Tuesday, December 13, 2011

Subscriber Alert-Trimming GLD position


GLD is weakening, trading below the initial support level.. Our Portfolios are reducing their holding by one third.

To be clear, I continue to believe in the long term inflation story; so this may be nothing more than a short term trading move. However right now Mr. Market is does not like GLD and I don’t want to stand in the way, given the large size of our Portfolios’ positions.