Quick Thoughts On 5 March 2008
My current overweight in gold through StreetTRACKS Gold Shares (GLD), Pan American Silver Corp. (PAAS), and various oil stocks continue to do well. The natural question is, should I bail out while the getting is good?
Although I have no clue as to how much further the commodities will continue to rise, I am happy to continue owning commodity related securities. Because the U.S. economy continues to limp along, I am not excited about most consumer related stocks. And many industrial stocks are suffering because of a drop off in demand. Thus, commodities remain a safe haven as commodities remain in short supply, even during the slowdown in the U.S.
In summary, at present I am content to be overweighted in commodities.
Disclosure: I am long StreetTracks Gold Shares, Pan American Silver stock, and various oil stocks.
The picture above is near the Bow Falls in Banff National Park, Alberta. The Bow Falls are very near The Fairmont Banff Springs. If you click on picture above, you will be taken to my Flickr site.
