The Gryning | Portfolio
Position Update:
I am removing the hedge [Short GLD] in the Beta [Long SLV, Short GLD] trade. I continue to expect SLV to outperform GLD, with GLD (chart below) likely to begin providing tail-winds for the SLV & XAGUSD positions.
The profits gained from the Short GLD position will remain within the commodity complex, with HG (copper) & XAUUSD (…