Is the FED buying Treasuries to stimulate the economy, or is the US running out of lenders? The auctions are reported to be over-subscribed, but that could be a scam. Perhaps the big banks are buying with Fed money. Why would anyone want the US dollar if it's going down, and has a low yield.
Yesterday around noon, Cramer admitted that his entire retirement account is invested in gold mining stocks. I believe he is also a closet gold bug. Yesterday was my best paper gain I've ever had, thanks mainly to gold/ silver stocks, mutual funds, and ETFs. I have a low bid in for SIVR, but it's run away from me. GDXJ is hot again and my $3000 loss is now a $4000 gain.
I expected gold/silver to drop today, but it's still climbing. the Canadian, and Aussie dollar are up too. I wish I didn't sell the bulk of my FXA a month ago.
Well, I still see no reason to diversify. Gold and energy have worked now for me for 10 years, and I expect that trend to continue.
