A Quickie Note as the Stock Market Finally Wobbles
Stocks wobbled this past week. Frankly, for the most part, not much of anything is going on in various markets. We could point out how yields have spiked after drifting down for a while, but it's not all that eventful. So we'll keep this short and sweet...
...plus we'll be traveling for a funeral this weekend, early next week.
With that, some interesting notes from one of our Brain Trust that might stimulate some thoughts re investments...
- S&P: 12th Best 1st Half in over 100 years. In other cases, 2nd half was not great, mostly terrible
- Gold: Pessimism abounds, but Gold up $100 this year – if you held only Gold, you did reasonably well for 1st Half
- Silver down 5/13%
- GDX up 5.65% - GDXJ flat
- TBF (inverse tsy bond yields) down 4.41% - but yields have risen lately
- UDN (inverse to USD) up 2.48%, despite all talk of USD strength – But suggests not adding other currencies
- Selling Yen holding
- Gold mining royalty cos. Doing well again – RGLD and FNV
- PAAS down 9.59% - But note it’s mining gold now, not just silver
- SIL (Silver miners) down 8.5% - When it gets close to $20, consider buying.
- PSQ (NASDAQ inverse) down 28.192%
- Commodities (DBC) down 7.91%
- Re Long-Term Chart – Gold Triangle formed since 2011 when Gold Bull began correction – Breakouts from triangle go up or down – thinks will go up in strong move
- Premiums on PM coins (gold, silver, etc.) have finally come down to reasonable levels
- Extremely interesting discussion about Switzerland based on book: The Naked Swiss – Much about Switzerland’s attraction/democracy – also addresses negatives re Swiss banking being a haven for crooks (not true) – Much to commend itself re its democracy, giving people a voice in their governing.
Things are overall unclear in markets so recommends sticking to PMs, mining shares, short USD (UDN) and bonds (TBF) – It’s a period where if you’re happy with diverse portfolio, just do nothing
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