My call for the next 9 months…
By Daniel at 30 November, 2009, 1:58 pm
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Steer clear of stocks - they may go up if this trend continues, or they may crash - who knows, its manipulated. Fundamentals are terrible, if the gov stop propping up the market theres nothing to hold markets at these levels - would imagine the smart money will be getting out soon, now that the mainstream public are venturing back into the water.
Gold should continue to do well long term, however there maybe blips on the road if there is a sudden stockmarket crash and another flight of safety to the “supposed safe” Dollar. That said, asian central banks are now publically buying gold so the blips may not be too nasty anyway.
Problem with GOLD is with governments that could ban citizens the right to own gold to pump up their worthless currencies. It has been done before, and this Obama/Bernanke government is the one I trust the least. These two do outrageous things to our economy and don’t give a @#$%&! what the people want.
Lastly, some kind of inverse US treasury bond ETF would be good as well IMHO, yields can only go up as supply increases and demand goes down, which will drive prices down.
Commodities in general should do well but I don’t know enough about softs to comment, and energys can be unpredictable when you factor in price increases from dollar devaluation Vs decrease demand from any stockmarket crash. Chuck in the Iran factor and who knows!
Good luck, whatever you choose. These days you only need the elite to change their investment strategy and all theories go to hell…….
- Davies
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