To start the week my strategy was to buy Gold and Crude Oil, and stand aside from stocks as risk reward is skewed. Gold and Crude have both done fabulous after starting off the week lower. Pay attention as these two markets seem to me to be telling us that whatever “lull” we may appear to be having in the geo political backdrop, there is considerable risk it isn’t going to last. Given the stock markets’ poor risk to reward profile at these levels, the news backdrop may be all that’s needed to see some selling in stocks.  

Subscribers are long through Newmont(gold) and Devon Energy(oil) and we were also long SBUX this week that has done very well. Getting out of SBUX Thursday, but NEM and DVN still look like they are going higher over the summer. 

Thanks,

Joe