lblaine

Calling It Quits on Gold, Platinum - It's Time to Go Financials!

Such a diversity of opinion makes the market! The only defense for investors is to be very diversified, including holding gold, with the majority of ones stock holdings. A small portion of ones holdings can be used to take on high-risk trades like the ultra-shorts.


The recent six-week uptrend has been largely due to (a) the Fed, (b) money looking for a better return than treasuries, (c) the relatively good earnings from multinationals, and (d) wishful thinking that the dollar has bottomed and a new bull market has begun. The market is overbought and will likely trend down in the next few days. So I bought SKF on Friday.