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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