May Portfolio Update

Priorities at smaller oil and gas companies have shifted dramatically from “grow production at all costs” to “live within our means, don’t borrow, and hike stock buybacks and dividends.” The result is energy stocks are likely to keep outperforming most other sectors. Also, investors will recognize that gold is a better store of long-term value than U.S. dollar bank deposits earning below-inflation rates of interest. This will be good for our gold/energy weighted portfolio. For now, Dan gives guidance on all the open positions, including a decrease in one position’s buy limit price.

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Frank DeVechio

Frank is the managing editor for Jim Rickards’ Project Prophesy, Jim Rickards’ Strategic Intelligence, Jim Rickards' Crash Speculator, Jim Rickards’ Unrestricted Clearance, Nomi Prins’ Dark Money Millionaires and Nomi Prins' 25 Cent Trader.

He attended East Carolina University in North Carolina where he studied finance and economics. Frank has also written copy for Paradigm Press...

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