SUBSCRIBER ALERT
12/13/11
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.
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