Bigworld, Congratulations on HL and the silver plays. Even with the volatility, the metals seem like the place to be over the next period of years. They may sell off if the China trade war is resolved, but longer term the debt bomb 'timeline to disaster' will only accelerate, so it makes sense to overweight the metals.
Good point about the pension funds. Not only have they been underfunded for years/decades, their returns won't be able to keep up.
Btw, I checked out EVIX, and it sure doesn't look like a great idea due to the price erosion 'contango' phenomenon, similar to the VIX related plays, like VXX. I see that EVIX tracks the volatility of a large cap European stock index, but best to stay away from these volatility vehicles imo. Your timing would have to be perfect and, if wrong, you need to cut losses fast or they will run and run.
EVIX looks like it could be a good long term permanent short candidate, based on the never ending contango. I remember people had that idea years ago when these volatility plays came out, ie to be permanently short them. But I think the problem was there weren't shares available for shorting. Theoretically you could have just set up a permanent arbitrage between the long and short ETFs (be short both) and had guaranteed profits forever, with no risk. Too good to be true though.
>>> EVIX offers exposure to volatility derivatives on the Euro STOXX 50, an index of 50 large-cap Eurozone stocks. The note rolls its exposure daily, such that the weighted average maturity of the underlying futures contracts is always one month away. Volatility futures deliver poor long-term exposure to their underlying indexes, and volatility ETPs have collectively erased vast sums of investor capital over the years. EVIX is not exempt from these concerns—as a short-term product, it should track the VSTOXX somewhat more closely than a mid-term ETP, but it will also be subject to the ferocious contango often found at the near end of the volatility futures curve. As a result, EVIX is only suitable for tactical, short-term positions, and the note’s steep expense ratio is less important than its trading costs. As an ETN, EVIX is an unsecured liability of UBS. <<<
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