There is a simple strategy that is working now: If you drop it on your foot and it hurts- buy it! Don’t believe me – drop a barrel of oil on your foot. Say good-bye to your foot, but if you own a few barrels at $95 each it would soothe the pain. A pound of cooper at $3.40 hurts, but not as much as it did at 4 bucks. A bushel of wheat or corn – hurts. An ounce of gold wouldn’t hurt too badly, but most wouldn’t know where to buy a Gold Eagle anyway. Just in case you haven’t heard one of those will set you back 800 smackers.
With commodities making multi-year and in some cases all-time highs, the cries of bubbles are getting louder and louder. Interestingly, these same pronouncers missed the internet and real estate bubbles. I suggest that you ignore the bubble predictors – buy yourself a pair of steel-toed boots and back up the truck.
For the week, the TTaMG portfolios were a mixed bag:
- Fab 4 -0.5%
- BBO -1.9%
- BRIC 2.2%
- Real Money 2.1%
- TBS 6.2%
- MDs Ag Play 2.4%
Become a Friend of TTaMG and make some $ trading stocks in the hottest sectors in the market.