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ljsquid
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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
  • Shortfalls In Gold 0 comments
    May 11, 2013 4:19 PM | about stocks: GLD, SGOL, UGL, GLL

    From last week's Longs, Shorts, and Mini-Skirts:
    As you know from last week, while Americans were bailing out of the gold shares, they started buying so much of the the physical metal that the US Mint ran out of gold coins. Evidently, Chinese consumers were also buying $16 billion worth of the medal at the bargain prices. Stocks of gold at banks are decreasing as people take physical possession of the metal.

    implode-explode.com/viewnews/2013-05-02_....html

    Disclosure: I am short UGL.

    Additional disclosure: I am long gold.

    Stocks: GLD, SGOL, UGL, GLL
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