BBUS, page-5145

Bert - I don't post here often if at all but I enjoy this thread and its discussions. I'm a bear currently and remain so.
I'm still holding good AU gold stocks for a number of reasons. Despite the impulsive rise of the AUD from its lows to 70c crimping the rise in these stocks it brings into play the individual miners hedging strategies. Often criticised when gold price outstrips them but applauded when it protects their margins and ongoing profitability. I'll reassess at 75c but they are still highly profitable businesses at AUD70c and 2400 gold in AUD.
I've lightened some goldies and taken profits but still hold a small play in BBUS for balance ( or tax loss ).
I've participated in this rally by jumping into things like WAM rather than be exposed to individual stocks - balancing out bull and bear as you need to. I avoided the banks thinking real estate might wobble but hey look at them go !
The US Casino is astounding and the amount of money printed and going into assets other than gold ( mainly stocks and bank balance sheets as remember banks own SuperA businesses ) is designed to hold up the markets and as a by-product stop money flooding into gold as the last resort.
I know they say never bet against the Fed - but I'm not liking this recovery's length or permanence when you look at the fundamentals and company earnings.I don't know what will crack it - but compulsive viewing.
GLTA here in how you play it

G