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NFTRH115 Out Now

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), EEM, FXI, GDX, GDXJ, GLD, GOEX, QQQ, SIL, SLV, SPY
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NFTRH115 bloats up to 21 pages as we prepare to ease up a bit over the next couple weeks and say goodbye to a "funny" 2010, hopefully with somewhere around the current 39% year-to-date speculative portfolio gain.  Here is the Wrap Up segment. 

Wrap Up

First of all, let me once again thank you dear readers for your support and your readership up to this point. 2010 was a funny year that saw a frustrating first half with the NFTRH speculative portfolio constrained within a self-imposed +/- 5% trading range amid ongoing risk management; until the signs came in to drop the conservatism and let the portfolio run.

I would say the strongest bull sign was the collapse of the would-be bottoming pattern in the gold-silver ratio that I stared at for months like a dumb moth. This occurred shortly after the May ‘Flash Crash’ festivities that reset sentiment to overly bearish and sprung the rally on which we still find ourselves.

Thank you for your patience! I would rather wait for the risk to clear than to try to write exciting letters by manufacturing viewpoints. Successful market management is not a flashy thing; it is plodding, sometimes boring thing that takes ongoing discipline and perspective. It is easy to get lost in our viewpoints or to get a little lazy while enjoying other aspects of life. But I will not do that.

Instead, I will sometimes bore you, sometimes titillate you, sometimes scare you and sometimes maybe even screw you up if you take everything written here as if I know what will happen. I do not. We would all do well to consider many rational, intelligent viewpoints. I happen to believe the current financial sphere is more like a children’s tale about a magical world down a rabbit hole than it is like what they may teach about it at the Wharton School or Harvard Business School.

But then again, how would I know? I am not formally trained and maybe I need imagery and metaphor to make sense of things the way they really are. It has worked nicely for the nine years that I have been managing personal portfolios since pulling funds from a financial adviser who seemed ill prepared to deal with the range of cycles we are routinely confronted with.

Risk is high for reversal or crash by definition, because we are at or near so many
parameter limits. Risk is also high to a bearish stance that would stand in the way of the current trends. It is not this letter’s charter to root root root for the home team (in
NFTRH’s case, the precious metals). The charter is to each week illustrate the backdrop and let intelligent people make their decisions based on the content of this letter and other reputable sources out there. Ultimately, your best and final resource is… you!

As noted previously, the next two issues will be abbreviated to bullet points as we enjoy the holidays. I will however, try to fit in some individual stock charts either in these letters or in email updates.

My very best wishes to all NFTRH readers for a wonderful Christmas, Hanukkah,
and all other religious and festive holidays of the season; that includes the all important Festivus! [Blog readers too!]