Thursday, August 18, 2011

Final Step In Today's Portfolio Rebalancing Act...


Sold GEN @ market, which for me was $2.922, then bought North American Palladium (PAL) in almost the same breath @ $3.56.

PAL is a long time favourite of my friend Tim. When he told me he thought gold would reach $2000 (or was it $2500), I was in sheer disbelief. But now, I'm starting to look back at his insight whilst nodding my head.

So, giving my friend, Tim, some market support here...

P.S. GEN was sold @ an unfortunate loss, but this offsets my portfolio's semi-correlation with Professor Paulson's portfolio...


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