Now Everyone Is Hot To Trot On Gold

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September 23, 2008

Note: This was supposed to be posted late last night….

When I said, “I also like GLD here and may be picking some up. Fuck it, forget the GLD and go for the double gold ETN DGP.,” I wasn’t kidding. DGP is up 31% since that comment.

Now Cramer mentioned Gold tonight as a reco to all his minions. He’s following me on everything now.

I purchased EXM and CALM today as synthetic ways to play a re-inflationary commodity trade. Plus they are DAMN CHEAP. Drybulk didn’t go out of style like those green plastic visors with lights across the rim did in the 80′s. Drybulk is levered to Asia and India and those countries love their bulk. CALM is the egg play. Again, cheap stock with growth prospects + the ability to trend.

I’m looking at a YUM short tomorrow via puts.

—–

Bought: ACI @ 43.13


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  • http://www.stockrake.com StockRake

    Stopping myself out of ACI with a loss of over 3%. I bought it early..waiting till eod if my signal kicks in, which was on when ACI popped in early trading. Rookie mistake. I also went short the market HEAVY because I got the gap up I talked about here yesterday.

  • http://www.stockrake.com StockRake

    Stopping myself out of ACI with a loss of over 3%. I bought it early..waiting till eod if my signal kicks in, which was on when ACI popped in early trading. Rookie mistake. I also went short the market HEAVY because I got the gap up I talked about here yesterday.