The ultra inflationary policies of the FED which has created an unprecedented explosion of the money supply means that with the threat of even more funny money investors may want to consider buying metals while shorting the Nasdaq as a hedge. Certainly, the trade is not without risk. However, with a horrid economy and more printing, I would continue to think hard assets should outperform most asset classes. We like timberland and farming here, but in that respect we are outcasts in the financial world. That’s okay… we don’t want to be popular or our ideas to be well received (if agreeing with everyone is your goal you’re probably on the wrong side of trade).