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Old Trader is a 63 year old private investor, managing a retirement portfolio constructed to a) generate a high current yield, b) preserve capital, and c) increase capital. His methodology involves taking a "top down" macro view to identify favorable trends, and then engage in... More
  • Getting edgy.... 0 comments
    Jan 17, 2010 8:46 PM | about stocks: GIM, TEI
    Maybe its just me, but I'm getting increasingly nervous about the possibility of a sovereign default. My portfolio is pretty heavily exposed to the sector, and even though neither of my holdings, GIM and TEI, have much, if any, exposure to the countries most at risk, a default would, in my opinion, hammer the sector soundly, at least initially. I'm thinking that in all likelihood, treasuries, and the USD would bounce in a flight to perceived "safety".

    Precious metals, and by extension, the miners may do well, although that's not a "given".

    Disclosure: Long GIM, TEI, GG
    Stocks: GIM, TEI
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  • Traded out of GG @ $24.77
    Jan 29, 2014
  • Added to GG @ $23.40
    Jan 27, 2014
  • Sold GG @ $23.94 (hit target)
    Jan 23, 2014
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