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Investors have been rampaging back into some of the most ravaged issues in recent days. One I’d like to point out is the fund HYG, which is the high-yield corporate bond ETF (in other words, a way to earn 2% interest while seeing 10% of your capital destroyed). Anyway, it’s getting tantalizing close to major resistance. I’m going to wait another day, but it’s worth a blip on your radar screen.
Gold has disappointed me more times than – – than – – well, someone who disappoints me a lot. It’s a real heartbreaker. In spite of that, I’m giving this another whirl by way of mining ETFs, based on what seems to be important support for gold by way of GLD:
On Thursday, I put 100% of my personal portfolio into the biotech fund symbol XBI. Prices were so battered, I paid the same price was someone in 2014. Incredible, isn’t it? Plus, check out the volume in recent months. I know this is bizarre to read this from me, but there you have it. Incidentally, I made a super-cool video for premium members (crazy-important, I believe) that I’ll be releasing within the next 24 hours sometime. I’m trying to pace myself, because as content-drenched as things have been here this week, I’m not sure I want to do any posts this weekend!
