Gold Silver Blockchain

MARKET OUTLOOK

Blockchain and Gold, plus let’s not forget silver.

The portfolios benefited very well from my BNN February 2020 call that the blockchain network had hit bottom and merited consideration. My growth portfolio, Special Opportunities was rewarded with stellar returns, and while we rebalanced those profits adding Silver and Gold Producers, I will continue to hold a 20% asset allocation in the blockchain sector. The way I see it, the Blockchain Network is already building a decentralized future, and the producers will once again benefit from the global need to reset the monetary system.

Signals of a reset have become loud and clear among Central Bankers, both in the form of cryptic messages about the SDR, Special Drawing Rights, or the fact that they continue to add physical gold to their coffers. For me, a clearest indication that something is afoot, is that the current bearish trend of the US dollar, with DXY now trading below $91.00, from high of $100.00 a year ago. Not a bullish sign, considering the both the FED and the Treasury are ready to print their troubles away, even if it means “a little bit” of inflation, and by default negative rates. Accordingly, I continue to recommend an allocation in gold and silver, the one asset class that has always benefitted from the consequences of monetary and fiscal stimulus.

In the Equity Income portfolio I continue to hold a 20% cash position as well as a 30% weighting to precious metals producers, hedging the extreme levels of these markets but also letting them ride. Markets will rise until they don’t, and until that day comes I will wait with some cash on the sidelines and hedge accordingly.

Here's a link to the entire interview: FULL INTERVIEW.

Below you will find the 'stellar' results for the Special Opportunities Portfolio, audited by Canaccord as of March 31, 2021;

My practice manages three segregated portfolios designed to help our clients with their cash management needs, capital growth, and dividend income generation. Portfolios are tailored to meet each client’s risk return profile based on their individual investment needs and are not suitable for everyone. The Special Opportunities Portfolio is designed as a stand-alone solution for those looking to get participation in the precious metals market, a sector long forgotten by most Investment Advisors. The Equity Income Portfolio is designed for growth and income through a “top down” industry specific approach. The Cash Management Portfolio is designed for short-term money management needs. All portfolios require a minimum investment account size of CAD$300,000.  

This newsletter is solely the work of the author for the private information of clients. Although the author is a registered investment advisor at Canaccord Genuity Corp. (“CG”), this is not an official publication of CG and the author is not a CG analyst. The views (including any recommendations) expressed in this newsletter are those of the author alone and are not necessarily those of CG.

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