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Hate to say "I told ya so.......". [View All]

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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-06-08 03:03 PM
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Hate to say "I told ya so.......".
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Edited on Thu Mar-06-08 03:14 PM by utopiansecretagent
But I did:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x31179

I'm surprised gold is holding up as well as it is - they can't seem to push it back under $950. It may happen still (correction), but rest assured the next run will bring us well past $1000 - AS LONG AS THE FED DOES NOT RAISE RATES.

For those who can't afford gold (they do sell fractional ounce American Eagles), silver works just as well - it may even severely outperform gold (percentage-wise) in the end. If I were still buying, I might pick up a little gold/silver at these prices and wait awhile for a correction before buying more - dollar cost average into it. If gold/silver drops significantly, don't fret - it will blow through old highs on it's next run - PROVIDED THE FED DOES NOT RAISE RATES. If you start hearing about them raising rates on the dollar - SELL, BABY, SELL - GO TO CASH. I don't think it will happen for quite awhile - the Fed just said today they need to keep the rates lower for quite some time to come.

Still in the market?

Commodities: gold/oil/agriculture (DBA, DBC, BOO). There are rumors of a coming commodities bubble/crash - don't believe it. Maybe in the fall or next year - still doubtful. Also, index short ETF's like the UltraShorts (SKF, QID, SRS, etc.) by www.proshares.com. Don't forget Bear Market mutual funds like BEARX, GRZZX, or MERKX. When in doubt, GET OUT.

Otherwise, CASH and Short Term (4-week) Treasury Bills via treasurydirect.gov:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=114&topic_id=33386&mesg_id=33386

Don't forget to stock your pantries FULL.

edit: oh, yeah, this is for you HERETIC: I am NOT a financial advisor and the information contained herein is purely my opinion. FWIW. DYODD. ;)
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