Seeking Alpha

ljsquid's  Instablog

Send Message
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.
My company:
Longs, Shorts, and Mini-Skirts
  • European And Gold Markets Looking Favorable Short-Term. 0 comments
    May 1, 2013 11:11 PM | about stocks: GLD, DUST, NUGT, GLDI, SGOL, UGL, GLL

    The PMI for China, Germany and the US dropped last month, but only Germany's index was under 50 (47.9) signaling a contraction in that country. Thus, it is believed that the ECB will lower rates and support the German stock market.

    Gold prices found their support and bounced back. There was so much demand for physical gold at $1500 that the US Mint ran out of coins to sell. Also, central banks stepped in to buy. So, I think we have we have seen a short-term low for the metal. Long-term, like the stock market, I believe gold will do poorly in the coming depression.

    Disclosure: I am short UGL, DUST.

    Additional disclosure: I am long gold and looking to short NUGT.

    Themes: gold, european stocks, eu Stocks: GLD, DUST, NUGT, GLDI, SGOL, UGL, GLL
Back To ljsquid's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.