Pruning for the downwave…

Posted on Jul 02, 2009 by in Letters

We sold AIG, scaled out of FRE and FNM.  Profits ranged from 5 to 30%.  Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant.  We are still long platinum with about 25 or 30% paper profits.  We're glad to be out of gold and silver.  But we'll be back in.  Stay tuned.

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