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Strategies & Market Trends : The coming US dollar crisis
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To: Giordano Bruno who wrote (7075)5/9/2008 2:47:25 PM
From: Tommaso  Read Replies (2) of 71456
 
I listened to a couple of interviews with Soros today. He does think commodities are in a bubble, but he did not say which commodities, and he also he said he was not shorting any commodities "because I don't want to lose a lot of money."

His reasons for thinking the dollar might be stronger were not explained clearly enough for me to remember what they were.

But he is quite sure that equities are doomed.

I also listened today to Don Coxe's latest piece and as usual am astonished at how many things he manages to keep in mind at once and how lucidly he explains their interrelations. Cox remains strongly convinced of the upward trend in food commodities and recommends ever-heavier weighting. He expects a fairly rapid increase in inflation expectations and expects the agriculture futures to go into contango as serious hedging gets under way. He points to current backwardation as evidence of the absence of inflation hedging. He expects gold to do well and thinks that gold has not yet begun to be acquired in the expectation of serious inflation. He remains very wary of financial stocks, to say the least.

Listening to these two, and reading all sorts of other things today on SI, I cannot see any reason to change my weighting of investible assets that I control, which are approximately: oil/gas 40%; food 20%; gold 15%; bear funds 20%; other including uranium 5%. Coxe suggests reducing energy in favor of food.
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