I haven't blogged in a couple of days. I have two separate items today. First is Hulbert on Marketwatch reporting low bullishness among gold timers (link).
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... the average recommended gold market exposure among a subset of the gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). Just a week ago this average stood at 73.7%, one of the highest readings for this index in several years.
Today, in contrast, it stands at just 7.0%. ...
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This is good news for gold bulls. With such a low level of exposure, another steep decline in gold is less likely. So despite today's give back, I remain bullish on gold and am holding my positions (May and Jun short puts and a Jun/Jul call calendar spread).
In a separate article about retirement savings, few are optimistic about having enough money to retire (link2).
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70% of those surveyed said they are not where they need to be in terms of saving for retirement
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With money market funds and CDs at record low yields, few feel comfortable about their nest eggs. When yields were 3% to 5% on the guaranteed instruments, the sentiment was better. It is a difficult environment, because many feel that bonds are headed lower, stocks are overvalued and precious metals are in a bubble. Only a few might hold all three beliefs, but many folks seem to express at least one of these concerns. There is certainly a case to be made for all three.
They are valid concerns. However with "cash" yields so low, it is a difficult course to chart. The game of chasing yields, with high yielding stocks, long term bonds, junk bonds, is loaded with risk. This blog is about my short term trades. I only write about the long term in general terms here. There are other places such as the Vanguard forums where folks can get detailed comments on questions about asset allocation (link3). Though be prepared to reveal a good deal of personal information to get meaningful comments.
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