Sunday, August 4, 2013

Rik Green's Investors Forum Growth Portfolio up 8% in July

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.

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