Michael Fitzsimmons

U.S. Dollar Signaling a Changing Tide?

bearfund: i think i should correct a wrong impression i may have left with some readers: when i said:

"First let me say that dollar hedges [MERKX, PSAFX], gold and precious metals (streetTracks Gold ETF (GLD), iShares Silver Trust (SLV), VGPMX), and commodity plays (DB Commodity ETF (DBC)) should not be more than 5-15% of a "normal" investor's portfolio."

i should have pointed out that i don't consider energy and energy services stocks as a straight "commodity play" the same way i DO consider DBC or corn futures or oil futures a straight commodity play. if you are lumping energy and energy services into "commodities", which i suppose could make sense, than the figures i would recommend would be closer to 65-80%. hopefully, those you have read me consisently know i am a firm believer in peak oil, and that i continue to believe that energy and in particular energy service companies are the single best investment choice in the current environment, and will be for years to come - at least until the proverbial shit hits the fan. you'll want to be early on the exit. however, it's too early to sell energy related stocks and mutual funds as there is a bunch of money to be made there over the coming years. and, i dare say, i believe more to be made in energy than in gold or silver or corn futures. also, i disagree with your 20% in treasuries, that's just dead money. safe, but still dead.