Mostly: Classical

[ItsAllCyclical]

I don't think we'll see the inflation that many are expecting either. Or it'll be muted since it'll only come from what we import. Buffet is making some long term bets w/what he once termed as "weapons of mass destruction". I'm quite convinced he'll be proven wrong.

Of course this could unravel much faster than expected as the downturn came faster. Maybe the currency crisis will too.

Oil will be just as good as a hedge if not better than gold at some pt, but we could still be a few years out.

Pared back some AUY to buy more NGD. More risk management in overall portfolio as I was too overweight AUY. Staying fully invested here though I think tomorrow could be a ST top. Micros in many cases are still not moving even decent quality stuff such as CPQ. Makes me somewhat suspect of this move IT. But ST still think there's more upside. No CPQ here, but do have some KTN (small). Similar deposit, but more cash rich and cheaper overall.