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Gold/Mining/Energy : Barrick Gold (ABX)

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From: BitterSalt5/15/2013 9:04:10 PM
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Added to ABX and SGGDX (401k) today. Stock market euphoria and gold panic have arrived. People are more comfortable buying stocks after a market has demonstrated upward momentum and euphoria sets in. They also like to jump out of diving planes as panic ensues. I am adding to gold and moving a major part of my portfolio to muni bonds. As I get older I can not tolerate a new generational low in equities. We have had a nice run since 2009. ABX is an equity but it is contrary. SGGDX is 20% physical gold. So, ABX is a long term holding. Gold is my lottery ticket and muni bonds will pay my bills.
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