In the weekend flagship note, the 🐿️ had a crack at valuing Anthropic and OpenAI. Check it out via the link below 👇:
Before we get to the portfolio review (brief this week), I want to touch on gold. Last week (‘Waving in the ‘Yella Fella’), we were feeling good enough about the metals to write some cash covered GLD 0.00%↑ puts in BUSHY™’s hedge book. I did not expect the options to decay by almost 50% in a week.
‘Hindsight Capital LLC’ would have obviously strapped on something a bit more aggressive - but I am categorically not complaining. Risk asset markets are in the grip of some wild summer narratives at the moment. Getting my gold weight back to (a much higher) long-term target weight will require a full recovery of the chart.
The more remarkable move last week was of course the gold miners. GDX 0.00%↑ ripped through all of its major moving averages with a 20% ripper for the week - an epic feat of chart repair.
I have had several questions from readers as to when I would be comfortable adding to the ShinyAcorns™ basket from February.
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