The market held up relatively well. I still think the market has more downside risk than upside potential. There will be lots of rotations going on. My call to take profit on Gold last Friday seems to be right. the gold is down over 20 dollars today. I will be interested in Gold when it trades around 1050.
Fertilizers had a big down day today. The fundamentals in short term is terrible. The long term I am bullish on potash. However, I would not touch POT until it drops below 100 U$.
Sold CHL at 49 today.
Closing Value
Portfolio 1 (U$): 111300
Portfolio 2 (C$): 80940
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