Collateral Damage…Big Bucks
- Posted by Howard
- on July 15th, 2008
The US dollar is falling to record lows…duh. Gold will continue to outperform…Yep.
These are the areas of collateral damage from our fed decisions.
Until our Fed changes it’s focus, stop only looking at where they are fighting the fire to make money.
No doubt, the financials have been like shooting fish in the barrel for the shortsellers, but if you don’t want to shortsell, the inflationary investments have been pretty dam good. Food – up, Travel and airlines – down, Vegas – down, Gold-up, Dollar – Down.
Policy matters. The government has had the printing presses on for years, now they are trumpeting it proudly on weekends. Your Benjamin Franklins are getting too easy to find and collect.
Disclosure – Long OIH, GLD, PAAS, SLW
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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