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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (42775)	4/8/2009 3:17:26 PM
From: Boca_PETE	Read Replies (2) \| Respond to of 42834

Actually I bailed my TBT position at a small loss of under $1M when the Treasury Buy Back program was announced. I'm concerned that program could depress the share price down to near the low in the mod 30's, but I'm watching it like a hawk in anticipating buying back in for a long term position at some point in the short term. Also bailed my GLD position in the mid 90's for a nice short term profit. From my viewpoint, the program recently announced by international banks to sell gold in order to raise cash to aid ailing European nations should keep GLD declining for a while. But at some point I plan to repurchase GLD for the coming worldwide currency inflation. The big variables are when inflation starts to kick in, whether the FED withdraws liquidity in time to stop an uncontrollable inflationary rise, what the impact of FED actions at that point will be, and what actions if any large will Foreign holders of our Treasury Bonds take at that time. Small issues to ponder and factor into decision making on the 70% fixed income portion and 15% Treasury Money Market portions of my investment portfolio, yeh right! If inflation reduces what our dollars buy, fixed income investors sill surely be in for a world of hurt. But I guess our home values will rise resulting in tax free gains when sold if they don't change the tax laws, and, the housing values that collateralize mortgages will stop declining and forcing foreclosures that put downward pressure on house prices. What a mess! As for Geitner's Plan, your viewpoint may be correct. I am no fan of the new elites and the direction they appear to be taking the country. JMHO P