Great article from Bill Gross explaining why the bear market in bonds (equals rising long term bond rates) should be almost over. It's a bet I have been making through holdings in bond and majority bond mutual funds, so far with neither good or bad results (apart from missing out on stock market gains I could have made. Colonial First State's Conservative Fund has however performed nicely over this period.
Today the gold price touched $600 per ounce in the futures market and a little less in the spot market. The Australian Dollar has been rally ever since I did that transfer to Australia - so good timing for once. On the other hand the stock market has been resilient but the McClellan Oscillator has been pretty weak the last three days.
No comments:
Post a Comment