I am closing Ultra Silver (AGQ) because it's my 3rd oldest holding and it's time to refresh.  It has done little to nothing for months on end other than ping pong in a range as risk is on or off for that day/week/month.   Lately I've added some commodity names which act more or less identical to silver... if risk is off for a meaningful amount of time they will be punted as well, but for now HAL9000 treats them all more or less the same so there is quite a bit of overlap.

If people come to the conclusion that the party in China is over, this whole commodity complex is cooked since there is no growth in the Big 3 (Europe, US, Japan).  Silver has the precious metal aspect to it as well, but even gold is not doing much here.

I am selling the last 0.7% allocation, a position I have not touched much since early June.... it's more or less the exact same spot as it was then.

No position

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