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.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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