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.


  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, ...?

  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.

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