Strategic Update: Gold Fools? (PREMIUM-UNLOCKED)

*The following Premium Post was issued to TLS members on March 4, 2021.*

The gold complex is sliding — where will it stop?

A quick update to yesterday’s post on precious metals. We have now executed the following:

  • Bought back our gold position, GLD, at ~158.60
  • Sold 1/2 of our JDST gold miners short/hedge at ~13.00

Additionally, we have sold/covered 1/2 of our remaining Russell 2000 short/hedge, TWM, near ~16.50. As mentioned in the earlier post, the NDX has near-term risk down to ~12,200 (QQQ ~297.70) which is where we’d look to cover our QID hedge.

That’s all for now. As always, stay tuned to our DSS posts for further developments — they provide the most current updates to our investment portfolio and outlook. We touched on many of these potential moves in today’s DSS.


Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.