Here’s The Very Safest Place to Put Your Money Right Now

Believe it or not, I’m not always a harbinger of doom.

Today I have a recommendation for you that’s nothing but positive.

My suggested portfolio is 10-20% cash (the same amount I allot to gold, so you know I’m a cash fan). Here’s what I suggest you do with yours.

The securities I’m about to discuss are far safer than the bank. (Especially if you have cash in one of these disasters.)

They’re extremely liquid.

And I prefer them to cash because when you hold cash at a bank or a brokerage firm, you can become a general creditor if the firm goes bankrupt. But if you own these securities, you are a creditor of the U.S. Government. That makes them virtually risk-free (at least for now).

They are low return (after all, there is no yield on cash these days), but still better than you’ll get from the bank.

And they’re very, very safe.

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Why I’m Still Short Miners (And You Should Be Too)

Right now, the industrial commodities complex (along with the Dow and the S&P 500) seems to be recovering.

The key word there is “seems.”

BHP Billiton has recovered 33% since January lows, Glencore is up 112%, and GSG and DBC, the broad-based commodity indexes I track, are up about 17% and 13% respectively since then. Iron ore, copper, aluminum, coal and (of course) oil are all riding the crest of this infernal “bear market rally.”

This is unlikely to last.

I’m still bearish on the commodities complex, and with good reason. Today I thought it would be worthwhile to check in on a few of the short mining plays I recommended last year and put their “improved” status into perspective.

Spoiler alert: You’ll want to buy puts on these….

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