Tuesday, October 31, 2006 2:01:17 AM
Yes, I noticed that 30Y to 3M chart too...! Amazing movement on that one...
FWIW, I am 32% in US Treasuries (3 months to 1 year) at rates above five percent; and have another 11% in cash and 8% in physical gold/silver. Only 22% in gold stocks and 41% in all common stocks including gold.
Having read Fooled by Randomness a few weeks ago, I got more conservative... plus I do NOT like inverted yield curves.
Yield spread between 30 Year T-Bond and 3-month T-Bill. If the yield ratio turns up and the real rate of interest remains negative, then gold should fly.
FWIW, I am 32% in US Treasuries (3 months to 1 year) at rates above five percent; and have another 11% in cash and 8% in physical gold/silver. Only 22% in gold stocks and 41% in all common stocks including gold.
Having read Fooled by Randomness a few weeks ago, I got more conservative... plus I do NOT like inverted yield curves.
Yield spread between 30 Year T-Bond and 3-month T-Bill. If the yield ratio turns up and the real rate of interest remains negative, then gold should fly.
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