Let's quantify the damage. I have not been looking forward to this. I have not been putting it off, honest. We just returned from a week long vacation to the Grand Canyon, Bryce, and Zion National Parks. It was a great trip. No time spent thinking about commodity market manipulation and governmental internet surveillance.
RG's growth portfolio <Port-faux-lio> lost 4.3% in May and the S&P500 gained 2.0%. CVX was up 0.6% while GG, PSLV, PHYS, and CEF continue to suffer from the precious metals smack down. PSLV was down 8.7% and PHYS and CEF were down about 6.5%. GG lost only 1.6% during May. Gold and Silver finished May down 6.0% at $1,388 and at $22.27 down 8.5%, respectively. It seems that the precious metal mining stocks gained some valuation multiple expansion in May because GG was down only 1.6% while gold was down 6.0%.
Year to date the port-faux-lio is down 9.2% and the S&P 500 is up 14.3%. CVX daily closing price hit an all time high of $126.43 during May. On May 14th the port-faux-lio traded some CVX shares for CDE and SLW. At the end of May this trade saved 1% or $275. CDE and SLW are almost flat to the May 14th acquisition price and CVX is down about 1% since then.