JANUARY PORTFOLIO REVIEW

This is a free preview of a paid episode. To hear more, visit www.russell-clark.comThe core trade of GLD/TLT continues to do well, hitting a new high during the month.When I look at the long term graph of this chart, we can see we are still at the foothills of this move.When I look at previous moves in GLD/TLT in the late 1970s, and 2000s, you wanted to be long oil and gas names. That has not been the case this cycle - and I think, during this wild and crazy January, I have worked out why.