http://www.grandich.com/2011/01/update-27/

U.S. Stock Market – The financial heroin ride from the Fed is attempting to defy gravity. I’ll take gravity thank you.

Gold ($1,347) – It’s been a very long time since I changed my percentages on gold holdings but I’m now boosting the minimum from 10% to 25%. The $1,325 area is major support and total risk IMHO is a test of the 200-Day M.A. around $1,275. With $75 downside risk and $650+ ultimate upside potential, I think it’s time to be aggressive again in physical gold.

The chart above shows how well the mother of all gold bull markets has been while doubling in price with much of the world either hating gold or drawing a line in the sand saying its rise was over. They were all proven wrong and so shall they be again IMHO. My target is $1,500+ for 2011.

The U.S. Dollar is in “nowhere land” and can do anything near term, but longer term the trend remains down.