The market is incorrectly interpreting the Fed's post-rate cut statement as hawkish.  This presents an opportunity to take advantage of some opportunities over the summer months, if not sooner.

As we touch an $850/oz. gold price level, we need to begin to nibble in gold positions.  Kinross (KGC [1]), shown below, should bounce off of its 200-day moving average and I am adding it to my recommended portfolio. 

(chart courtesy of stockcharts.com [2]) 

I am also adding 50% to existing positions in AUY [3] and GG [4].  There are no guarantees here, but with gold down almost $25/oz. and gold stocks barely down and rebounding from their lows we are at least beginning to see traders come in to buy. 

I am also adding two dry bulk shipping names which have been in the portfolio in the past.  The Baltic Dry Bulk index has broken through its resistance level and is marching back toward all time highs.  Both DRYS [5] and GNK [6] are also moving higher with the index.