Messing with the portfolio–bought UGL (gold) SPXU (short S&P)

Posted on Apr 30, 2010 by WHC Bassetti in Letters

Examining a large group of ETFs and broken trendlines in the indices we decided to go into the weekend moderately hedged.  So we bought the short S&P SPXU and added on to our gold position with a leveraged gold ETF, UGL.

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