Tweet
Re: New plan to make US savings more negative.
If what the company says is correct, I have to think GTU is safer than GLD; its greatest short-coming is that it is exceedinly thinly traded. http://www.gold-trust.com/asset_value.htm that link shows the GTU premium tonight is 12.7%. CEF's http://www.centralfund.com/Nav%20Form.htm is 13.2%. The "ideal method" that I have gleaned over the years is buy closed end funds at a discount, if that occurs, and sell them at a premium. I would like to own more GTU and CEF, but am not buying them because one is paying more than the value of the assets, and that too may account for there being no spurt in GTU today or days as today.
Read Hulbert's note now on MarketWatch about insider buying in the equity markets. It portends a rise, but not likely in the immediate future. Were I 30-ish vs. 67 I would spend most of my mental efforts on my work, and not worry a lot about the markets given the time horizon differences between 30 and 67. On the other hand, if you are up for tolerating a little nausea watch the two videos LargoWinch put up on a Roubini interview (which I surmise took place yesterday) earlier today.
Personally, I think we are in for more deflation, and Roubini thinks that too; six months or so as I recall and 18 months of recession. If that bears out, gold in my opinion will continue to go down and the dollar up against other currencies. I've got ~6% in PM's and shares, and some days I wish I had more and on other days less. I don't think inflation is an intermediate term problem. I don't think the dollar's present up trend is going to be over in days or weeks, more likely months.
Those are my thoughts, no conclusions; shit, I don't even know what I should best be doing, but it should be something other than taking the ass-kicking I am not enjoying right now.
Originally posted by ASH
View Post
Read Hulbert's note now on MarketWatch about insider buying in the equity markets. It portends a rise, but not likely in the immediate future. Were I 30-ish vs. 67 I would spend most of my mental efforts on my work, and not worry a lot about the markets given the time horizon differences between 30 and 67. On the other hand, if you are up for tolerating a little nausea watch the two videos LargoWinch put up on a Roubini interview (which I surmise took place yesterday) earlier today.
Personally, I think we are in for more deflation, and Roubini thinks that too; six months or so as I recall and 18 months of recession. If that bears out, gold in my opinion will continue to go down and the dollar up against other currencies. I've got ~6% in PM's and shares, and some days I wish I had more and on other days less. I don't think inflation is an intermediate term problem. I don't think the dollar's present up trend is going to be over in days or weeks, more likely months.
Those are my thoughts, no conclusions; shit, I don't even know what I should best be doing, but it should be something other than taking the ass-kicking I am not enjoying right now.
)
Comment