Money Never Sleeps Pal...

If you managed to catch my blog when the title was "Greed is Good" then you might realize I was running with a Wall Street (the movie) motif.

Since it's so easy to claim I'm right AFTER the fact, I'm going on a limb and posting my predictions for the next few days.

Well the stock market is a scary place right now, although I am making money it's not for everyone. I would in my humble opinion buy gold and oil and any and all dips. Especially gold although it is a bit expensive for me. Naturally I wouldn't expect you to be buying troy ounces of gold or barrels of oil but here's what you can do.

GLD-thats an ETF (exchange traded fund) it allows you the ability to own a fund with the flexibility of a stock. it should move in tandem with the gold futures market. If you want to bet against the weak dollar you can buy currency baskets such as FXY (yen) FXE (euro) and FXB (british pound). I own FXY and it seems to be the most volatile of the three, before you buy any be sure to read about any economic uncertainty in those regions. The pound seems to be the least stable of them, the Euro gives more gains and the Yen is more volatile.

If you want to trade oil you can also trade oil stocks as well. USO is my pick its another ETF but I would advise strong caution and a hedge against losses. If you don't believe in oil's rise you can also buy DUG. DUG is an ultrashort meaning for every percent gained or lost in oil it will do twice that. Be careful though I once lost 40% on an ultrashort. I would buy DUG after any new daily highs.

I do advise caution on any and all transactions and best of luck don't act just because I say so.