A portfolio update.

Silver looking good. Tin less so ...

Time for an update on the companies that make up my mining portfolio.

With all these rumours around Credit Suisse, it is all starting to feel very 2008y, I’m afraid, though I am encouraged by one thing and that is that metals are starting to display relative strength. One hopes, when the cycle turns - and it will eventually (it may even have turned today) - metals will be early and quick out of the gate. 

The reality is that the best investment in 2022 has been cash, ideally US dollars, and the best strategy: risk-averse capital conservation. Everybody is having a hard time of it, except short sellers.

That said silver is up 7.5% today - that is quite something. My silver trade idea of a couple of week’s back is looking good. Remember: it’s silver, so hang around for a good time, not a long time, but it looks like low- to mid-$20s is now on the cards. We are at the first line of resistance now, then it’s $22, then it’s $24. If you’re using leverage, move up your stops.

Turning to the portfolio.