Gold and its seemingly never-ending run to new heights got another boost on Monday with Goldman Sachs (NYSE: GS) saying the yellow metal could be trading as high as $1,650 an ounce in a year.
35 trades for the week and only 4 in the red is a nice, relaxing week anyway and not bad at all considering all the chop. Of course we still have our disaster hedges so we are generally bearish and it does surprise me how few bullish plays I liked this week - there’s simply so little that seems reasonable to me at these levels.
After reading a lot of blog posts, tweets on twitter, Facebook comments, and emails, I decided it was time to figure out the real decay behind the leveraged ETF's, both long and short. As I wrote about this in one of my previous blog posts, I wanted to revisit this issue of the double and triple leveraged ETF's, and why investor's should stay away from them, and to clear up some confusion.
As promised in my last two posts, Alternate Short Strategy: Purchasing Put Protection for Less, and Alternate Short Strategy: Purchasing Put Protection for Less Part 2 I will be continuing my list of alternate ways to hedge your portfolio without shorting the stock.
