Gold moved to overweight this month, basically on a valuation play. The materials sector of the stock market also looks attractive at this point, so another option would be to look at the Gold Miners in addition to the a gold fund. International developed markets also remained an overweight, extending the streak of overweights to 8 months. This has been a profitable overweight call. Global REITs remained underweight, and this has been a not so profitable call. Early indicators for November show foreign REITS to go to equal weight.