Tales of a Commodity Superstar
This is the story of my silverminer CAPS portfolio [http://www.fool.com/investing/general/2009/07/21/tales-of-a-commodity-superstar.aspx], hopefully the first of several occasional installments.
The title, of course, is meant to be funny. silverminer is the opposite of a superstar ... quietly plugging away in the shadows of a contrarian bent while the investing masses seem transfixed with green shoots and recovery hopes.
The portfolio more or less mirrors my real-life portfolio, though I have far less agriculture exposure than I would ideally like to have, and my real precious metals allocation is actually a bind-blowing 85%. Let it never be said that I failed to stand behind my macroeconomic convictions with real money on the table. If the 2008 correction all the way to $750 gold and single-digit silver failed to shake me out of my strategy, I suppose nothing will until the tattered dollar is truly made whole again. At the worst levels, my holdings took a 70% hit on paper, but I sold nothing. Most of those losses have since been regained, and I patiently await the next major upleg in this multi-year precious metals bull market.
I hope you enjoy the article, and that you'll follow along with the progress of my silverminer portfolio over the coming months and years.