Tuesday, December 8, 2009

My Current Portfolio Positioning

Steve in a comment below asks what my current positioning is as far as the markets. Here it is:


35% cash (T-Bills)

10% long term gold

20% long the Dollar vs other currencies

15% short stock market 

15% short long term bonds

5% short gold

As the stock market continues to weaken, and if there is a flight to "safety", i.e. Treasury securities, I anticipate in Q1 2010 to be adding to my short bond position. I expect that some time in H1 2010 I will have a 25% short position in them(a combination of treasury and corporate debt)

Right now, I anticipate covering my stock market shorts sometime in 1H. I also anticipate adding to my long term gold position, somewhere between $600 to $800 per ounce.

Naturally, everything is subject to change depending on Bernanke money manipulation moves.

3 comments:

  1. Can you elaborate on the long and short gold positions? What exactly do you own for each? Are you talking about options with distant expiration dates, mining stocks, ...?

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  2. I am long gold coins. I am short via a combination of puts on the gold index and short gold futures.

    But, I don't want to go into any further detail since I don't want to make this site an investment advisory site.

    That's a different business, and those following specific trades would have to pay me an awful lot of money to hold their hands during the inevitable short-term trends against what I have identified as the major trend.

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  3. Your portfolio sucks. Mine consists of betting on black and I *always* win.

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