We successfully exited the majority of our equity stakes by March ’22 and have waited patiently for buy signals:
We recently entered $AGQ, $SIL, $SLV and $GDXJ at minor buy levels $27.36, $31.79, $20.19, and $36.99 respectively.
Stakes in the above-mentioned names do not exceed 2% of the fund each.
We continue to maintain a very defensive posture. Capital preservation remains our primary objective.
Cash reserve levels hover at 70%.
$XAU has flashed a minor sector buy signal. $123 represents a major buy level for the index.
We will be placing resting bids in a handful of stocks at calculated crash levels well below current market prices.
As it is a Shemitah year, we do not plan to deploy much of our cash reserves until the dust has settled (if it settles). That being said, 30% of the fund will remain actively traded in accordance with rigid quantitative rules.
Good luck and God Bless.