Moving Back into Gold and Commodities

From a valuation standpoint gold and commodities are now at levels where we believe that they are a buy.  While we believe that later in the overall bear market we will see lower levels ($ 550 gold), that is probably a couple of years down the road. So we are going beyond locking up our long currency position and going to 10 percent long gold and commodity interests this morning.  That will elevate our long leverage ratio to 0.75 in the aggressive portfolio. 

8:19 Am CDT

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