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COMMENT
Market Outlook He considers trade talk issues the "cow bell" that is leading the market in and out of favour. He held a lot of cash in the summer and then on Oct 31 he increased his beta as he saw a buy signal. He now thinks the market is overbought as his "bearometer" is showing big money holding more cash, while retail investors are already all in. He expects near term volatility, but he does not expect any crash over the next few weeks. Market breadth is good so there is lots of reasons to be bullish. As soon as he sees the market making lower highs and lower lows he will be out.
PAST TOP PICK
(A Top Pick Aug 29/19, Up 2%) He still owns this one. He likes the up trend that has been in place since early 2019. They have been finding some good details that is adding value. There does not appear to be a lot of risk at this stage and he thinks it could trade over $90 again soon. A good core position for the time being.
mngmnt
diversified
BUY
He just legged into silver buying bullion. He thinks $16.10 would act as good support. He usually targets three legs to get into the full position, so he is just getting going. Gold broke out above $1350 resistance around mid-year and looked for a pullback once it breached $1500. He sees gold now being constructive again. He is into 2% of his total position that will reach 10% of his portfolio eventually between bullion and producers.
E.T.F.'s
