April 27, 2011
Just to get it on record, I agree with this post by Mish. Although it could go much higher prior to a correction, Silver is looking shaky from a risk perspective at this level. It's just come too far too fast. So, for risk purposes, a portfolio that was 25% silver, 25% gold, 50% commodities (DBC), should readjust.
I recommend dropping silver to 10%, with 40% gold, 50% DBC. I also recommend maintaining a hedge via a stock index (I still prefer long dated options). Essentially, nothing has changed, so the basic portfolio concept is intact, but I think it's time to take some risk (and silver profits) off the table.
Oh, and Obama's 'birth certificate' is clearly bogus, not that it makes a damn bit of difference. As things stand, I prefer him to the GOP, as he'll drive things over the cliff faster. Given the stupidity of the electorate, we're going over the cliff either way and I'd just as soon get it over with.
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