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: silvertoad who wrote (109818)	7/6/2011 2:46:51 PM
From: jmiller099	of 110194

They're still better than 1x... 02/26/2010 DGP @ $27.28 RTQ right now: $48.4368 which is a gain of 77.23% Gold was about 1100 that day. 77% higher is $1947. Gold is now about $1530. Conclusion: It performs much closer to 2x than 1x over time. Risk: It is a paper holding and probably subject ot the first rounds of scrutiny of the admin's bias against gold. Further, I am unclear on how the new talk about limiting paper gold trading impacts their strategy to maintain a 2x gold exposure.

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