gold breaks out, page-57

Tetlom,

Yes, I do have a bit of exposure to gold through a mutual fund but that's it.

The China story's on the wane and gold's gone up for 10 years, nothing goes up forever, the BT Fund I'm in has done well, but not recently, but I'll be leaving the money there because dividends are reinvested and I don't need it.

Govt. debt levels do concern me but there's not much I can do about that except protect myself in case of a sudden and unexpected downturn and to that end I've moved my superannuation from a balanced fund to cash. I take some pretty big punts with my mutual funds but not with my super.

The demand may well be coming from hedge funds but according to the WSJ hedge funds have been making the wrong calls this year and are well behind the S&P500, so much for paying 2/20%.

In the event of a downturn, even if it's just because the market's overheated and people decide to take profits - I don't need it. Rick Santelli was going through the 2000 NASDAQ crash last Wednesday on CNBC, warning that the current market's getting a little hot and sometimes it nice to take some profits and go home.

It might be 'Blue Sky' exposure, but it might be the opposite too.

Cheers