Tuesday, May 14, 2013

Growth Portfolio Update: traded oil for silver

This morning I made the following trade in the Growth Port-faux-lio:

Chevron (CVX) has done has very well over the last 6 months.  But, silver has more upside potential that big oil now.  And, if the whole market declines CVX will follow it, while precious metals should be contrarian.  As discussed in a previous post, silver seems to have more upside than gold right now.  Coeur d'Alene Mines (CDE) and Silver Wheaton (SLW) are volatile, levered plays on silver prices.  At this time, I moved only about 6% of the port-faul-lio's assets to silver mining given the risk.

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