Project Prophesy Portfolio June Update
Many investors spent another month ignoring the worst economic and earnings data since 2008. They piled into risky assets on the hope that conditions will be back to normal soon, but they are ignoring the fact that corporate defaults have just begun. We expect further upside in gold prices and gold stocks and difficult conditions for most popular stocks, which are tied to the health of corporate balance sheets. For now, Dan reviews all the open positions in the portfolio, including two positions still recommended as buys.