PORTFOLIO CHANGES FOR SEPTEMBER 26TH

Posted By admin on Sep 26, 2011 | 0 comments

Took profits on another 25% of gold short DZZ at roughly 5.30. The DZZ trade was initiated on 8-31. The remaining 50% of the trade will remain in the portfolio for the intermediate term as I believe gold is headed towards 1300.

Bought more FAS at the close at roughly 11.65. FAS is now a mid-sized position. Initiated this position on Friday. Reasoning is here.

The portfolio currently consists of a long 20-30 treasury yield position (TMV), a short gold position (DZZ) and a long financials position (FAS).