CLOSED POSITIONS

August 4 – short Gold futures at 1274.4, covered at 1261.8 +28%

August 10 – long Treasury futures at 153’07, closed at 155’04 + 57.7%

August 11 – long TZA at 15.22, closed at 17.72 + 16.4%

August 15 – long Dollar futures at 93.22, closed at 93.66 + 37%

Note that each position represents 10% of total capital risked so if a position returned 25% then it would add 2.5% to the total portfolio: