Slider, got in late tonight and reread your note.
It is uncanny as to how we are on the same wavelength here. Especially energy and golds. I don't like the XOI for example and have so stated, more than once. I don't see how OSX and XNG hold up well if the XOI does not. In a general market crash I don't see the XOI hanging in there. But that does not mean some IT/LT money is not well spent for let us say a little XNG or undervalued OSX here. It will return and when it does it will be huge imo. I currently have a couple of core holdings for example, and unless they turn to total crap I intend to keep and add.
If a person is so inclined for a little LT work I also think specific tech worth watching here. Get ahead of the game. This next downdraft, when not if, will likely result in a very good IT term bottom. Along the way a few IT/LT buys and adds might be worthwhile, especially if one has made a lot of coin in say golds. Personally I have a list of small caps I'm following, but one could say there are a lot of small caps in tech these days. I have no core positions in tech at the moment, I must say. Think it will go down again, heavily.
Just pm'ed iso, some pissprat (bullshit) along with a few comments about gold. I think a few of us at least are of the opinion that a major secular gold bull has more than likely began. However the fireworks really starts when inflation comes back, and it will. If that fireworks starts at say POG 450 or so, as you suggest, look out above, and be ready to buy some puts at the peak.
Sometimes this game is really a lot of fun. |
