As much fun as it is to lament the impending demise of mortals and ADP’s seeming complete inability to count, none of these things will be affecting asset prices, which are going higher.
Avoid the temptation to short in response to certain eccentric personalities shouting for the end of the world – the world is not slated to end until 2013.
Top Picks: AEC, CLP, CCJ, BAS, Silver, USD
3 Responses to Grinding Higher
USD as in US Dollar, or ProShares Ultra SemiConductors.Because if you mean the $ then that contradicts you long silver pick… what gives?
Nah, the two positions counterbalance each other. They both act as a method for leveling out the biggest tail risk I see from the “hyperinflation/spiraling deflation” bipolarism.
Besides, price isn’t just a function of dollar strength. Silver was undervalued below $30 where I started accumulating it (a big chunk of my holdings is a legacy position from around $15).
Besides, there’s no rule that says the dollar and commodities can’t run up together. Lots of the dollar’s strength can come from foreign places blowing up and creating cheap labor incentives.