Oct

23

Paring my gold positions, taking half my profits in CPHI.OB

October 23, 2007 | 3 Comments

This morning I decided to pare my gold positions by about 50% by selling half my position in VGZ at $5.26, two-thirds of my position in AUY at $13.76, and my entire position in ABX at $41.21. I also decided to sell half my remaining position in CPHI at $3.70.

I’ve made no secret of the fact that I’m not incredibly bullish about the market here, as I believe we are going to be marking time at least through […]

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Oct

19

Selling sizable long positions, going short, and buying gold

October 19, 2007 | 6 Comments

Today’s market is just plain ugly, and I am beginning to have serious worries about the economy flipping into a recession. In fact, the more I listen to companies guidance (CAT, UNP, etc). In fact, I am willing to bet that the U.S. is already slipping into recession, but we have yet to actually see it in the numbers. The way that both the stock and bond market have acted in the last few sessions is telling […]

Continue Reading Selling sizable long positions, going short, and buying gold