The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (59139)	4/22/2006 5:31:20 PM
From: Tommaso	Read Replies (1) of 110194

That's hard to believe--but true. More than 18% premium for CEF. That might in itself signal a temporary mania that has got gold ahead of itself. Since Waterhouse wouldn't short it for me, I put the money into another little uranium stock, Pitchstone Exploration (PXP.V). That's a huge arbitrage opportunity for someone: short CEF and go long GLD. Of course, these "perfect" plays have a way of screwing up, which may in fact have happened to anyone who did that and got squeezed in both directions on Thursday. Not for the faint-hearted or those with thin wallets.

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