December 20 2010                                                               Weekly issue nr 93
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                             Dsi model portfolio ( see "newsletter"): from start (febr 09 2009)  +56.99%    SP500 +43.18%

General market situation: Continuing moderate uptrend of most markets. This probably will continue the next few weeks.We still are positive towards first class stocks, but we will limit our allocation to maximum 50%. We believe this situation to continue untill fourth quarter earnings releases.

China:  Discrete resuming uptrend after last month's correction. Still too early to enter. We still believe in the hughe potential of this market. . Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:   Reunion of EC ministers and the posive decisions they made did'nt bring relieve to the Euro. As well versus Dollar as versus swiss Franc Euro performed poorly. We still are in a very uncertain trend. We strongly believe in diversification. ( Swiss francs)

Base metals: Further rebound of Base metals, mostly supported by COPPER , that reached an all time high. Other base metals only showed a moderate climb. We still prefer to wait. 

Oil:  Prices are heading higher at a moderate pace; we believe this will continue the next months. Limited position can be justified. The upward potential is limited, but the risk at the downside very small.

Gold: Bottom forming around 1360-1370$. If prices would regain momentum  that could be an excellent  entry point for those who don't have gold yet, or for limited extra positions. (DGP Gold double long ETN NYSE).

                                          December 13 2010                                                               Weekly issue nr 92
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                             Dsi model portfolio ( see "newsletter"): from start (febr 09 2009)  +57.06%    SP500 +42.80%

General market situation: Continuing moderate uptrend of most markets. We expect this to continue for a while.We don't expect a real year-end rally. Nevertheless stock markets will present profit opportunities the weeks ahead. We intend to buy some extra positions in quality stocks, when the timing is perfect. Stay tuned. We see 50-60% stock market allocation as a maximum. 

China:  No changes: Continuing consolidation period after last month's correction.We still believe in the hughe potential of this market. We see this reaction as a more or less longer rest period in an upward trend. Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:   Despite all good intentions of the European countries and the ECB, Euro performance  was disappointing. We still are in a very uncertain trend. Wait and see! Anyway we still  strongly believe in diversification,. ( Swiss francs..). 

Base metals: Further rebound of Base metals, mostly supported by COPPER , that reached an all time high. Other base metals only showed a moderate climb. We still prefer to wait. 

Oil:  End of the consolidation period we observed the last couple of months. Oil prices are heading to a higher levell at a moderate pace; As investors we 'd prefer to wait for a small correction. The potential will be rather limited.

Gold: 1400$/OUNCE remains a more difficult barrier to take. Nevertheless We strongly believe this will happen the next few weeks. We see last weeks correction as a good entry point for those who don't have gold yet, or for limited extra positions. (DGP Gold double long ETN NYSE).

                                           December 06 2010                                                               Weekly issue nr 91
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                             Dsi model portfolio ( see "newsletter"): from start (febr 09 2009)  +56.98%    SP500 +40.98%

General market situation: After a period of uncertainty, markets clearly choose the bullish side. We expect this to continue for a while. On the other hand we still see many treaths ;  poor employement reports in the U.S., uncertain monetary situation in many EUROZONE countries...This makes us still a little cautious: the best strategy is ( as always ) to follow the trend and to go bullish. Nevertheless we still remain carefull and don't get fully invested. We prefer diversification in gold and cash.

China:  Continuing consolidation period after last month's correction.We still believe in the hughe potential of this market. We see this reaction as a more or less longer rest period in an upward trend. Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:   The European central bank president  brought relieve last wednesday declaring his intentions to purchase more bonds of the weaker European countries. That boosted the Euro versus Dollar. So far we don't see a trend reversal in favour of Euro yet; this could happen the next few days. Anyway we still believe in diversification,. ( Swiss francs..). 

Base metals: In correlation with stock markets base metals rebounded last week. It is still too early to call it a trend reversal; We still remain at the sideline. 

Oil:  End of the consolidation period we observed the last couple of months. Oil prices are heading to a higher levell at a moderate pace. On the other hand , as investors,we don't see much profit potential .

Gold: We were surprised by the remarkable strength of the yellow metal. It easily passed the 1400$ levell last week . This clearly shows how important Gold still is in any portfolio.We intend to buy extra positions the next few days: stay tuned.

                                              November 29 2010                                                               Weekly issue nr 90
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                             Dsi model portfolio ( see "newsletter"): from start (febr 09 2009)  +55.74%    SP500 +36.91%

General market situation:  The best way to describe the actual market situation is " undecided". On one hand we hear rather good news from several companys, on the other hand we observe many treaths: The uncertain situation of Ireland, possibly Portugal and Spain. Chinese credit restrictions, and escalating tensions between North and South korea. The best strategy as investor is to stay at the sideline untill a clear trend becomes visible. At least that's OUR opinion. In the worst case we miss profits , but thats the price we like to pay for more safety. 

China:  We observe a consolidation period after last month's correction.We still believe in the hughe potential of this market. We see this reaction as a more or less longer rest period in an upward trend. Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:  The situation in Ireland and some other Eurozone countries further weakend the Euro. It's still too early to call it an imedium term trend reversal to the dollar, but we expect it to happen the next few days. On the other hand If a good deal is made for Ireland this sunday or monday the situation could change in favour of Euro.Wait and see. Anyway we still believe in diversification,. ( Swiss francs..). 

Base metals:  Base metal prices are in a medium term downtrend for now, and obviously long positions are to be avoided. We believe this situation will continue at least for a couple of weeks. 

Oil:  Consolidation at actual levells. So far we don't see this as a trend change. We believe in moderately higherprices, once this consolidation will be over. On the other hand , as investors,we don't see much profit potential .

Gold:  For now we see a consolidation after last weeks correction.This could continue for a while. On the other hand we don't see a reason to sell. We even consider to buy extra positions when timing is o.k. This uncertain situation can only favourise gold prices. We are watching   the situation closely..

                                           November 22 2010                                                               Weekly issue nr 89
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                         Dsi model portfolio: from start (febr 09 2009)  +55.41%    SP500 +38.14%
General market condition: Despite thurdays vigourous rebound, markets still are in a very undecided trend. Is this oversold situation a buying opportunity, or will next days technical reaction present a good selling moment? Difficult to predict. We bet on the second scenario, and prefer to stay a bit more at the sideline. Even if we might miss some profits, we are willingly to pay that price for more safety. Once markets have a more decided trend, be it upward or downward, we still can re-enter 

China:  More serious correction of chinese values after lthursdays 11/11 interest rise. We expect this correction to last a little longer and don't buy anymore;The more seen the poor rebound out of this oversold situation. Nevertheless we still believe in the hughe potential of this market. We see this reaction as a more or less longer rest period in an upward trend. Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:  Limited strengthening of Euro last week with intact medium term uptrend .  As Eurozone investors we still prefer to avoid the dollar for now. On the other hand many European countries  are in a very uncertain position. Therefore we  believe in diversification. (Swiss francs...).

Base metals:  Base metal prices arein a medium term downtrend for now, and obviously long positions are to be avoided. wWe believe this situation will continue at least for a couple of weeks. 

Oil:  In correlation with base metals and stock markets, oil price corrected further. So far we don't see this as a trend change. We believe in moderately higherprices, once this  correction will be over. On the other hand , as investors,we don't see much profit potential .

Gold:  For now we see a consolidation after last weeks correction.This could continue for a while. On the other hand we don't see a reason to sell. We even consider to buy extra positions when timing is o.k. We are watching closely  the situation.

                                                 November 15 2010                                                               Weekly issue nr 88
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                                Dsi model portfolio: from start (febr 09 2009)  +56.66%    SP500 +38.04%

General market condition: After the euphoric reaction to the injection of billions in the economy, markets came back to earth; Worries about Ireland, a possible currency conflict and a rise in chinese interest rates caused a more or less serious correction.Do we have to see this as the start of a further decline, or rather as a buying opportunity? Next few weeks will give us the answer; we are watching closely the situation to react appropriately. stay tuned .

China:  More serious correction of chinese values after last thursdays interest rise. We expect this correction to last a little longer and don't buy anymore; Nevertheless we still believe in the hughe potential of this market. We see this reaction as a more or less longer rest period in an upward trend. Later on when timing is o.k. again we probably will re-enter.

Dollar versus Euro:  Despite last weeks strengthening of the dollar, the medium term uptrend from the euro still remains intact.  As Eurozone investors we still prefer to avoid the dollar for now. On the other hand many European countries are in a very uncertain position. Therefore we  believe in diversification. (Swiss francs...).

Base metals:  China's raising interest rates , combined with profit taking,caused a more serious pullback of most base metals . We believe this will continue for a while , and are going to sell our DBB position next monday.

Oil:  In correlation with base metals and stock markets, oil price corrected a little. So far we don't see this as a trend change. We believe in moderately higherprices, once this ( small) correction will be over. On the other hand , as investors,we don't see much profit potential .

Gold:  In correlation with the general market sentiment, gold price corrected a little more seriously. We see this only as a temporary correction and keep our position. ( DGP - NYSE-). Once prices are stabilising again we even consider to buy an extra position.

                                            November 08 2010                                                               Weekly issue nr 87
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                                Dsi model portfolio: from start (febr 09 2009)  +57.5%    SP500 +41.11%

.General market situation:  After a couple of quiet days, markets were boosted by the decision to inject massive amounts of money in the economy . ( read: print extra dollars.) How efficient that will be is the question. Anyway it probably will boost the markets for a more or less longer period. Thursday the reaction was ( a little too much) euphoric. Wall street opened with a serious gap up, to consolidate a little on friday. We believe markets to continue this climb, be it after a short consolidation period. We likely are going to buy limited extra positions the next few days.     

China:  Another strong week of chinese values. We believe this trend to continue for a while and stongly consider to add extra positions to our portfolio.  ( f.i. FXI - i shares china 25 index fund -NYSE-).

Dollar versus Euro:  Still Intact uptrend from Euro towards Dollar. We believe this trend will continue. We see last weeks correction only as a temporary rest . and believe EURO will climb further on.  As Eurozone investors we still prefer to avoid the dollar for now. On the other hand many European countries still are in a very uncertain position. Therefore we still believe in diversification. (Swiss francs...).

Base metals:  The massive injection of dollars in the economy is probably going to boost base metal prices. We are positive towards limited positions in base metals. ( f.i. DBB - powershares db base metals - NYSE-).

Oil:  Last week oil prices gave a first sign of a renewed climb. We believe this climb will continue for a while. On the other hand we don't believe in a real rally. To our opinion LIMITED positions in oil can be justified. ( For example OIL - crude oil total return index - NYSE-).

Gold:  Driven by the announced measures gold price rallied in stead of consolidating. We believe in ( much) higher prices. We believe gold to be a must in any portfolio and are going to buy an extra position the days ahead, stay tuned.. ( We bought DGP- gold double long -NYSE-).

                                              November 01 2010                                                               Weekly issue nr 86
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                                Dsi model portfolio: from start (febr 09 2009)  +55.77%    SP500 +36.21%

General market situation:   Markets are consolidating at actual levells, with an intact medium term uptrend. Things being as they are for now, we don't see much potential the first weeks.On the other hand we don't see a reason to sell quality values.We only would buy after a ( limited?) correction.

China:  After it's break trough the 3400 points line CSI300 corrected a little; a normal reaction after last weeks steep climb. We see this a a good opportunity to buy ( limited) positions. ( f.i. FXI - i shares china 25 index fund -NYSE-).

Dollar versus Euro:  Intact uptrend from Euro towards Dollar. We believe this trend will continue. We see last weeks correction only as a temporary rest . and believe EURO will climb further on.  As Eurozone investors we prefer to avoid the dollar for now. On the other hand many European countries still are in a very uncertain position. Therefore we still believe in diversification. (Swiss francs...).

Base metals:  We don't see last weeks profit taking as a trend reversal, but we don't buy anymore. We keep our position and watch closely price evolution.. ( f.i. DBB - powershares db base metals - NYSE-).

Oil:  Last week oil prices corrected a little as expected. We watch prices closely, and in case this correction would bottom out at actual levells, then start climbing again, we consider buying. So far we still are waiting and observing.

Gold:  Strong rebound of gold; we don't expect a rush right away, but rather a more or less longer consolidation at actual levells. In a longer term we believe in higher prices..We believe gold to be a must in any portfolio. ( We bought DGP- gold double long -NYSE-).

                                          October 25 2010                                                               Weekly issue nr 85
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                                Dsi model portfolio: from start (febr 09 2009)  +54.6%    SP500 +36.2%

General market situation:   Continuing uptrend , be it with less momentum. This in combination with an increased volatility seems to make the situation more uncertain. We expect a correction ( be it a limited one), or at least a consolidation period. Anyway we don't buy anymore the first weeks. We still keep our existing positions.

China:  As we forecasted a couple of weeks ago chinese values skyrocketed last weeks, CSI300 reaching the 3400points . At this levell we expect a more or less short consolidation period.We believe Chinese values still can be bought. ( f.i. FXI - i shares china 25 index fund -NYSE-).

Dollar versus Euro:  Intact uptrend from Euro towards Dollar. We believe this trend will continue. We see last weeks correction only as a temporary rest . and believe EURO will climb further on.  As Eurozone investors we prefer to avoid the dollar for now. On the other hand many European countries still are in a very uncertain position. Therefore we still believe in diversification. (Swiss francs...).

Base metals:  Continuing climb of most base metals. We are positive towards limited base metal positions. ( f.i. DBB - powershares db base metals - NYSE-).

Oil:  Last week oil prices corrected a little as expected. We watch prices closely, and in case this correction would bottom out at actual levells, then start climbing again, we consider buying. So far we still are waiting and observing.

Gold:  We consider last weeks price correction as profit taking; not as a fundamental trend reversal.. We believe in higher prices the next  months, and consider this correction as a buying opportunity.( We bought DGP- Gold double long-NYSE- in our portfolio. .We believe gold to be a must in any portfolio.

                                                 October 18 2010                                                               Weekly issue nr 84
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                                Dsi model portfolio: from start (febr 09 2009)  +52.35%    SP500 +35.39%

General market situation:  Continuing uptrend of all markets, with an outstanding performance of NASDAQ last friday, driven by exceptional results of GOOGLE. On the other hand some other results were a little disapointing.Considering last months steep climb , and the uncertainty of the upcoming earnings releases, we prefer to wait for a ( limited) correction, before buying.In a medium term we still expect prices to rise.

China:  As we expected last week CSI 300 climbed vigourously after it's breaktrough the 3000 point line. We believe Chinese values still can be bought. ( f.i. FXI - i shares china 25 index fund -NYSE-).

Dollar versus Euro:  Intact uptrend from Euro towards Dollar. We believe this trend will continue. Nevertheless we expect a small correction the next few days .. As Eurozone investors we prefer to avoid the dollar for now. On the other hand many European countries still are in a very uncertain position. Therefore we still believe in diversification. (Swiss francs...).

Base metals:  Continuing climb of most base metals. We are positive towards limited base metal positions. ( f.i. DBB - powershares db base metals - NYSE-).

Oil: Strong climb of prices last weeks. We prefer to wait for a pullback before entering. Much will depend how important this pullback will be; wait and see; so far we still stay at the sideline.

Gold: No signs of weakness, or more serious profit taking. We believe in higher prices the next  months, and intend to re-enter the next few days.We believe gold to be a must in any portfolio.

                                                  October 11 2010                                                               Weekly issue nr 83
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    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way. Please read our disclaimer  
                                Dsi model portfolio: from start (febr 09 2009)  +51.25%    SP500 +31.12%     nasdaq + 50.89% 

General market situation:  Very undecided week ending almost unchanged. The uptrend clearly lost momentum. No real profit taking, but most investors have a more cautious attitude with  earnings releases coming on the days ahead. There are no reasons to sell altough we prefer to take profit in those values who had a steep climb, and are going to release their tirth quarter results. All good news is already incalculated, while, even slightly disappointing earnings could trigger more serious profit taking. So far we don't buy anymore,; we still believe in a continuing uptrend, but prefer to wait untill the earnings season is over.

China:  CSI300 had a vigourous breaktrough the 3000 points line: Both technically and fundamentally chinese value are giving a BUY SIGN. We intend to buy the next few days . (f.i.  FXI ishares china 25 index fund - NYSE-).

Dollar versus Euro:  Intact uptrend from Euro towards Dollar. We believe this trend will continue, at least the first weeks. As Eurozone investors we preferr to avoid the dollar for now. On the other hand many European countries still are in a very uncertain position. Therefore we still believe in diversification. (Swiss francs...).

Base metals:  Continuing climb of most base metals. We are positive towards limited base metal positions. ( f.i. DBB - powershares db base metals - NYSE-).

Oil: Strong climb of prices last week. We prefer to wait for a pullback before entering. Much will depend how important this pullback will be; wait and see; so far we still stay at the sideline.

Gold: First signs of profit taking around 1300-1350$/ounce. We only see this as a very temporary phenomenon, and believe in a further strong climb of the yellow metal. We decided to take profit, with the clear intention to re-enter the next few weeks. We believe gold being a must in any portfolio.

September 24 2010                                                                 Weekly issue nr 81  Dsi model portfolio: from start (febr 09 2009) +50.10%    SP500 +29.48%    nasdaq + 46.19%  (see full newsletter-link below-)                     This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way                                                  This week exceptionaly newsletter on Friday September 24 General market situation: As we expected some limited profit taking happened last days; we expect this to continue the days ahead. So far we still believe in a continuing medium term uptrend. We prefer to wait before buying new positions. So far we keep our existing positions, but remain carefull, seen the still uncertain financial situation of some Eurozone countries. ( Ireland, Greece...).  China: Further consolidation at actual levells, ( CSI 300 between 2800 and 3000). We believe this to continue, with a possible rebound after last weeks profit taking. We don't buy yet . Dollar versus Euro:  Weakening dollar rather than strengthening Euro. We still remain very cautious towards euro despite a beginning medium term uptrend against Dollar. .We don't buy dollars ,but strongly believe in a diversification ( f.i. Swiss francs ..), seen the still uncertain position of many Eurozone countries. Base metals:  Clear climb of most base metals. We are moderately positive towards base metal positions. ( f.i. DBB - powershares db base metals - NYSE-). Oil:  Consolidating at actual levells, even weakening a little.. We don't see any potential for now , and stay at the sideline. Gold: Another strong performance of gold last week ,despite well performing stock markets, and an increasing risk appetite of investors. Increasing gold prices are caused by several reasons, and this is likely going to continue for a while. Possible increasing monetary problems in the Eurozone only will amplifie this climb. We believe gold to be a must in any portfolio.

                                          September 20 2010                                                                 Weekly issue nr 80 
Dsi model portfolio: from start (febr 09 2009) +47.30%    SP500 +29.57%    nasdaq + 45.47%  (see full newsletter-link below-) 
                   This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: Very good week for almost all stock markets.We are getting slightly into an overbought situation. So far we still believe in a continuing medium term uptrend. Nevertheless we don't exclude some profit taking the days ahead. We prefer to wait before buying new positions. So far we keep our existing positions, but remain carefull, seen the still uncertain financial situation of some Eurozone countries. ( Ireland, Greece...). 

China: Further consolidation at actual levells, ( CSI 300 between 2800 and 3000). We believe this to continue, with a possible rebound after last weeks profit taking. We don't buy yet .

Dollar versus Euro:  Very uncertain trend; We still are very cautious towards euro. .We don't buy extra dollar positions but nevertheless strongly believe in a diversification ( f.i. Swiss francs ..), seen the still uncertain position of many Eurozone countries.

Base metals: We expect a resumed climb of almost all base metals the days ahead.We consider buying postions , but we still are waiting for a better timing.

Oil:  Further consolidation around actual levells for a longer period. We don't see any potential for now , and stay at the sideline.

Gold: Strong performance of gold last week ,despite well performing stock markets, and an increasing risk appetite of investors. Increasing gold prices are caused by several reasons, and is likely going to continue for a while. Possible increasing monetary problems in the Eurozone only will amplifie this climb. We believe gold to be a must in any portfolio.

                                          September 13 2010                                                                 Weekly issue nr 79 
Dsi model portfolio: from start (febr 09 2009) +45.90%    SP500 +27.72%    nasdaq + 40.87% (see full newsletter-link below-) 
                   This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation:  Continuing climb of most values. We still believe this to continue the weeks ahead, be it with some volatility / profit taking. Limited  positions in good performing quality values remain a reponsible strategy. We remain cautious , and stay partially invested in cash. ( and gold - see below-) . Untill thirth quarter's earnings release we don't see much unexpected news to spoil the situation.

China: Further consolidation at actual levells, after it's climb started in july. Altough both technical pattern , and  fundamentals look better than for  U.S. markets, we don't buy yet.

Dollar versus Euro:  Very uncertain trend; We still are very cautious towards euro. .We don't buy extra dollar positions but nevertheless strongly believe in a diversification ( f.i. Swiss francs ..), seen the still uncertain position of many Eurozone countries.

Base metals:  Consolidation at actual levells, probably resuming the existing medium term uptrend. On the other hand we don't see enough potential to justifie new positions. We prefer stocks and gold.

Oil:  Very few changes in oil-prices. We expect them to remain around actual levells for a longer period. We don't see any potential for now , and stay at the sideline.

Gold: Limited correction of gold price, probably continuing the next few days. We see this as profit taking and expect higher prices later on. We believe gold is a must in any portfolio. We see this price correction as an excellent opportunity to take positions. ( last friday we bought DGP - Gold double long etf - NYSE-)- read full newsletter- link below-..

                                          September 6 2010                                                                 Weekly issue nr 78 
Dsi model portfolio: from start (febr 09 2009) +45.80%    SP500 +27.15%    nasdaq + 40.33% (see full newsletter-link below-) 
                   This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation:  The rebound we expected happened last wednesday with vigourously climbing prices. The diminishing fear for a double dip in combination with a very oversold market situation attracted buyers. We believe this upward movement to continue for another couple of weeks. Limited new positions in good performing quality values are a reponsible strategy. We still are a little cautious , and remain partially invested in cash. ( and gold - see below-)

China: Further consolidation at actual levells, after it's climb started in july. Altough both technical pattern , and  fundamentals look better than for  U.S. markets, we don't buy yet.

Dollar versus Euro:  Dollar is further losing momentum in his medium term uptrend towards euro .As euro investors we don't buy extra dollar positions. On the other hand we strongly believe in a diversification ( f.i. Swiss francs , eventually dollars), seen the still uncertain position of many Eurozone countries.

Base metals:  Broad climb of most base metals last week. On the other hand we don't see enough potential to justifie new positions. We prefer stocks and gold.

Oil: Contrary to base metals, oil prices nearly moved. We expect them to remain at actual levells for a longer period. We don't see any potential for now , and stay at the sideline.

Gold: Despite a strong rebound of stock markets, and the diminishing fear for a double dip scenario, Gold prices remained very stable. This clearly shows that last months rally has a more fundamntal reason. We see gold as a must in any portfolio, and intent to buy new positions the next few days. ( Read full newsletter - link below-).

                                      August 30 2010                                                                 Weekly issue nr 77 
Dsi model portfolio: from start (febr 09 2009) +43.54%    SP500 +22.55%    nasdaq + 35.29% (see full newsletter-link below-) 
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: The expected rebound happened last friday, with a rather strong climb of most indexes. Markets are in a very oversold position for now.This makes us expect a further iincrease of stock prices the days ahead. Buying and selling power are in balance.
We don't see very much potential at the upside, but on the other hand we don't see much risk at the downside. A sideward movement of the markets is the most likely scenario, be it with high volatility. As a conclusion we believe limited positions in high quality stocks are a responsible strategy.

China: Oversold situation as well, the chart pattern being quite different. We still are in a medium term uptrend , started the first days of july., altough losing momentum. We would keep positions , but don't buy yet.

Dollar versus Euro:  Dollar is losing momentum in his medium term uptrend towards euro .As euro investors we don't buy extra dollar positions. On the other hand we strongly believe in a diversification ( f.i. Swiss francs , eventually dollars), seen the still uncertain position of many Eurozone countries.

Base metals:  Most base metals consolidated last week. We expect a limited rebound the days ahead. We don't see much potential the first weeks So far we still avoid positions.

Oil price: Same story as for other values; a moderate price rebound, We expect prices to remain in a trading zone around actual levells. So far we don't see much profit in oil-positions, and stay at the sideline.

Gold: In uncertain times, and undecided stock markets, gold plays it role as safe heaven, After last weeks climb we still expect a
( limited) correction. This could be an excellent entry point. 

                                         August 23 2010                                                                 Weekly issue nr 76 
Dsi model portfolio: from start (febr 09 2009) +45.17%    SP500 +23.36%    nasdaq + 36.93% (see full newsletter-link below-) 
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: As we expected, a moderate rebound happened last monday and tuesday, followed by lower prices wednesday and thursday, to end the week with flat prices on friday. This volatility clearly shows the nervosity among investors. Nevertheless our buying-selling power indicator still shows a slight dominance of the buy side. Therefore we expect a moderate further rebound of the markets. So far we keep most positions, except for leveraged products as f.i. QLD. etc... 

China: Small correction by the end of the week; So far we see chinese values evoluate rather horizontally, or slightly climbing, but too limited to justifie new positions. We would hold existing positions.

Dollar versus Euro:  Real medium term uptrend from dollar towards euro for now.We expect this to continue at least for a couple of weeks. Euro investors also  could diversifie in Swiss francs .

Base metals:  Most base metals further corrected last week, aluminium being the worst performer. We expect a limited rebound the days ahead. Much will depend how strong stock markets recover . So far we still avoid positions.

Oil price: Same story as for other values; a moderate price correction, We expect prices to remain in a trading zone around actual levells. So far we don't see much profit in oil-positions, and stay at the sideline.

Gold: In uncertain times, and undecided stock markets, gold plays it role as safe heaven, After last weeks climb we expect a ( limited) correction. This could be an excellent entry point. 

                                           August 16 2010                                                                 Weekly issue nr 75 
Dsi model portfolio: from start (febr 09 2009) +44.07%    SP500 +24.24%    nasdaq + 36.54% (see full newsletter-link below-) 
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: As everyone else , we were surprised by last weeks severe correction. This clearly shows that most investors still are very nervous, and any doubt about the economy can trigger serious profit taking. On the other hand markets are very oversold for now, and a rebound, be it a limited one, can be expected. This could be an opportunity to sell more vulnerable values. ( in our portfolio we would sell QLD -Nasdaq long powershares). We don't buy anymore, but don't sell in panic; wait and see!

China: In correlation with most markets, chinese stocks corrected, be it less important; so far we would keep our positions , and observe how strong the rebound out of this oversold position will be.

Dollar versus Euro: Serious appreciation of dollar towards euro, but still too early to call it a medium term trend reversal. Wait andsee.

Base metals: In harmony with stock markets all base metals corre"cted last week; is this a buying opportunity or not? Much will depend how strong stock markets recover out of this oversold situation; wait and see!

Oil price: Same story as for other values; a moderate price correction. We expect prices to remain in a trading zone around actual levells. So far we don't see much profit in oil-positions, and stay at the sideline.

Gold: As soon as nervosity dominates the markets, gold is rising again. This shows again the importance of partial allocation in gold. We probably are going to buy new positions the next few days.

                                           August 9 2010                                                                 Weekly issue nr 74 
Dsi model portfolio: from start (febr 09 2009) +48.62%    SP500 +29.11%    nasdaq + 43.76% (see full newsletter-link below-) 
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: Continuing medium term uptrend, but losing a little momentum. So far most earnings are good or better than expected. Even some bad news ( jobsdata) can't spoil the markets. On the other hand we don't expect this bullish period to continue for a very long time. Probably at most up to the levells of end april 2010. We keep our positions, but don't buy anymore.

China: In harmony with most markets, chinese values kept climbing last week. We believe in a further ( moderate) climb.We consider re-entering , Our choice would be FXI ( china 25 index fund - NYSE-) ( beside baidu inc , in witch we already are engaged).

Dollar versus Euro: Continuing medium term uptrend from euro towards dollar. We see This strenghtening of the euro still continue for a while. As euro investor we would diminish our dollar positions. For those who want to diversifie as a protection against eventual Euro accidents, we would prefer swiss francs.

Base metals: Continuing medium term uptrend; We see this continue for a while. Despite that, we prefer to wait for a (small) correction, before re-entering.

Oil price: Prices perform well at actual levells, A further climb to the 85$-88$ zone can be expected. We don't expect this to be profitable for investors, and stay at the sideline

Gold: Prices climbed last week to 1205 $/ounce. We expect a further consolidation between 1170$-1230$. This could continue for another couple of weeks. In a long term we believe in much higher prices. We are watching our charts closely for an eventual re-entry.

                                                     August 2 2010                                                      Weekly issue nr 73
 Dsi model portfolio: from start (febr 09 2009) +45.60%    SP500 +26.81%    nasdaq + 41.64% (see full newsletter-link below-) 
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: Medium term uptrend still intact; We see last week slight pullback only as a temporary reaction and expect a further climb. Most likely it will be a moderate climb, probably leading the markets to the levells of end april 2010. This should be sufficient to justifie new positions. On the other hand we still preferr to be cautious; therefore we still limit our stock allocation.

China: CSI300 easily surpassed the 2800 points line. This let us expect a further climb. Nevertheless we prefer to wait for a technical pullback before re-entering this market.

Dollar versus Euro: Continuing medium term uptrend from euro towards dollar. We see This strenghtening of the euro still continue for a while. As euro investor we would diminish our dollar positions. For those who want to diversifie as a protection against eventual Euro accidents, we would prefer swiss francs.

Base metals: Clear medium term uptrend. All bese metals jumped higher last week. We expect this to continue at least several weeks. We wait for a ( small) pullback before re-entering this market.

Oil price:  In harmony with stock markets, oil prices strenghtened last week. Still to early to call it a medium term uptrend. Altough we believe in much higher prices in a long term, we still preferr to wait before buying oil positions.

Gold: Further correction of gold prices, into a consolidation zone at a slightly lower levell.(1150$-1200$/ ounce). We believe this consolidation to continue for a couple of months. Therefore we did sell our last remaining gold position. (DGP see full newsletter-link below-). In a long term we believe in much higher prices.

                                            July 26 2010                                                                          Weekly issue nr 72
 Dsi model portfolio: from start (febr 09 2009) +45.99%    SP500 +26.93%    nasdaq + 42.57% (see full newsletter-link below-)
                    This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

 General market situation: First weeks of july we did see a rebound of the stock markets. Initially we evaluated this to be a technical rebound after many weeks of severe correction. With second quarter earnings to be released , a cautious approach still was indicated.
As most earnings appeared to be good or even excellent, markets are heading higher again after a short pullback around July 18. Our buying selling power indicator shows a dominant position of buying power. Therefore we expect a positive medium term trend. We don't expect this to turn into a real bullish period,. We rather expect markets to rise the levells around those from mid- may 2010.

 China: Almost synchronised with other market places, CSI 300 jumped higher after it's severe correction end of june. We are a little less confident in the strength of this market. We prefer to wait until the 280 points line is passed, before eventually re-entering.

 Dollar-Euro: Continuing stronger position of euro towards dollar.The medium term uptrend, started mid-june, still continues. As eurozone investor we would'nt buy extra dollars anymore.

 Base metals: In harmony with stock markets most base metal prices climbed a little higher last weeks. On one hand we  see this as a technical reaction after last months severe correction; on the other hand markets seem to believe in a stronger economic growth. Lead was the strongest performer. So far we don't take base metal positions yet.

 Oil price: Still consolidating between 70$ and 80$, far away from end of april tops around 88$. We don't expect very much from investments in oil the first months; From a longer term point of view we expect much higher prices.

 Gold: Prices are hoovering between 1175$ and 1220$. We believe this still to continue for a couple of months. In a longer term we expect ( much?) higher prices: In a short term perspective we don't see much profits. We still keep a limited position, as a kind of insurance, just in case

                                    July 5 2010                                                                                  Weekly issue nr 71
 Dsi model portfolio: from start (febr 09 2009) +46.46%  SP500 +17.72%  nasdaq + 31.41% (see full newsletter-link below-) 
                     This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

                                      Due to exceptional circumstances  NO NEWSLETTERS UNTILL MONDAY JULY 26 2010 
                  Our transactions continue to be announced real time, so be sure to check the full newsletter page daily
                                         Today only a brief summary of the actual financial  situation :

  General market situation: the rebound, we did hope for last week, didn't happen. As told last week, we were waiting for a confirmation before buying, we didn't do anything, and stayed cash. We don't expect very much the first weeks, and stay away of stocks.  As far as China , oil and base metals, no changing:  we still avoid them.

 IMPORTANT FACTS:  Strong rebound of euro towards dollar, if this continues for another couple of days, we can talk of a MEDIUM TERM   TREND REVERSAL.  We would diminish our dollar positions in favour of euro and swiss francs. As a consequense of the strengtening euro, we did see strong profit taking of euro investors in GOLD. This downward reaction of gold could still continue for a couple of weeks. We see this as profit taking, not as a fundamental lomg term trend changing. We still keep half of our gold position, for new positions, we prefer to wait untill prices are stabilising again.

                                         June 28 2010                                                                                  Weekly issue nr 70
 Dsi model portfolio: from start (febr 09 2009) +48.48%  SP500 +23.95%  nasdaq + 39.70 % (see full newsletter-link below-) 
                     This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

 General market situation: As we did explain last week, markets pulled back a little. For now the situation looks a little oversold, and a ( technical?) rebound can be expected. We expect a moderate climb for a few weeks . We don't expect a real rally , but possibly important enough to justifie a purchase. We believe in LIMITED long positions in the best performing stocks. Tough we prefer to wait a couple of days for confirmation.

 China:  Further downward oriented triangle formation ( CSI300).This let us expect a further depreciation; so far we still avoid chinese values in general.untill the global situation clears out.

Dollar: Further rebound of euro towards Dollar. Still too early to call it a medium term trend reversal. This might happen the next few weeks. This in mind we still keep dollar positions, but don't buy extra positions. The swiss franc remains super strong.

Base metals: Last week we did see a nice rebound of most base metal prices. We believe it's  Still too early to re-enter . So far we still avoid positions

Oil price:  Further technical rebound of oil price last week, so far the medium term trend still remains bearish. Altough we expect higher prices in a long term, we avoid oil positions for now, untill the worldwide financial and economical situation clears out.

Gold:  Further climb of gold prices ,climbing above 1250$.  In a longer term we expect ( much) higher prices.  In this uncertain times we believe gold has a place in any portfolio.

                                         June 21 2010                                                                                  Weekly issue nr 69
Dsi model portfolio: from start (febr 09 2009) +47.18%  SP500 +28.64%  nasdaq + 45.10 %  (see full newsletter-link below-) 
                This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

 General market situation: Strong technical reaction, after many bearish weeks. Both Nasdaq and SP500 equalling or slightly surpassing previous top. Despite that, we still wait before re-entereing. For now stocks are getting a little overbought in their upward reaction. This makes a downward movement the next few days very well possible ( possibly at the end of next week) . The size of this movement will bring more clarity . Untill then we still stay at the sideline. Patience is a great virtue, and often rewarding.

 China: No rebound of the CSI 300. Wee still observe a downward oriented triangle. This makes us expect a further depreciation the weeks ahead. So far we still avoid chinese values.

Euro / Dollar:  Technical rebound of Euro towards Dollar. We don't expect this to be a change in trend. So far we stay invested in dollar and believe Eurozone investor SHOULD BE INVESTED IN DOLLARS, at least partially. ( and /or :gold,swiss francs .) .

Base metals: Similar technical rebound of base metal prices, be it a limited one. So far the medium term downtrend remains intact. We still avoid base metals.

Oil price:  Further technical rebound of oil price last week, so far the medium term trend still remains bearish. Altough we expect higher prices in a long term, we avoid oil positions for now, untill the worldwide financial and economical situation clears out.

Gold:  Further climb of gold prices ,climbing above 1250$.  In a longer term we expect ( much) higher prices.  In this uncertain times we believe gold has a place in any portfolio.

                                               June 14 2010                                                                                  Weekly issue nr 68
Dsi model portfolio: from start (febr 09 2009) +47.18%  SP500 +25.69%  nasdaq + 40.94 %  (see full newsletter-link below-) 
                This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: Vigourous rebound last thursday, followed by a good session last friday. Is this a resumed climb , or rather a technical reaction after last month's severe correction? As far as the BUYING-SELLING power is concerned, the selling power still remains slightly dominant. This in mind we still wait before re-entering the markets. On the other hand we don't buy new short positions yet. ( last tuesday we did sell our Nasdaq short position -QID- as announced real time in the full newsleteer - link below-).

China: Lower prices, but less volatility, with first timid signs of bottom formation, be it a downward oriented triangle. We still prefer to stay cash until the woldwide situation clears out. In this uncertain trend cash remains a good place to be.

Euro / Dollar:  Persisting strength of dollar ; We believe Eurozone investor SHOULD BE INVESTED IN DOLLARS, at least partially. ( and /or :gold,swiss francs .)

Base metals: Weak performance again  last week; all base metal prices keep going down, despite stock markets technical reaction . The gfms index declined further in it's a MEDIUM TERM DOWNTREND.. For now we avoid base metals.

Oil price:  Technical? rebound of oil price last week, so far the medium term trend remains bearish. Altough we expect higher prices in a long term, we avoid oil positions for now, untill the worldwide financial and economical situation clears out.

Gold:  Further consolidation at high levells, we expect this to continue for a couple of weeks , before the climb will resume.  In a longer term we expect ( much) higher prices.  As announced last tuesday, we did buy extra DGP ( gold double long ) positions.

                                                  June 6 2010                                                          WEEKLY   ISSUE NR 67
 Dsi model portfolio: from start (febr 09 2009) +46.59%  SP500 +22.61%  nasdaq + 39.41 %  (see full newsletter-link below-) 
                This newsletter reflects our opinion on, and strategy in the markets and is no investment advice in any way

General market situation: Volatility still remains the keyword of the markets. Today Investors are euphoric and buy, tomorrow they are desperate sellers. From a technical point of view, the situation is more evident: The high volatility reflects a conflict between buying and selling forces. Our buying-selling forces indicator shows a clear dominance of selling power. This in mind we expect lower prices ( as we did last weeks ) . How deep the markets will plunge is difficult to predict. Anyway one thing is evident: we DON'T BUY  stocks, We 'll probably buy extra short positions the next few days; we'll announce that as usual real time in ur full newsletter. ( link below).

China:  Lower prices, but less volatility, with first timid signs of bottom formation, be it a downward oriented triangle. We still prefer to stay cash until the woldwide situation clears out. In this uncertain trend cash remains a good place to be.

Euro / Dollar:  Increasing strength of dollar ; We believe Eurozone investor SHOULD BE INVESTED IN DOLLARS, at least partially. ( and gold,swiss francs .)

Base metals: Weak performance again  last week; Mostly lead and zinc were the worst performers, Both are in a medium term downtrend for now. The gfms index declined further into a MEDIUM TERM DOWNTREND.. For now we avoid base metals.

Oil price: In correlation with stock markets, oil prices further declined. Altough we expect higher prices in a long term, we avoid oil positions for now, untill the worldwide financial and economical situation clears out.

Gold: Gold remains a safe heaven , as it always did. In a longer term we expect ( much) higher prices. As far the actual situation is concerned,it is not evident yet  , wether we are in a consolidation period ( 1180$-1240$), or already in a resumed climb, So far we keep our positions ( see full newsletter)  , we don't buy extra positions yet.

                                       May 31 2010                                                                                       Weekly issue nr 66
           Dsi model portfolio: from start (febr 09 2009) +46.27%  SP500 +25.41%  nasdaq + 41.79 %   ( see full newsletter )

General market situation:  Volatility still dominates the markets, making any forecast very difficult and risky. Where last thursdays vigourous buying seemed to indicate a renewed bullish move, last friday was a listless and weak day. We don't forget last weeks very strong selling power; therefore we don't expect that much from a possible renewed climb. We prefer to stay at the sideline untill the trend becomes clear. Altough we don't expect a strong correction the next few days, we still keep our QID ( nasdaq ultrashort), just in case.

China:  Lower prices, but less volatility, with first timid signs of bottom formation. We still prefer to stay cash until the woldwide situation clears out. In this uncertain trend cash remains a good place to be.

Euro / Dollar:  The dollar still remains in a medium term upward trend towards euro, despite last weeks limited technical reaction.So far we keep dollars in portfolio.

Base metals: Weak performance last week; Mostly lead and zinc were the worst performers, Both are in a medium term downtrend for now. Copper and nickel resisted more. For the first time the gfms index declined further into a medium term downtrend. For now we avoid base metals.

Oil price: Despite last weeks technical rebound , oil prices remain in (short?) term downward trend. We stay away from oil investments untill the worldwide economical and financial situation becomes clear.

Gold: Last week we did see a nice rebound; Will this be the start of a new rally, or rather a consolidation period between 1180$ and 1230$ ? Wait and see. Anyway we believe in higher prices in a long term, and keep our DGP position. ( Gold double long).

                                                May 24 2010                                                                    WEEKLY ISSUE NR 65
         Dsi model portfolio: from start (febr 09 2009) +45.70%  SP500 +25.21%  nasdaq + 40.03 %   ( see full newsletter )

General market situation: Volatility still dominates markets. In this" higher- lower" situation any forecast is extremely difficult. Last Fridays end of session rebound might indicate higher prices the next few days. On the other hand last weeks negative forces where so powerfull that we don't expect this rebound to be profitable. In this uncertain situation we prefer to stay cash until the trend becomes more evident. We prefer to miss an opportunity, rather than taking risky positions to get the last dollarcent out of it. We also bought a very limited short position , just in case.

China : Lower prices, but less volatility, with first timid signs of bottom formation. We still prefer to stay cash until the woldwide situation clears out. In this uncertain trend cash remains a good place to be.

Base Metals: In correlation with stock markets most base metals corrected more last week, with a limited rebound Friday afternoon. NO medium term reversal yet for most base metals, lead and zinc are the worst performers . Anyway we don't want base metal positions for now.

Euro/dollar: Technical? Or more fundamental? Rebound of euro towards dollar. Next weeks bring more clarity.
 So far we still keep dollar positions.

Oil price : Further depreciation of oil price, in correlation with stock markets. The medium term trend is now down We don't buy until the worldwide situation and financial- economical outlook clears out.

GOLD: Technical reaction last week, with prices correcting to approx 1180$ /ounce. This correction still may continue for a while. We keep our position, but don't buy extra positions.

                                    May 17 2010                                                                        WEEKLY ISSUE NR 64
              This newsletter reflects our opinion on the markets and is no investment advice in any way. (read disclaimer)
                        Dsi model portfolio: from start (febr 09 2009) +50.08%  SP500 +30.73%  nasdaq + 47.43 %

General market situation: Volatility everywhere last week; After a (too) euphoric reaction,markets came back to earth last Thursday . Not easy to predict where markets will go next weeks. We bed on a limited upward reaction, followed by a further correction. What exactly will happen, nobody can tell. This uncertainty in mind we prefer to stay at the sideline. We wait until the trend becomes more evident. On the other hand difficult situations often create opportunities. ( SHORT ON STOCKS, BASE METALS? LONG ON GOLD... FOR EUROZONE INVESTORS : DOLLARS...). We probably are going to swap our recently acquired long position into a short position, when the timing is optimal. FLEXIBILITY is a must. The flexible investor will be the winner.

China : Similar situation on Chinese markets with further depreciation last week. We would prefer to sell and stay cash until the woldwide situation clear out. In this uncertain trend cash remains a good place to be.

Base Metals: In correlation with stock markets most base metals corrected a little last week. If this corrections continues, we could label this as a medium term trend reversal. Anyway we don't want base metal positions for now.

Euro/dollar: Accelerating appreciation from the dollar towards euro. So far this trend still accelerates, dollars still can be accumulated.. As we often mentioned before we strongly believe eurozone investors SHOULD BE INVESTED IN STRONG CURRENCIES . Since dollar is outperforming the swiss franc , we prefer dollars. (and/ or GOLD).

Oil price : Depreciation of oil price, in correlation with stock markets, with the longer term uptrend still remaining intact.. 

GOLD: Considering the still uncertain situation in southern Europe ; ( recent measures probably will bring only a very temporary releave ) we strongly believe in ( much) higher gold prices. Important fact is THE DIMINISHING INVERSE CORRELATION WITH THE DOLLAR RATE. Prices climbed despite a super strong dollar.We believe that stock positions and cash should be partially replaced by gold.. We probably are going to increase our Gold position ( DGP gold double long-NYSE-arca).

                         May 10 2010                                                                             WEEKLY ISSUE NR 63
          This newsletter reflects our view on the markets; it is not an investment advice in any way ( read disclaimer)
                     Dsi  portfolio: from start (febr 09 2009)  +46.61%    SP500 +27.88%     nasdaq + 42.33 %

 General market situation  As we expected the downtrend further continued, be it more intense. Whatever the reason may be for Thursdays extreme volatility,  it is clear that markets are very nervous. Any bad news could trigger a further decline. Apparently last weeks correction could be an excellent buying opportunity for some top stocks. ( f.i. apple..). Momentum however is bearish. In such an environment even the best stock is likely to perform badly. China : Further depreciation of Chinese values last week. We would prefer to sell and stay cash until the woldwide situation clears out. In this uncertain trend cash is a good place to be. Monday mornings reaction to the euro-help plan changes the situation; Markets are likely to resume their uptrend; wait and see!

Base Metals: In correlation with stock markets most base metals corrected a little last week. We expect this correction to continue for a while. Even if the uptrend still remains intact, we don't buy base metal positions yet.

 Euro/ Dollar:. Accelerating appreciation from the dollar towards euro. So far this trend continues, and dollars can remain in portfolio. As we often mentioned before, we strongly believe eurozone investors SHOULD BE INVESTED IN STRONG CURRENCIES  ( at least partially). Since dollar is outperforming the swiss franc , we prefer dollars. (and/ or GOLD).

 Oil price : Depreciation of oil price, in correlation with stock markets, while the longer term uptrend remains intact. Last Tuesday, as announced in the full newsletter we sold our OIL ( crude oil total return - NYSE-) . We don't buy until the worldwide situation clears out.

 GOLD: Considering the still uncertain situation in southern Europe ; (  recent measures probably  will bring only a very temporary releave ) we strongly believe in ( much) higher gold prices. Last weeks most prominent fact is THE DIMINISHING INVERSE CORRELATION WITH THE DOLLAR RATE. Prices climbed despite a super strong dollar. We believe that stock positions and cash should be partially replaced by gold.. We probably are going to increase our Gold position ( DGP gold double long-NYSE-arca).  

                                           May 03 2010                                                                    WEEKLY ISSUE NR 62
                           Dsi model portfolio: from start (febr 09 2009) +47.77%  SP500 +36.60%  nasdaq + 54.61 %

General market situation: After a couple of days with increased volatility , markets finally started a more serious correction last Friday. This period of increased volatility clearly showed the tension between buying and selling power . We expect the bears to be in charge for a more or less longer period. We only would keep the strongest values in portfolio. We don't buy yet, and delay new stock purchases. ( check our full newsletter for daily updates.) Our abundant cash position will allow us to seize opportunities when the timing is ok.

China : Further depreciation of Chinese values last week. At this levell we would'nt sell anymore. On the other hand we don't buy until the ( worldwide ) situation clears out. In this uncertain trend cash is a good place to be.

Base Metals:  In correlation with stock markets most base metals corrected a little last week. Only nickel kept performing quite well. We expect this correction/ consolidation to continue for a while. We don't buy base metal positions yet.

Euro/dollar: Further appreciation from the dollar towards euro. So far this trend continues, and dollars can remain in portfolio.We believe eurozone investors should be invested partially in strong currencies , eventually switch dollar positions into swiss francs. ( or gold).

Oil price : Technically strong price pattern with an upside triangle formation, with a discrete breakout into higher regions. Despite the stock market correction prices remain strong.. We keep our position in OIL ( Crude oil total return index etn - NYSE arca) . We believe in moderately higher prices in a medium term.

GOLD: Considering the still uncertain situation in southern Europe ; ( recent measures probably will bring only a very temporary releave ) we strongly believe in ( much) higher gold prices. On top of that China is partially switching dollars into gold. We believe that stock positions and cash should be partially replaced by gold.. We probably are going to increase our Gold position ( DGP gold double long-NYSE-arca). Much will depend on the dollar rate ( Check our full newsletter daily for updates)..

Rio Tinto plc (ADR) W2 6LG London United Kingdom ENG

Equity Composition	Ordinary Shares 10p Par, 6/10, unlim. auth., 1,525,961,089 issd., net of Treas. @ Cost. RTP & CRA approved the terms of a dual listed merger (Co. s operate as 1 company but are separate entities). Rio Tinto Ltd. Ordinary Shs., no Par, 435,800,000 issd. 04/10, 4-for-1 stock split, as a result of which, the ADR ratio has changed from 1:4 to 1:1.
Business Summary	Rio Tinto Plc (Rio Tinto) is an international business involved in each stage of metal and mineral production. The Company produces aluminium, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals (borates, titanium dioxide, salt, talc and zircon). With production mainly from Australia and North America, the Company operates in more than 50 countries. The Company's businesses include open pit and underground mines, mills, refineries and smelters, as well as a number of research and service facilities. The Company consists of a number of wholly and partly owned subsidiaries, joint ventures and associated companies. It has five product groups and two global support groups: aluminium, copper, diamonds, minerals, energy, iron ore, exploration and technology & innovation. In July 2010, Rio Tinto plc completed the divestment of its Alcan Packaging business with the sales of its two subsidiaries, Medical Flexibles and Alcan Beauty Packaging.
Analyst Footnotes	6/97, Name changed from RTZ Corporation PLC. Fncls. prior to 12/92 are in British L. FY 92 - 94 fncls. are restated in $U.S. FY 97 Financials are restated. All Q s = 6 months.
Financial Summary	BRIEF: For the six months ended 30 June 2010, Rio Tinto plc s revenues increased 34% to $25.21B. Net income from continuing operations totaled $5.91B, up from $2.15B . Revenues reflect an increase in income from Iron Ore segment, higher income from Aluminum segment and a rise in income from Copper segment. Net income also reflects an increase in exchange gains on external debt and higher interest receivable & similar income.

ProShares Ultra S&P500 (ETF) 20814 Bethesda United States MD

Business Summary	ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability. The S&P 500 Index is a price return index. Reconstitution occurs both on a quarterly and ongoing basis. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the S&P 500 Index. The Fund's investment advisor is ProShare Advisors LLC.
Equity Composition	Common shares, 05/10, no par, unlimited auth., 45,300,000 issd. Insider own 0.10/08, Name changed from Ultra S&P500 ProShares. 11/08,Exchange changed from AMEX to NYSE Arca.
Financial Summary	BRIEF: For the fiscal year 31 May 2010, ProShares Ultra S&P500, revenue decreased 49% to $31.7M. Net increase in net asset totaled $735.3M, vs. a loss $1.34B. Revenue reflects a decrease in dividend and a decline in interest income. Net increase in net asset was offset by a decrease in advisory & management service, a decline in professional fees, a decrease in administration fees and a decline in other fee

Powershares DB Base Metals Fund (ETF) 10005 New York United States NY

Financial Summary	BRIEF:
Business Summary	PowerShares DB Base Metals Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust), a Delaware statutory trust organized in seven separate series, and its subsidiary, DB Base Metals Master Fund (the Master Fund), a separate series of DB Multi-Sector Commodity Master Trust (the Master Trust), a Delaware statutory trust organized in seven separate series, which were formed on August 3, 2006. The Master Fund invests with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Liquid Commodity Index-Optimum Yield Industrial Metals Excess Return (the Index) plus the excess, if any, of the Master Fund's income from its holdings of United States Treasury Obligations and other credit quality short-term fixed income securities over the expenses of the Fund. DB Commodity Services LLC (DBCS) funded both the Fund and the Master Fund.
Equity Composition	11/08, Exchange changed from AMEX to NYSE Arca.

DGP

ProShares UltraShort QQQ (ETF) 20814 Bethesda United States MD

Financial Summary	BRIEF: For the fiscal year ended 31 May 2008, ProShares UltraShort QQQ s investment income totaled $65.3M. Net decrease in net assets resulting in operations totaled $147.8M. Results cannot be compared since the fund came into existence on July 11, 2006 hence the prior period financials are not available. The fund seeks investment results before fees and expenses that correspond to twice the inverse of the daily performance of NASDAQ-100 Index.
Business Summary	ProShares UltraShort QQQ (the Fund), formerly UltraShort QQQ ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. To be eligible for inclusion companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements. The Index is calculated under a modified capitalization-weighted methodology. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index. The Index is a price return index. The Fund's investment advisor is ProShare Advisors LLC.
Equity Composition	Common Stock no par, 8/08, unlimited auth., 32,550,000 issd. 10/08, Name changed from UltraShort QQQ ProShares. 11/08, Exchange changed from AMEX to NYSE Arca.