 & 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 📈 We’re seeing all-time highs across many markets, from the $NSDQ100 and $SPX500 to several commodities. But the most noteworthy, and most relevant to our portfolio, have been $Gold and $Silver. Since breaking out of the consolidation periods I mentioned earlier, both metals have surged to new all-time highs in a remarkably short time. JP Morgan summed it up well: “After taking 12 years to double from $1,000 to $2,000 (2008–2020), #gold doubled again in just 5 years, crossing $4,000 this month. The move from $3,000 to $4,000 took ~200 days — and from $3,300 to $4,300 only ~60.” This rally has been fantastic for our portfolio. As of now, we’ve seen green months only year-to-date. That said, as JPM’s data shows, things have moved very quickly. At some point, it’s wise to take some chips off the table. I’ve started trimming positions as prices climb higher. The recent pullback in precious metals might be an early sign of exhaustion after a long run. 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞📝 In line with that view, I’ve reduced exposure in several holdings, including $GLD (SPDR Gold), $SLV (iShares Silver Trust), $FNV (Franco-Nevada Corp), and $ASML. Most of the proceeds have been moved to cash, bringing our cash position to roughly 20% of the total portfolio. I’ll look to redeploy selectively as new opportunities arise and align with our broader portfolio strategy.

Not investment advice. The author may have financial interests in the mentioned instruments.