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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
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Longs, Shorts, and Mini-Skirts
  • Gold In Long-Term Bear Market? 0 comments
    May 1, 2013 11:12 PM | about stocks: DUST, GLD, NUGT, SGOL, UGL, GLL

    Gold stocks fell 11% last week, resulting in a 32% rise in DUST. Gold stocks are now down 57% from their peak on September 5, 2011 while gold itself is down only 23%. DUST has doubled in just 3 weeks.

    I believe gold is in a long-term bear market, since Cyprus is being told to sell $400 million in gold. This has already spurred other sales. So, I recommend against buying the metal. This article on expresses the same opinion. However, the buying on Friday was heavy, showing some good short-term support for a short-term bounce.

    However, I think that gold stocks have probably felt their worst.

    Disclosure: I am short DUST.

    Additional disclosure: I am accumulating gold on draw-downs.

    Themes: Gold, gold stocks Stocks: DUST, GLD, NUGT, SGOL, UGL, GLL
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