You mean, this?
finance.yahoo.com
The nasdaq is more than twice lower than the peak in 2000,
and the fund that is twice short it... is MUCH lower.
Market-neutral funds may be good, if they are run well.
I have a taste for long-dated OOM puts on the market. You
can risk with just 10% of $$$. If it crashes, VXN will push
the price of these puts into stratosphere. So,
some of my own $$$ is going into JAN 2006 OOM QQQ puts.
But puts do have an expiration, as we all know :(. The other
way is futures shorting, but it's also very risky. The
advantage is... you don't have to borrow shares, and you
don't have to have upticks. You also don't have to take on
excessive risk - you can, in futures, but it's up to you.
I mean, honestly - what's wrong with gold? HUI increased
700% from the bottom. That's almost the same as the move
of SP during entire bull market!
But it's a speculation vehicle... First thing first - if
you want safety, it's gold and silver, or gold and silver
fund (CEF) - holding physical. Also, on Kitco.com, you can
have a pool account to invest in metals directly. This will
provide protection against the dollar slide. And, if you
don't need protection against it, you can keep $$ in
dollars!
I also really love silver and silver stocks. Silver above
ground is running out, and is already close to zero, so
there will soon be no silver in the coffers to satisfy
demand. This means the metal will shoot up, at least
temporarily (look at the historical chart of rhodium, on
kitco.com, to see what I mean). The bull market in silver
itself will outpace gold more than 3:1, I believe. I think
it will really shoot straight up! It is quite possible that
silver will triple this year....
There are only a few pure silver plays. CDE, SSRI, PAAS, HL,
AEM, SIL are some, there are others. These stocks will
behave like internuts, naturally. How long will silver
stay in stratosphere? Probably, not that long, but it could
be good 2-3 years, since it takes time to ramp up
production. Actually, if DEFLATION hits, silver may stay up
there LONGER, because it is mostly a byproduct of base
metal mining. |
