MB,>> platinum, diamonds, gold, energy, titanium, uranium, coal
What do you mean by energy? I may have screwed up, but I sold all my palladium, platinum, diamond, oil and coal stocks. At the moment I am accumulating ASA for exposure, but will jump back into these stocks when they get cheap again.I have been accumulating some off shore gold stocks.
My thoughts are that the wall street pundits will keep their clients in worthless fluff paper certificates as long as they can and I should be able to get good entry points into the hard asset plays I sold within the next 2 or so years.
I agree with your take on the banks and brokers. Right now I have some small put positions here, but will get aggressive later. I think you are right about one last run for the roses, since the CoT's have to cover their short index positions which in my opinion is acting like a mushy floor under the market while they are selling their stock positions.
Happy holidays,
Joan |
