Project Prophesy July Portfolio Update

Many stocks have corrected since our last portfolio update in early June. The selling has been concentrated in sectors that are most exposed to travel, tourism, and discretionary spending. With a worsening pandemic and high deficits, we expect further upside in gold prices and gold stocks as well as more downside for stocks which have risen far beyond their earnings prospects. For now, Dan reviews all the open positions in the portfolio, including three gold mining stocks that continue to rise in price.

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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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