Growth fund guide letter editor and writer Walter Rouleau, indicates that he expects a near term top to the gold stocks. I think that could happen by end of March, or so. Anyway, his viewpoint is that the best time to add, or take a new position in gold funds, would be after a correction. Hard to say when that will happen, but we can wait for the charts to tell us. This guy is not a gold bug at all, and he expects the gold move to last 5 to 10 years. No doubt,if that comes to pass, there will be cyclic bear markets in this sector as well.
He also likes asian markets (minus Japan for now) because he believes that they are way undervalued vis a vis the US market, and he advocates buying funds on dips: e.g. MAPTX and MNEAX, for the long term. However, he suggests waiting on those for a correction, which seems to be happening at this time. He suggests that these asian funds will appreciate a lot more than most US market based funds, but that when the US market is in a down cycle, these asian funds will drop as well, but not as much.
Cheers
Dan |
