AA Update

"Like I always say, kid. Money's only something you need in case you don't die tomorrow."
--Carl Fox (Wall Street)

Brief review of asset allocation as we enter Q4. Here's how things stand ex real estate:

cash  67%
bullion  21%
commodity ETFs  7%
fixed income  3%
short equities  2%

Commodity ETF holdings are currently limited to GLD and SLV. This is essentially 'paper' bullion added to physical stock. Increasingly, my view of the world finds me wanting to swap out of cash and into bullion Currently, the combined 21 + 7 = 28% does not 'feel' like enough. Entering Q4, then, I'll be looking to bump precious metal exposure higher.

Other than that, I hope to continue 'tactical' trading some of the general market ups and downs, particularly around 'trend reversals.' Have had some success employing this approach trading both uptrends (long) and downtrends (short). Nothing crazy in terms of capital at risk, but good fortune here has added a few shekels.

My sense continues to be that there is a big trade to the downside 'out there.' Perhaps some clarity will emerge in order to 'see it' if/when. Or perhaps not...

positions in GLD, SLV, bullion, TLT, SH