Mostly: Classical

[Frank Pembleton]

K...you can tell I've been away for awhile...I hadn't realised that you're now running a broad based hedge fund(?). I normally just hold cash when I'm defensive (with no apparent trend), and short the indices when the trend becomes strong enough to breed confidence. At the moment, my style is to keep it simple, it really boils down to shorting the S&P500, long various mid-cap gold stocks/short the index when bearish, same goes for energy, long certain stocks, short the indices (when bearish). But a long laundry list of stocks from various sectors is ruinous for the type of manager that I am--I find that I can outperform the markets just by playing the markets, no confusion there.

Thoughts on physical gold...

--HUI vs gold chart shows that gold, once again, is outperforming the mining stocks...that said, trading the indices that have gold leverage isn't a bad way to go (x2 funds are great)--hence my fascination with the Betapro group.