.I have been waiting for a stock market drop so that I can assess the performance of the BDUIF in a downward market, and thus determine the proper ratios of stock shorts to oil and gold. Initial data today (with the market down due to the Greek mess) shows that I am potentially a little heavy on shorts -- which is what I suspected anyway. After the market closes, I will perform a detailed analysis and post the results.
Hopefully, the market will continue to stay down, and close down today, so that I can get a good analysis. In the recent past, however, market drops due to Greek sovereign debt crisis events have been limited to just a few hours.
In the mean time: Gold and the stock market have parted ways today, with the market going down, and gold going up. This is also due to the Greek mess, and is a very bullish indicator for gold. It is the kind of trend split that the BDUIF is designed to make money on. It also confirms the position of gold as a hedge against economic turmoil.
Hard to say if it will continue, but I am picking up a little more UGL today on this indication.
I wish I had more of my net worth in the BDUIF today; all of my other investments are down significantly.
For a more detailed explanation of what the BDUIF is, click here.