Thursday, June 30, 2011

2nd Q Performance

2Q has not been kind to me, with my portfolio taking a hit, along with the stock market correction. Notice that I am saying market correction, meaning that although I am increasingly nervous about the markets, I am still bullish. But the time for the bear to arrive is drawing near.

For 2Q, I am down 5% viv-a-vis 1Q. For the year overall, I am still up 40%. My positions are mostly concentrated on gold mining and oil and gas companies. Gold, it normally performs better in the 2H. As for oil, July and Aug could be good months to unload.

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