Archive Category: Green Zone Fortunes Updates

Stock markets kicked off the new year with a punch in the gut for tech investors. Tuesday’s sell-off saw shares of mega-cap Magnificent Seven stocks tumble, wiping out more than $235 billion in market capitalization before the closing bell rang. And the selling continued today…

The Red Sea sits between the borders of Africa and the Middle East. At its very widest point, the Red Sea is just over 200 miles wide. But at the southern end, it narrows to just over 20 miles wide before flowing into the Gulf of Aden, and then into the Red Sea. So … why the geography lesson?

Just over a week ago, gold bullion reached a new all-time high of $2,148.78 on December 4. Meanwhile, gold stocks are somehow underperforming. Just this morning, we were stopped out of our position in Franco-Nevada Corp. (NYSE: FNV) after a little over half a year. So … what gives?

2023 will soon be in the books as another outstanding year for Green Zone Fortunes. At the moment, our open portfolio has an average 39% return across all 18 positions, including both winners and losers. For this year’s new positions, we’re currently standing at an open 9% gain. That’s after locking in a 100%+ gain on Genie Energy (NYSE: GNE) by selling half our shares last month.

Weight loss drugs are the other story of 2023. But as I sat around the Thanksgiving table with family last week and noticed that no one seemed to be eating less, I couldn’t help but think about a different health care mega trend…