I know that after four years of bear market at this point everyone has basically given up on gold and left it for dead. But I can say with 100% certainty that every bear market evetually ends, just like every bull market eventually ends.

We are so deep into the bear, and miners, especially junior miners, have been beaten down so far that at this point every intermediate cycle low has to be treated as a potential final low. We have another coming soon. Here are the charts:

So far this year:

Stock portfolio  +24.2%

Metals portfolio +15.6%

Energy portfolio -3.4% 🙁 I’m working on getting this one back in the green and feel good that we will by the end of the year. 

Currencies +2.8% I’m done trading currencies for the forseeable future. The currency wars are heating up again and the markets are too erratic for me. 

Quest portfolio +40% 🙁 I was hoping to have this one much higher but we’ve been forced into trading only the stock market and it’s hard to make big gains fast in stocks as they just don’t produce the big percentage moves like miners and energy.