I just did this podcast with Dave Skarica of addictedtoprofits.net.
In this podcast Dave and I talked about the current action in European markets, the US stock market, and commodities.
Right now I'm over 70% invested in what are mostly ETF's that focus on Europe and individual stocks there. I also own GLD and GDXJ. So I have some cash reserves and hope to put some new cash in my account soon. I plan on using this money at some point in the next few weeks to invest in mining and energy related issues as I believe they are in the process of completing a stage one base which should end in the next few weeks and lead to a new bull market.
I will keep talking to you about this as we approach that critical breakout. In my view this will be a key buy point this year. CNBC talks about a "Great rotation" from bonds to US stocks, as if investors are just buying stocks with no though. Sector leadership changes throughout a bull market and you can see that former leaders like Apple are no longer doing as well as they were. I believe new leadership is going to emerge in commodity stocks this year. That will BE the PLACE TO BE.
You can also download the mp3 audio file for this interview on your computer by clicking here WITH A RIGHT BUTTON CLICK and selecting SAVE FILE AS from the drop down menu.
If you have an itunes, ipod, or rss reader you can subscribe to the podcast by clicking here.
