Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I wanted to increase gold as it was getting toward the lower range of the grading band. The plan was to get more DROOY around $2.70, it did not go there, but RGLD got very near a major support at $18, so I got it. We'll see how successful that is, I don't remember me being with 12% gold for quite some time, but the secular move in the dollar is still down, namely gold could make another attempt at $400 in the near future, where some of this (at least half) gold position will be dumped. I am right now at 62% cash (and if I had no gold that would have been almost 74% quite bearish short term), and that, only because I got some PII here (probably happened just after the close at $74.15, I did not see it that low before the close...).