DF,
I know you have been following Laundry, I still keep an eye on him. His cycle stuff and long range 'T''s suggest an ugly next several yrs. I read a lot of stuff that seems to support his thesis; I also read stuff, just as convincing, that suggests his thesis won't happen. For me.....? I guess I'm betwixt and between. Not sure; however, his long range work on gold has me leaning to a continuation of the gold surge for the balance of this decade. About 2.5 months back I began nibbling on GLD, a couple of hundred shares at a time. The liquidity is great. I now have the position I want (about 14%+ of my IRA at a melded blend price of approx $117 and change). Have read one of Laundry's quotes of a 'guru' who supposedly is good at doing gold and this individual claimed gold was heading for $1650 later this year. Will it happen? Who knows. But I'm in and will hold to see what develops. Good luck in your 2X ETF fund purchase(s)!
HeavyDuty
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