I was talking to a friend of mine yesterday and he is working on the strategy of having a 50/50 Gold to U.S dollar portfolio, interesting I thought.
His basic idea on the way he is investing is at present gold and the U.S dollar have an inverse relationship, i.e as one rises the other will drop in price. My point to him was simply that you are in a no loose technical position, you can neither loose or gain in this situation and personally I think its a little crazy!
Well we all have our different trading systems and ideas but I am still a gold bull and will be for some time yet, roll on the gold price for 2011 I say.
I hope that everyone is over the worst of their hangovers from the NYE parties and in the coming days we will see the markets start up strong and find direction for 2011.
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