RG's growth portfolio <Port-faux-lio> gained 8.0% in July while the S&P500 gained 4.7%. CVX was up 6.4% and GG was up 14.2%. PHYS and PSLV were up about 7% and 1% respectively, consistent with the market prices for gold and silver. SLW was up over 16% during July while silver was up only 1%. With this gain, SLW recovered its losses from June when it lost dramatically more than silver. CDE was up 1% during July.
Year to date the port-faux-lio is down 8.6% and the S&P 500 is up 18.2%. Gold and silver are down 21% and 35% year to date, respectively. SLW and CDE are down 6% and 3% respectively since purchased in mid-April while CVX is up 1.5%. I am going to wait and see if gold can stay above $1,320 for several days and silver breaks above $20.00 before investing any more in the miners. Gold's price drop below $1,300 last Friday has me worried about more loses in the near term.