Gregor Weekly Model Portfolio Update: 10 December 2009

• Gregor Macdonald
• December 10th, 2009

Just about every asset class including gold and silver remains on edge in the wake of the Dubai event, which I marked not as a trigger, but the start of the recognition phase to the problem of sovereign debt. Comically, Greece and Spain–hit hard this week by the ratings agencies–are small problems compared to the US, Japan, and the United Kingdom. But that’s precisely how relativity plays out in the world of rogue finance. There’s no sense in trying to gang up on the majors, when you can take down the juniors first.

Indeed, it will take time and courage before the world is ready to maul the sovereign debt of Japan, the US, and the UK. But perhaps less time, and less courage as we proceed into 2010. The US Dollar Index has still not made it to my target…(this article continues for subscribers through the membership gateway, on the right side of this page)

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More from Gregor Weekly

• Gregor Weekly Model Portfolio Update: 23 September 2009
• Gregor Weekly Model Portfolio Update: 07 October 2009
• Gregor Weekly Model Portfolio Update: 03 December 2009
• Gregor Weekly Model Portfolio Update: 16 December 2009
• Gregor Weekly Model Portfolio Update: 14 October 2009

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