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Someone Poked Gold With a Stick
Posted: Fri Jun 01, 2012 9:32 am
by MediumTex
Up 3.5% today.
TLT is also up another 1.5% today.
Nice.
This has been an interesting week for the PP.
Re: Someone Poked Gold With a Stick
Posted: Fri Jun 01, 2012 9:34 am
by moda0306
I was waiting for 1,500 for a rebalance... eff.
Re: Someone Poked Gold With a Stick
Posted: Fri Jun 01, 2012 9:59 am
by Gosso
(Note: I didn't see this thread before I started a new one, so I'm deleting my other thread and posting the comments here)
Looks like everyone had the same idea I did: Use the money from maturing STT to buy gold.
Unfortunately I was too slow. FRAC! :'(
I wonder if June 1 and Dec 1 typically see big moves in financial assets, due to the maturing STT and the resulting cash burning a hole in the collective pockets?