One of those following gold is Gary Kaltbaum whose nightly radio show can be found at www.garyk.com. He points out that in the economically stressful times of the late 70s, gold went up over several years, fell by 50% in a year or two, and then went up 700%. During these economically stressful times gold has gone up for many years, fallen by 50% over the last year+, and is up about 9% since late June. Perhaps it is time for another 700% gain. Something to watch and the easiest way to watch it is with the ETF GLD.
I have received a couple of emails on the incorrect subject and error in a quote in my weekly emails. True. The errors did not influence any of my investment decisions and I will try to avoid those problems in the future.
The sum of the deviations (997,943,1046) is not up for the last two weeks – not time to invest.
The DJ Wilshire 5000 index is above its 50 day moving average and the average is increasing – time to invest. Both trends are not up – not a time to buy.
My current investments:
SAirTransportation has a price of $51.76, a sell price of $49.17, a relative rank of 13, and is a hold.
SAutomotive has a price of $53.16, a sell price $50.50, a relative rank of 02, and is a hold.
SBrokerage&InvestmentMgnt has a price of $65.73, a sell price $62.44, a relative rank of 10 and is a hold.
SBiotechnology has a price of $168.75, a sell price 160.31, a relative rank of 01 and is hold.
JapanSmallerCompanies has a price of 13.29. a sell price 12.75, a relative rank of 05 and hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes
IRA #1 – 100% invested
IRA #2 – 100% invested