Weekly Update #6: Nov. 26 2023

Welcome back to the No Rainy-Day portfolio!

WHAT YOU NEED TO KNOW ABOUT MARKETS THIS WEEK

There's no change from the last update. Crypto, equities, and precious metals continue to look good. December has historically been one of the best months of the year. Things can always change, but the set-up is bullish.

There was also a meaningful event in the crypto world: the US government and Binance settled their case. This is definitely very good news for the space.

SUMMARY OF THE MODEL POSITIONING AND PORTFOLIO

Coming to portfolio positions. The model picks have continued to perform nicely since they were published.

We started the portfolio with $10,000 five weeks ago, and the net asset value is up 37%. There has been one new entry in the portfolio: Copper Miners ETF. The portfolio is fully allocated by now.

THE MOST INTERESTING THING WE CAME ACROSS LAST WEEK

As we opened a position in copper, we thought it would be worth sharing some insights on its fundamentals.

Given the low exchange inventories and the bullish supply/demand trends, speculators might soon panic as they did back at the end of 2005. Low inventories, combined with massive short covering, spiked copper prices higher by almost 200% in just six months. The current set-up could be a recurrence of that 2005 price spike as exchange inventories are almost as low as in 2005.

LISTEN OF THE WEEK: TWO TRADITIONAL FINANCE GUYS IN THE CRYPTO WORLD

That’s it from us this week, thanks for reading!

Please feel welcome to share this with friends and colleagues

DISCLAIMER: The No Rainy-Day Portfolio is not registered with any financial regulatory agencies. Content is for research, education, and entertainment purposes and should NOT be considered personalized financial advice.