GLD and GDX!

TPP recommended a decently sized position in GLD on 7/11. At the time I was maintaining a public Pivotal Portfolio, and it was for 2 units on top of being 100 long at 10 units, for 120% exposure with leverage. So if you want call this 15-20% is up to you.

Then on 8/23, I wrote a special mid week post on the blog pointing out that GDX had joined GLD above all pivots, and even SLV was starting to perk up.

9 71 GDX D.png

And here's the percentage gain from 8/23 that move on, still 8.5%.