Well my highly concentrated junior precious metal portfolio took quite a hit today after silver took a 5.8% hit and gold took a 3.6% hit. My portfolio was down 6.82%. Quite a spanking.
Since I've gone to highly concentrated junior mining porfolios (first base metals, lately precious metals), I've had quite a few days where my portfolio tanked more than 5%. This was hardly the worst of those days. Here's a graph of this carnage.
I've got hope for a better day tomorrow. The graph that follows gives the next day results for days where my jr mining portfolio took a 5% or larger hit.
Overall, the next day results average +2.5% and since I switched to precious metals the average, from only four data points, is +2%.
I took quite a hit today, but my portfolio, overall is up 9% year-to-date. That compares favorably to the:
- DJIA at -6%
- S&P 500 at -9%
But does not compare that favorably to:
- Gold at +18%
- Silver at +31%
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