Dollarcollapse.com on their web site had an interesting presentation on May 12, called “Chaos Spreads to US Retailers and Italian Banks.” He discuses the fact that the US government which is really being run and screwed up by the military industrial complex, wall street banks, and career regulators who actually work for the companies they are supposed to be regulating. Since we have borrowed more than we can ever pay off, as has the rest of the world, we will have to have an epic massive currency devaluation. Therefore it does not matter who becomes president – the outsider or the wall street representative. Since he feels chaos is coming, he suggests precious metals, farmland, carefully selected real estate, and possibly energy as investments.
John Burbank, founder of Passport Capital, manages about 4.1B of investments. He was interviewed on Wall Street Week tonight. He has three risks for investments in the rest of the year: 1. The US in entering a recession with a 66% percent probability, 2. China has to recapitalize its banks which have significant non performing loans, 3. Donald Trump will win the election which is feared by foreigners and thus may result in a disruption the markets. He feels dividend paying, consumer staples, and gold stocks offer the best investments now.
Next weekend I will be out of town until later Sunday and will update this as soon as I can. The following day, Monday, is Memorial day and the market is closed.
As I have previously mentioned before John Pugliano in his Wealthsteading podcast on 19Mar emphasized using the S&P500 100 day moveing average. SPY which is an ETF which matches the S&P500 is at 205.49 and the 100 day moving average 199.08. His indicator would say it is time to remain invested.
IBD TBP’s Market Pulse is “Uptrend under pressure” as of 04/21/16. Not a time to buy.
My current investments:
IRA#1 and IRA#2
SGold has a price of 21.89, a sell price of 22.13, a rank of 01, and is a Sell.
IRA#2
Telecom&Utilities has a price of 24.33, a sell price 23.35, a rank of 04, and is a hold. (ETF – PUI current stoploss 24.13)
RealEstatePortfolio has a price of 42.01, a sell price 41.67, a rank of 11, and is a hold. (ETF – REZ current stoploss 62.47)
JapanSmallerCompanies has a price of 14.21, a sell price 13.70, a rank of 17, and is a hold. (ETF – SCJ current stoploss 56.73)
I do not have a clue if SGold is going to go up next week, down, or stay the same. Howevery it has lost enough from its previous weekly close I am selling. I can always invest in it again if it looks like a buy.
My portfolio changes this weekend:
IRA #1 – Sell SGold
IRA #2 – Sell SGold
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 60% invested