Congrats to Pharmboy for nailing the timing on Monday’s Cephalon (CEPH) post, where the trade idea was the Jan $50/55 bull call spread for $3.50, offset by the sale of the $50 puts for $2.70 for net .80 on the $5 spread.

During the first nine years of this gold bull market, gold prices moved with a near perfect inverse relationship to the US dollar. Indeed, in the early years gold was only really moving up against the greenback, it was only after a few years that it began to appreciate against all currencies.

Warren Buffett’s letter to shareholders gives us a great view of the overall economy from a man who has his finger in every pot and his letter to investors gives us a very good insight as to how things are going in the various sectors his operations cover. Most importantly, what I have learned in my own 40 years or reading Mr.

Two percent!