Silver is now trading above $101 - an unbelievable increase since 2017 when it was priced around $16. Meanwhile, Intel fell 15% out of the gate on earnings and a reported shortage of chips.
I've been watching SLVR and SILJ (owned by OJ & others). The former is up about 4% (late morning) and the latter about 2% on the day. Some perspective: Prior to today the 1-year return on the above noted mining funds: SLVR +267% / SILJ +259%. Compare that to roughly 4% annual on cash! ISTM those profiting might consider the spike in metals a gift from the CPGT (chief purveyor of global turmoil).
Considering constructing a (smallish position) basket of stocks after cashing out the last one earlier this week. My experience is you need about 10 holdings for decent diversification. That would include some foreign stocks for balance. The last had only 6 which proved not enough. Therein lies the problem with Fidelity's basket option. Works fine for U.S. stocks but won't accept foreign ADRs because they aren't traded fractionally and wouldn't allow the rebalancing feature. OTOH, the basket works very well for ETFs and CEFs both of which trade fractionally at Fidelity. My CEF basket has 10 holdings.
