Gold Still Strong

That means stocks have not bottomed and are probably not close.  What I have said recently still holds.  When gold falters, stocks will bottom.  The S&P overnight has backed off to its pivot point and this week we will see better unemployment numbers offset by the world debt overhang.  I do not see a double dip.  A double dip scare does carry a high probability however. 

Essentially we have not made changes to our portfolio’s since we added the last shorts in stocks and commodities last November.  The Gold / Oil roll is the exception.  The Aggressive Portfolio is 200 percent short and the Conservative is 100 percent short.  And just a reminder, this blog tracks a contrarian approach.