My portfolio has certainly taken more vicious hits in May, down over 11% thus far, on top of the 10% drop in April and 5% in March. Only because of 19% and 23% gains in January and February respectively is my portfolio still in the green this year...and ahead of the TSX I might add.

Greece and many other European countries where nobody wants to pay for anything (France, Italy etc.) are pulling down the whole world....and the slowing down of China`s economy isn`t helping.

There will be more elections in Greece. Will the Greeks return to sanity or embrace in greater numbers fringe parties who want to default on their obligations?

Sometimes I think I should sell everything, crawl under a rock and wait for the economy to return to normal. Dunno.....but given that from Greece to France to the United States governments STILL are not willing to reduce deficits, reign in spending and live within their means.

So eventually this means, the printing of money...lots of it....and inflation...lots of it. People sitting on cash will be left behind. Of course how much will I lose before that happens?

I don`t think I`ll be buying any new companies. I`d rather just sell what appears to have no hope or take whatever profit I can, and average down on other companies, and just wait for the world to return to sanity....could take a while.

That being said, I`ve sold some Shield Gold (SHG) and bought more Norther Freegold (NFR) to average down my holdings there. Northern Freegold (NFR) should be one of the best bets of the sorry lot that it my portfolio these days.

Although Spot Coffee (SPP) has announced increased profit, Kane Biotech (KNE) has completed a study on one of their products with "success".