MIDAS May Portfolio Update

It has been a very rough month for junior gold and silver stocks as Fed tightening began. Even if the Fed hikes rates a few more times, and the measured inflation rate slows, we are still unlikely to see a sustained period of positive real interest rates.
The longer we are in negative real interest rates, the better gold looks as a store of value relative to the U.S. dollar. For now, Dan gives guidance on all the open positions in the portfolio, including moving one position from a buy to a hold.

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Jim Rickards’ Gold Speculator with Dan Amoss

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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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