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Christian Magoon

 
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  • A New Closed End Fund ETF Comes To Market [View article]
    I can explain the issues with YYY data BSP.

    Seeking Alpha is displaying the wrong quote data on its YYY ticker page. This link - http://bit.ly/140xS1m - to the actual source of the chart - quotemedia.com - shows the correct quote. For some reason the SA chart is not accurate. I have contacted SA and quotemedia and alerted them to this error.

    The SNDS ETF was converted into a new ETF which means it changed ticker, investment objective and holdings as of Friday June 21st. It is now the YieldShares High Income ETF (YYY). The ETF holds a basket of 30 CEFs.

    While the Seeking Alpha YYY data waits to be updated, information including prospectus, fact card and investment case on YYY can be found at http://bit.ly/14plXt0.

    In addition, complete information on the Index underlying YYY - including indicated yield and duration numbers - can be found at http://bit.ly/14plXt3

    Hope this answers your question - Christian Magoon, YieldShares
    Jun 22, 2013. 01:15 PM | 1 Like Like |Link to Comment
  • 3 Lessons I've Learned From Investing In Closed-End Funds [View article]
    Nice article Michael. As you demonstrate, the CEF world often presents compelling opportunities for those with discipline and patience.
    May 23, 2013. 10:30 AM | Likes Like |Link to Comment
  • Five Gold Price Catalysts On Our Radar [View article]
    KW, you make a good point about the tension between whether the ECB's actions either contribute to the strength of gold or instead make the U.S. Dollar stronger. This issue has a lot of grey in it but perhaps becomes more clear by adding the dimension of time to this dilemma.

    EU weakness over the last year has taken its toll on gold prices via a flight to the U.S. Dollar. Thus in the short term it seems more likely that further ECB action would have the same result. Over the longer term however it appears more likely that any central bank liquidity program is, in general, a net positive for gold prices.

    Thanks
    Oct 9, 2012. 03:05 PM | 3 Likes Like |Link to Comment
  • Romney's VP Choice: Good For Gold This Fall? [View article]
    Will the U.S. Dollar actually be stronger with a Republican or Democratic White House? Does the Executive Branch matter?
    Aug 12, 2012. 09:10 PM | 1 Like Like |Link to Comment
  • Romney's VP Choice: Good For Gold This Fall? [View article]
    Good points. In the longer term (past this Fall) gold investors must not only focus on who wins the Presidential race but also the makeup of Congress and the Federal Reserve. Given that, as noted above, there are plenty of variables outside of the US - ECB, China, Iran - that could overshadow any gold prices influences from within the United States.
    Aug 12, 2012. 05:03 PM | 1 Like Like |Link to Comment
  • Romney's VP Choice: Good For Gold This Fall? [View article]
    Thanks for the comment and good point - it's a mixture of influences. I highlighted that in the first sentence of the last paragraph.

    I do think America's fiscal dirty laundry being focused on will have a negative impact on the dollar and a positive impact on gold. The extent of that impact in a time with several looming catalysts (ECB, China, Iran), remains to be seen however. 
    Aug 12, 2012. 04:58 PM | Likes Like |Link to Comment
  • 2 Surprising Ways GLD Is Losing To IAU [View article]
    Thanks for the comment. The "blow out" is in the inflow numbers this year. Significantly more muted is IAU's performance advantage over GLD. Both of these data points are surprising to see given GLD's major advantage in scale and awareness.
    Aug 9, 2012. 12:13 PM | Likes Like |Link to Comment
  • Best Gold ETF Choice Now? Miners [View article]
    I agree that gold miners ETFs have vastly underperformed over the longer term but over the last 4 weeks they have been the place to be. (second chart)
    Jun 19, 2012. 05:48 PM | Likes Like |Link to Comment
  • WisdomTree India Leads Fading PowerShares [View article]
    Should be interesting to see what the rupee does this week. Also could more government policy decisions (like recent rise in gas pricing) give investors hope of more reform?
    May 27, 2012. 06:37 PM | Likes Like |Link to Comment
  • Gold ETFs Sink On Euro Chaos [View article]
    Good point David. Gold can be a victim of its own success versus other asset classes when it comes time to raise cash - especially in the short term. We saw it happen in late 2011.
    May 11, 2012. 12:17 PM | Likes Like |Link to Comment
  • Gold ETFs Sink On Euro Chaos [View article]
    I have been thinking of bullish gold news and current market impact as being like a faucet with a hose attached to it. The faucet has been turned on with positive news for gold but the water (returns) haven't come out of the end of the hose yet. My belief is that this is only a matter of time.
    May 11, 2012. 12:16 PM | 1 Like Like |Link to Comment
  • Gold Miners ETFs Bounce [View article]
    It is interesting that gold and gold miners are so disconnected today. Could it be a leading indicator or just a response to a tough last week for gold miners? Time will tell.

    Thanks for the comment
    May 9, 2012. 03:22 PM | Likes Like |Link to Comment
  • Gold ETFs Sink On Euro Chaos [View article]
    Also be interesting to see what happens as the actual supply of Euros begins to run low in Greece. Tough choices will have to be made.
    May 9, 2012. 10:39 AM | Likes Like |Link to Comment
  • Gold ETFs Sink On Euro Chaos [View article]
    I think it will ultimately be good for gold, but right now it has not been.
    May 9, 2012. 10:38 AM | Likes Like |Link to Comment
  • Obama Frack Attack? 2 ETFs To Monitor [View article]
    Hi Zheeeem, thanks for the comments.

    It will be interesting to see if forward looking markets incorporate this announcement and whether that is a bullish or bearish stance. Given it is an election year and Romney has been vocal about easing federal restrictions, this could create an interesting counter weight to any negative perception.
    May 4, 2012. 07:55 AM | Likes Like |Link to Comment
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