Having made the decision to invest the full portfolio over 10 trading days, I have had to fight cold feet. With just one more trading day to go tomorrow, I am now 75% invested.

On Friday and today I have topped up a few holdings, buying:

• 3,000 GEMD at 99p
• 500 ANTO at £4.86
• 1500 NORD at $2.95

In addition I have bought:

• 1500 Semafo at C$3.09. West African gold producer, cash generative with AISCs of under US$650/oz, this looks well placed to weather any storms in the god market;
• 41000 Amara Mining at 8.7p. Amara has been bashed by weakness in the god market combined with PFS results somewhat below market expectations, but with resources of over 6Moz and expected AISCs of US$782/oz I believe this project will ultimately be one that is built and at current prices that means the shares offer significant long term value.
• 280 Rio at average of £22.72. I was loathe to have both Rio and BHP in the portfolio but felt the portfolio too heavily weighted towards gold. Looking for non-gold stocks with strong balance sheets and good margins, the list is pretty short so I have added this solid and sensible stock.
• 150 ETFS physical palladium ETF (PHPD). I really like the long term fundamentals of palladium which should also benefit from any switch from diesel to petrol cars in Europe. This ETF holds the physical metal which seems to me a sensible way to play this theme as there are few pure-play producers.
• 425,000 Ferrex Plc at 0.47p. A penny stock but I like both the assets and management so this is a bit of a punt. Got killed on the spread though – may have made more sense to buy this in two tranches even if it meant higher trading costs.