Portfolio Update

 Since previous update:

• Increased BTC to 5%.  Bitcoin has since blasted off.  To me, Bitcoin is always a trade, based on Hedgeye's trend signals.
• Sold Equinox Gold (miner), as GDX went bearish trend in Hedgeye.  This has been my weakest performing gold stock.   Gold itself (GLD) is also no longer bullish trend.  Kept Sandstorm (gold royalty company), which I'll hold through the cycle.  Since gold has gone up for about a year-and-a-half, it may spend a few months/quarters consolidating or correcting.  Like Uranium did.
• Bought EWW.  A trade.
• Bought a couple of Latam banks.
• Sold my holdings in SPUT Uranium, the physical Uranium trust, and replaced it with a basket of YOLO Uranium miners.  Higher beta.  Hopefully these companies will one day be able to mine something.
  

I am 100% invested, and everything I have is going up.  Except oil and Hartalega.  Its 'risk on' as we head into June.  July might be a bad month, I'll probably just hold through it depending on the Hedgeye trend signals.

Longer term, the bigger risk is NOT being invested.

Quick Updates

 I was expecting a slowdown, and for the bear market to continue, but it has not:

• Covered all my shorts yesterday.
• Have gone long bitcoin, as a trade, still adding to it.  It broke out 2 weeks ago.  Lets see how long it continues.
• Bought 5%
  position in Fairfax India (paid link).  India is doing well, with a 5% real growth rate.
• I had some some WMB and KMI during the downturn.  Yesterday bought 3% in a Latam Gas pipeline company.  Its around 1/2 the valuation of WMB, and has more growth potential.  More risk though.

Still 8% cash and looking for stuff to buy.

My timing hasn't been great, I didn't buy the dip.  But thats the cost of missing big bear markets.