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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
  • Gold Is Set For A Correction. 2 comments
    Aug 29, 2013 11:39 PM | about stocks: GLD, DUST, UUP, SGOL, NUGT, UGL, GLL

    As you may know, most of the decline in gold has come from people selling paper gold ETFs like SPDR Gold Trust (NYSEARCA:GLD). While Americans were panicking out of their GLD, the Chinese were buying in record amounts. This turn around in gold has come because inflows in gold ETFs have returned for the first time since November.

    We are going to exercise our Put options on Direxion Daily Gold Miners Bear 3X Shares (NYSEARCA:DUST) to create a short position. The rise in gold prices has helped our bearish investment in DUST but hurt our PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP). My models indicate that these moves will be short lived. In my opinion, there is about 20% upside to gold and 30-40% downside risk.

    blogs.barrons.com/focusonfunds/2013/08/1...-february

    Disclosure: I am short UGL.

    Additional disclosure: I have long gold positions.

    Stocks: GLD, DUST, UUP, SGOL, NUGT, UGL, GLL
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  • ljsquid
    , contributor
    Comments (15) | Send Message
     
    Author’s reply » Was I right or what? This was published at the short-term peak and gold is down 5% since then.
    2 Oct 2013, 05:32 PM Reply Like
  • WaveRider007
    , contributor
    Comments (589) | Send Message
     
    When the realization that QE was just psychological and not helping GDP growth, then $GLD $SLV will suddenly look more attractive instead of fiat currencies.
    29 Oct 2014, 08:57 AM Reply Like
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