sharetrader
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  1. #1
    Advanced Member
    Join Date
    Oct 2001
    Location
    chch, , New Zealand.
    Posts
    2,496

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    Seeing as you recomended me a book the other day i shall return the favour Have you read the Agressive investor by Colin Nicholson? sounds as if you have a fairly similar strategy. Well worth the read

  2. #2
    Senior Member
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    1,086

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    I believe we have been in a secular bear market, in general stocks, for the past six yrs as winner has stated.
    But if you dig a bit deeper you will find that commodities are negitively corellated to general stocks. When general stocks go into long term bear markets (15-20 yrs) commodities go into long term bull markets - Have a look at charts of the CRB index and the DOW from the late 60s to 1981. this pattern has repeated itself over and over for the last 200 yrs.

    Look at a chart of the CRB index since 2001
    Look at a chart of crude oil since 2001
    Look at a gold chart since 2001
    Look at any of the base metal charts since 2001
    Then have a look at a chart of the s&p 500

    Commodities are going up, general stocks are going sideways
    ,
    He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)

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