Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
