Well, with yesterday's utter explosion in the precious metals, you would think my holding in TLT, the fund that holds the worthless garbage known as long term US treasuries, would be tanking. Gold and the miners are indicating inflation, are they not? I hold TLT along with a few other 'hedges' on my gold and gold mining positions. But aside from some SLV puts, so far the hedges are holding up well.It is now time to dig into the dynamics of the inflation/deflation dance.
As the $USB drifts up toward the 126 level I may need to sell in this latest successful exercise in going that way when Larry tells me to go this way. I had really hoped to hang around for a few dividend distros, however. We'll let the chart (this one has been updating and was most recently highlighted on Aug. 25) and the macro situation, which is finally getting interesting, decide.
NFTRH just got a lot more fun to write!
