Saturday, November 12, 2011

Quick, short update

I continue to remain optimistic. Signs of recovery are all over the place. If Europe weren't dominating the headlines the outlook for the stock market would be pretty good. The problem is every time there is news out of Europe the market surges up or down depending on how the news is interpreted. In any event I'll post progress on the bets I have placed. The DDM fund is doing nicely. The Gold fund is doing nicely. I may have been premature in betting against the bond market as it has turned on me and headed south. Still, I'm confident the bond prices will collapse at some point as inflation kicks in, which it will soon. Here is the chart of my three bets. The total portfolio is up 6.35% since late October. 

Symbol/Name Price* Change Last
Trade
Gain/Loss
(USD)
Shares Price
Paid
Purchase
Date
Gain/Loss
(USD)
% Change % Port Value
(USD)
DDM:US ($)
ProShares Ultra Dow30
59.39 +2.46 11/11
+246.00
100 53.78 10/20/2011
+561.00
+10.43 32.15
5,939.00
TBT:US ($)
ProShares UltraShort 20+ Year Treasury
20.41 +0.25 11/11
+25.00
100 22.91 10/27/2011
-250.00
-10.91 11.05
2,041.00
UGL:US ($)
ProShares Ultra Gold
104.90 +3.37 11/11
+337.00
100 96.99 10/26/2011
+791.00
+8.16 56.79
10,490.00
Totals
+608.00
 
+1,102.00
+6.35  
18,470.00

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