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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (80161)9/23/2011 1:12:16 PM
From: KyrosL  Read Replies (2) | Respond to of 217764
 
So everybody is bearish and loves gold.

Last couple of days I increased portfolio stocks from 2% to 17%.

Portfolio is now:

Stocks 17% -- AMAT CIM DOW FSC GLW GE MHR MSFT STX SVU T WHR CTEL TEF TOT

Bonds 17% -- Muni CEFs: AFB MFL NEA NXR NZF PIA Pfd stk: GSTPRA

Cash & cash equivalents tips: 58% -- mm funds, CDs, ibonds, TIPS, muni cef pfds, GLDPRB

Gold & Palladium -- 8%

I bought CTEL, the Hong Kong internet provider. Do you have an opinion?

PS. I bought all the gold and palladium in the portfolio between 2001 and 2005 strictly as an insurance policy. In 2005 it was around 4% of the portfolio. It has now grown to 8% because the rest of the portfolio did not grow as fast as gold. Since my current gold/PM allocation is sufficient as insurance, I have no intention to add or subtract from it. It has remained unchanged for the last 6 years.



To: TobagoJack who wrote (80161)9/23/2011 5:16:01 PM
From: 2MAR$1 Recommendation  Read Replies (3) | Respond to of 217764
 
Here's Faber , talking with Fox live from Hong Kong and Fox trotting out Barton Biggs later in 1hr now marcfaberblog.blogspot.com

Some sell off , we were seeing this weekly 20ma being hit this am ...it sure didn't hesitate getting there later today .




To: TobagoJack who wrote (80161)9/24/2011 3:34:11 PM
From: bull_dozer  Respond to of 217764
 
>> One of the popular preso was done by GATA. First time in mainstream conference in HK.

Remarks By Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee
18th CLSA Investors' Forum
Grand Hyatt Hotel, Hong Kong
Wednesday, September 21, 2011

As gold price suppression grows more brazen, maybe Asia will defeat it

The speaker following me, George Clooney, will be able to tell you what it's like to be handsome, talented, rich, and famous. I could tell you what it's like not to be. But instead the conference has asked me to talk about gold, which at least might make you rich, or help you preserve some of whatever you've got.

This opportunity is full of risk, because the gold market long has been manipulated by Western central banks to restrain the gold price. The Western central banks are slowly losing control of the market but they are not giving up easily.

Why do Western central banks manipulate the gold market?

The gold market is manipulated because, despite Federal Reserve Chairman Ben Bernanke's insistence to Congress a few weeks ago that gold is not money, just "tradition," gold is indeed a currency that competes brutally with government-issued currencies and helps determine not only the value of those currencies but also interest rates and the value of government bonds.


zerohedge.com