MQ: I have become quite attached to my appendix...
Like many on this thread I have only become "attached" to gold as an investment quite recently (late '99), thanks to Richard Russell, Ian Gordon and and my healthy skepticism of the tooth (bubble) fairy. Except for a few, most of us on GPM are, I suspect, "Aztecs of Convenience". I have used gold as a safe harbor in a storm, hopefully with some appreciation, which has been the case.
I do not intend to get back into the broad market, or QQQ for that matter, until business investment (tracked through the proxy: Non-defense Capital Goods Excluding Aircraft, available from US Gov't) picks up. So, like my appendix, I will likely be attached to gold for some time. I have also been tracking US CPI vs. the Cleveland Fed's median CPI, which was touted as giving a gold buy signal earlier this year. Interestingly, it also contains a useful gold sell signal which has not yet been triggered. So I am long gold, until not...
Hugh A. |
