Tactical Update: May 14, 2025 (PREMIUM-UNLOCKED)

*The following premium post was originally issued to TLS subscribers on May 14, 2025.*

More miner additions…

As we continue to wait for better risk/reward opportunities lower to add more aggressively to other equity positions, we are adding a little more to the precious metals complex today into further weakness:

• We added to our position in the silver miners fund, SIL, near ~38.79 (~1.5% exposure now)
• We added to our position in the gold miners fund, GDX, near ~45.28 (~1.5% exposure now)
• We added to our position in the Argentina fund, ARGT, near ~91.79 (~2% exposure now)
• We added to our position in the insurance fund, IAK, near ~132.79 (~2% exposure now)
• We added to our hedge position in the inverse semiconductor fund, SOXS, near ~11.29 (~3% short exposure now, with leverage)
• *UPDATE: We sold our position in the long volatility fund, UVXY, near ~22.00*

That’s all for now. Check back on this post throughout the day for further portfolio moves. And as always, stay tuned to our DSS posts for further developments — they provide the most current updates to our investment portfolio and outlook.

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Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. 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.