Thomas Parry Jones
United Kingdom
1mo
Market update Dear investors, Apologies for the late evening post. Last week our portfolio traded lower as we rotated out of tech and into gold, silver, and oil stocks. Oil stocks haven’t rallied yet, and gold and silver actually dropped. As I mentioned in my last post, this is most likely due to investors closing out gold and silver positions to cover losses elsewhere, and also not having the funds available to invest in markets such as oil and gas. This weekend we’ve seen further escalation between Israel and Iran, with Israel taking out a number of energy-related infrastructure targets. There was a headline suggesting Iran would not strike Gulf states, but that was A) rebutted by the IRGC beforehand and B) they have since struck Gulf states following the Israeli attacks. I expect this week to see the market take a further dive as oil rallies above $100/bbl. There are a number of shorter-term solutions that could lower prices, but we should start to see our commodity stocks pick up as the reality of this situation sets in. Thanks, TJ
20 of 51
1 reply
3 replies
2 replies
2 replies
1 reply
null
.