your comments always of interest JOHN... the simple question in my mind is how come the hedging of the US MARKET is so cheap that you can make a profit when the market turns...
i would have thought that the price of hedging over this period of time would have offset your future profits.... like the people you are dealing with are not in their business to loose money.... needn't bother to explain the detail to me, its all above my current level of expertise, and its not an area that aspire to, and especially given my current time frames - I mean I don't even buy green bananas...joke !
I like your thought on bottom feeding on potentially very cheap gold stocks... the predictions from quite a few of the longer term well known crystal ball gazers is that the excess money in the world economies with artificially low interest rates will eventually lead to inflation where the demand for gold may again be in demand.
but got to get past the US current monthly reduction in bond purchases first which are driving the price of gold down.
