Yes, I agree with what you're saying for the most part. I definitely think the political environment is heading for even more stress in 2011.
I do have a good chunk of gold, so I think we're still going up there (though I'm not expecting a huge move). But, when interest rates rise and/or if the U.S. actually starts moving towards austerity, I will probably reduce my gold position.
From a supply/demand perspective for next year, I think Copper and Coal look pretty tight and will go higher in price. Oil I think goes higher also, though it's a different animal from a supply/demand perspective and less tight in 2011.
But, heading into 2011, I'm not seeing a ton of values and I'm not preparing for a big year. I've got about 95% in stocks, but I'm as defensive in those stocks as I've ever been.
2011 is going to be pivotal in the U.S. as we see what happens with employment, the debt, and oil prices. Going to be a lot of tough decisions to make.
Thanks,
Grant |
