are hot on Gold and PM's now...
They and a few on this board were loading the boat at the lows..
It took ballz to keep buying on the way down..9's 8's 7's 6's and 5's!
This fund never quite took out the all time low, but it was close.
Now the band stretches in the other direction!!
Hi Ed, I am in agreement with what you wrote especially about no bargains out there, except for maybe volatility, and I wont play with that one. I feel/ think that precious metals are still a good hold, and if/ when things start to unravel it should be a good place to be. The question is will the markets continue to be propped up until the elections? It seems a fairly safe bet, but those are the bets that can really bite you in the proverbial #$%$. I am also mostly cash right now, I have some sub 1% CD's but I am able to sleep at night. This is truly uncharted territory. Please keep us in the loop as to your thoughts as they are appreciated (by me, and others I am sure..)
that this fund is a bit diversified..It smoothes out the
rough spots a bit if you were in strict gold miners ie: GDX for example...
DDC is pushing it a bit though...we'll see..
This USED to be 10% of my (SEP) portfolio, now it is 15%..
Because I haven't sold any.. LOL:
I will start to lighten at 17.00
IMHO the run to 20 has just started.
Too much global unrest and gubment fudged numbers that will choke after the election..
Just my mopinoin..do your DD!
Yea man, words to the wise..although I normally do not buy indiv stocks..looking at HSBC paying a big divi and will prob trade below 30 today..My short the S&P 500 (SH) would have paid off big today, but I did not have the ballz to buy it ...
Showing my age, but this market reminds me of The Twilight Zone..
Eerily, my feelings are that the least risk is in PM's...
Still holding and not trimming (Yet)