re: Dry Powder

My portfolio has actually been up the past few days , courtesy of divi aristocrats, short term treasuries, and metals/miners.

I’m bearish on equities until the anticipated pullback completes. Keeping dry powder set aside for this potential opportunity. I almost added more TSM yesterday, but elected to stand firm. This feels a lot like 2000 …. a lot.

I’m bullish on metals/ miners …. the debasement trade is still in the early stages and will continue to produce. Now that the midterms are behind us, diesel prices will plummet globally…. and fuel/diesel is typically the biggest operational expense for miners …. especially junior miners.

Note: margin debt is up 53% in the previous 12 months as of June. Forewarned is forearmed …..

Good fortunes, all.