I’m all US$ now. Got out of my gold miners for a 45% profit after two weeks of owning them. Gotta take that kind of gain when you can in this market. Normally, I would let that sucker ride to the moon, but not now. The cycle indicators still say we’re in a 22 week climb as of touching the November low at ~7400. But this looks to be a pull-back to solidify the gain and form a base. Good chance it will start to climb again in a few days. But it’s skiddish and may retest November. Take profit when you can in this market. IMO.
Also, I have physical gold. 25% of my total portfolio. Sold a bunch at $800. Look at how it’s held up. 20% of it’s high. What asset class can say that right now? Housing down 25% or more, markets down 40%, CRB down 75%. The US$ has risen a lot in the last two months, but look how it was driven into the ground for the last 4 years. When you measure golds rise to $1045 and now at $800, it’s been the real winner out there!! But I think the US$ is gonna surprise everyone with it’s tenacity to climb over the next two years.
