Replies to post #1296 on Justa's Dive Bar

[chainik]

Hussman's timing of gold market has been pretty good during the last few years (that's in contrast to his timing of the general market which was as pathetic as it gets). Basically, he suggests to buy the dips.

<In precious metals, the Strategic Total Return Fund continues to have about 10% of assets in these shares. While this market appears overbought in the near term, we've already clipped our exposure enough to allow for some retrenchment, and given the continued favorable Market Climate overall, there is no reason to lighten our position so much that we would have to hope for weakness in order to reestablish a base position. As our position stands, we'll be inclined to increase our exposure on any substantial weakness, but we also don't have any need to “chase” the market in order to obtain exposure, should precious metals move higher from here>