Real Money Commodities
Spyder Gold ETF Symbol: GLD
http://www.spdrgoldshares.com/s ites/us/value/
Silver Standard Resources Symbol: SSRI
http://www.reuters.com/finance/stocks/overview?symbol=SSRI.W&rpc=66
or we often use Silver (SLV)
Canadian Exchange Fund Symbol: CEF
Rationale: All three ETFS/funds invest in core commodities and are excellent barometers for the price of Gold or Silver. We trade both options and long trades on Gold and Silver.
CEF invests in actual gold and silver bullion and is a very underpriced, not yet known, core way to invest in Gold and Silver.
We believe the world should be, and will be again, on the Gold Standard.
AngloGold Ashanti Ltd Symbol: AU
The world’s largest gold mining company, value priced as of 10/1/09
Rationale: Gold is the strongest asset in the world, and more nations are beginning to hoard, and to value our actual debt to the Gold Standard the value of gold should be between $6200 and $7333.00 per oz.
Guidance:
Purchase Price Symbol Avg. Cost Status
55.12 GLD 55.12 2/3 of position sold at up to 60^ % profits by 10/1/09. Hold 1/3 of existing buy position taken 3/17/07 and on.
40.00 AU 40.00 Began buying 11/09
7.40 CEF 7.40 Began buying 11/08
CEF is still recommended as a superb hedge in ACTUAL gold and silver bullion, backed by the Canadian dollar. It’s a sleeper fund that holds gold and silver.
11.50 SLV 11.50 Began buying 9/08
SLV is a core commodity that is less expensive than Gold, and will share in the precious metal boom.
13.00 SSRI 13.00 Began buying 3/09
SSRI shows more stability yet volatility than SLV for playing options and is easier to track.
AU we consider a superb mining play on Gold that is undervalued and we began buying 11/09.
CEF we consider a slower, but better long-term investment vehicle for Gold and Silver than any other.
We believe Gold commodities can reach $3000 per oz.
