Monday, November 06, 2006

HUI Chart & Commentary


Comments: HUI continues climbing. The uptrendlines are getting steeper and steeper, but it could still run to its target of 345 on this upleg without taking a pause. However, I'm getting a little cautious the higher we go. Would prefer to fully buy back on a pullback than to buy into this strength.

Current Portfolio Allocation: Energy: 34% + Calls; Gold: 19%; Silver: 8%; Short S&P 500: 4%; Cash: 35%.

Last Week's Gain/Loss: +0.78%. A paltry gain considering the action last week, but it still marks the 4th straight week of gains for me so I'll take it. Unfortunately, running into a well-below market pricing of the public offering by VGZ didn't help matters much... Let's see for how many weeks I can stretch my win streak.

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