Tuesday, December 30, 2014

Bullish Gold

"Fort Knox? Ha, it's for tourists."
--Simon Gruber (Die Hard: With a Vengeance)

Bullish on gold and silver here. Professional and retail investors have been throwing in the towel. Closed end funds like GTU, CEF continue to trade at 8-10% discounts to NAV.


Meanwhile, technicals across the metals space tracing reverse head and shoulders patterns.

Suspect we'll look back on this period in amazement at what Mr Market was offering.

positions in GTU, CEF

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