In this mornings mail bag we have this missive from the team at gotgoldreport which we hope that you find both interesting and informative.
Sage advice and commentary from one of the best in the business in this condensed version of a previously posted interview. Rick Rule calls them as he sees them, every time.
On the topic of Berkshire Hathaway maven Warren Buffet’s pronouncement that President Barack Obama is “not anti-business,” Rule opines: “There is a strong drift in American politics toward fascism and I think Obama and Buffet are fascists. The idea that a company should not be allowed to fail I think is anathematic to a market. Failure is what is required in a market to purge the market of moral risk. So when you ask me if Obama is anti-business it depends on how you define business. If you define business as maintaining brain dead parastatal fascist structures like JP Morgan Chase or General Motors then no, he’s certainly not anti-business – but I do think he and Buffet are anti-market. I’m pro-market. I think the thing that made the United States as great as it was for many years there was a reliance on markets and a sense that it was okay for people to succeed and it was okay for people to fail too. And it was that interplay that kept the playing field real.”
Rule has a knack for distilling thoughts into memorable sound bites. “One of the roles that gold has performed for 3,000 years is catastrophe insurance,” says our friend Mr. Rule, and “Having a little catastrophe insurance in your back pocket is a good thing.”
To view this video in please click here.
Have a good one!
Regarding www.skoptionstrading.com. Recently we closed another profitable trade, a play that was a tad more sophisticated then our usual trading methodology as it was predicated on the reduction of volatility. Although the profit was small, 6.46%, we had allocated 15% of our funds to this trade which was three times higher than our more normal 5% allocation. The statistics and charts have now been updated.
Our trading success rate is 91.00%
92 profitable trades out of 101.
Our model portfolio is up 459.99% since inception
An annualized return of 76.75%
An average return of 35.10% per trade
Our annual performance figures are as follows:
2009 We made a profit of 23.89%
2010 We made a profit of 158.66%
2011 We made a profit of 40.95%
In 2011 we outperformed:
S&P by 42%
HUI by 53%
Gold by 31%
Silver by 41%
The 2011 Annual Report by be accessed via this link.
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