Seeking Alpha

The euro quickly gives up 0.3% on the French downgrade. CAC-40 futures showed the tiniest of...

The euro quickly gives up 0.3% on the French downgrade. CAC-40 futures showed the tiniest of dips, but have returned to about unchanged. Keep an eye on French bond yields to see if they continue tracking the core, rather than the periphery. Ten-year OATS yield 2.07%. The 2-year is at a very Aaa-like 0.11%.
Comments (2)
  • Brian Bobbitt
    , contributor
    Comments (1899) | Send Message
     
    I suppose most of the SA readers and contributors are mostly Americans. So, the Eurodollar problems are for us basically, a non event, although perhaps a precursor to our own currency woes. For me it is an investment in my future and retirement income. I have held DRR and EUO [this go round] since Sept, 10 of this year, after standing aside for a short time after booking about 36% profits on my first [short the E$ trade] I am convinced the E$ is going to drop below 1.20. I am sure, the Eurozone is in deep doo doo, but since they adopted our way of financing their own debt with E$ printing, they were headed for their own 'fiscal cliff'. Seeing the way out was for them to print money, buy their own debt and all they have to do is keep kicking the can down the alley and that works. ( I have not fig'd out for just how long it will work though )
    We are doing the same thing here, and as long as we don't mind fueling an inflation of epic proportions, then fine, go with it. It sure puts off the day of reckoning.
    But I say, the 'Piper will be paid.' Again, just when I can't be sure.
    Because I am still fairly young, and I know by history what happens when you add two and two, I am still fearful of rising prices. In fact, we will probably first though, suffer deflation. Now deflation for a retired gent like me, is fine, falls right into what I need. Lower prices fits in nicely with my now truncated income.
    Muni bonds or muni bond funds? NOT yet, I am investigating the risk there, and will get back to you.
    So, as the US $ rises, gold and silver fall or stays steady. Notice, it is NOT falling. Is now the time to shoot the silver [and gold] bullet? Not sure, but maybe. If you have none, get some. I have invested in Palladium before, did great til the Russians pulled the rug out from under me. Look at your palladium investment ETF's and companies like PALL and PAL, [there are others]. I am beginning to buy Pd coins. Started out with one. A one ounce Russian MS69, coin, and bought it just over spot, so it begins for me. I am certain PM's will continue their inexorable rise much higher over time. Any of you retirees like me, will do well I predict by buying now, a beginning position. If you have some, I have not yet rung the bell for PM's. Much to see before jumping in heavy. PS I already have a huge position with PM's and am in tremendous profits, mainly in numismatics, which I suggest you consider.

     

    I am not a chartist, but charting is a tool and a good one. look at a fairly long term chart for PM's [use gold and or silver], and you will see it is still moving up, although in the short term, as this crazy market sorts itself out, PM's are NOT down, they are still in major uptrends. And as I have been posting, FOLLOW THE TREND, DON'T FIGHT IT. FOLLOW IT TIL IT STOPS. FOLLOW IT WITH TRAILING STOPS.

     

    I am in SLV and SIVR plus a bunch more 'metal' in many ways, even copper coins, {one ounce pure coppers}

     

    Also in NMM, TEU, CIM. and holding all. NOT buying anything now unless I see a real bargain. NOT getting back in to REITs yet either.

     

    Capt. Brian
    The Lost Navigator
    19 Nov 2012, 05:53 PM Reply Like
  • Daveintosa
    , contributor
    Comments (142) | Send Message
     
    Economist Now is the time to go after solid French companies. OCTO for cloud computing, VRAP to get champagne and Zodiac for covering aerospace. GO PACK GO!!!
    19 Nov 2012, 08:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|