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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
  • 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.

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