Mostly: Classical

[ItsAllCyclical]

Don't beat yourself up too much. Very difficult market overall. I posted this on SI this morn. My current read:

We hit hit 920 POG, but I'm still not interested yet in adding back more. Gen. markets likely a bit higher ST due to oversold nature, but after looks like more downside coming. Gold and gold stocks have been trading more in synch w/gen markets of late and it appears we're in another liquidation cycle. I sold more of my core issues today as well to raise a bit more cash. About 10% gold stocks here as my core. Have some physical as well. Was going to add here, but want to see how gold handles the next 20-30 down. Critical area. I'll likely be adding back some gen market shorts tomorrow if we're higher again. Right now risk/reward is too equal ST.

Biggest problem w/the gold stocks is the earnings are just not there. They might be eventually, but this Q was nothing to get excited about and we had much lower energy prices. Too many secondaries as well. I wonder what a GDX chart would look like over the years if you factored in all the new shares?

GE in crash mode is pretty ominous for almost everything ST.

I like gold as an asset class going forward over the next few years I'm just not in love (yet). I think it's going to take several asset classes to survive the storm.