hello haim, on gold, my reckoning of numbers Message 25055717 today showed:
- i am down 4.6% net net f*^$^%$@ net over all
... if i had simply been in cash at start of year, but equally distributed across USD, Euro, CAD, and AUD, I would be down 11% in any case as of today
... oh, but wait, had i been 100% in gold at start of year, i would be ... up by 6% if going by paper trade and up 19% by physical trade
... for 7 years in a roll i have asked self, why am i not 100% in gold?!
on gold, i am told Message 25055618
as to the rest, i think:
(i) bear went down and buried with state funeral, the market rallied for 8 weeks
(ii) fannie and freddie got covered, the market rallied for a week
(iii) lehman and merrill and aig got the big heave ho, the market rallied for a few hours
(iv) 700 billion pumping plan gets passed, and had been preceded by 630 billion fed injection, the market rallied not, but puked
(v) a large slab of usa gets de-facto nationalized, commercial paper gets picked up by uncle sam, and the market puked not, but disembowled itself
suggestion: perhaps we are accelerating to where we wish not to go, and under the circumstances, gold did exceedingly well ytd, and whether it will answer its call of duty remains to be seen, but not to be second-guessed
recommendation: buygold |
