SKF: Increased Our Position
Print This Post
| Topic: Other — March 25th, 2008
Myambutol For Sale
Zyrtec No Prescription
Buy Retin-a No Prescription
Buy Online Lasuna
Buy Soma Online
Inderal For Sale
Plan B No Prescription
Buy Proventil No Prescription
Buy Prozac Online
Buy Online Brahmi
Eurax For Sale
Lasix No Prescription
Buy Pamelor No Prescription
Buy Online Seroquel
Buy Viramune Online
Vasodilan No Prescription
Tricor For Sale
Buy Online Stretchnil
Buy Hoodia No Prescription
Buy Cystone Online
Requip For Sale
Atacand No Prescription
Buy Prinivil No Prescription
Buy Lexapro Online
Buy Online Fosamax
Related Articles
High River Gold: Increased Our Position
SKF: Closed Our Position
Kinross Gold Corp: Add to Holdings
Yamana Gold Incorporated: Improving Reserves
Reasons to invest in Gold
We recently bought a position the inverse ETF called Ultra Short Financials ProShares, (AMEX:SKF) in a “Bet Against The Banks”. SKF is designed to rise 20% when the Dow Jones US Financials Index falls 10%.
This is a volatile security and has recently endured a significant pullback and, as we are still bearish on the financial sector, in our opinion this is a great time to buy. We are taking advantage of this and have more than doubled our position in SKF at an average price of $103.95. This is just a quick note to let our readers know our position, a more comprehensive write up of the situation will be coming shortly.
|
|
Related Articles
High River Gold: Increased Our Position
SKF: Closed Our Position
Kinross Gold Corp: Add to Holdings
Yamana Gold Incorporated: Improving Reserves
Reasons to invest in Gold


![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/images/quotes_4b2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)

Only reason I think of is DIVERSIFICATION. Am I right?
Comment by e pinnacle — March 30, 2008 @ 4:21 am
e pinnacle,
Diversification was not a major factor in deciding to take this short position on the US financial sector, the main motivation was to make a profit, as it is with any investment for us. We do not buy stocks for diversification, we select specific sectors which we think will be the best performing area of the market at that time.
The chart you have presented quite rightly shows gold outperforming SKF over the past year and that is why we have been invested in gold and the precious metals and gave multiple BUY signals on gold and silver stocks over the summer. We have only recently begun to build this short position on US financials and currently both our BUY signals are showing an average profit of around 10%, which we consider a good return considering we have held the position for little over a month.
Even though we have gone short on the financials this doesn’t mean we are any less bullish on the precious metals.
Comment by Gold Prices — March 30, 2008 @ 4:37 am
Of course, Bob, we invest to make a profit. I didn’t spell it out because it is a given. Thanks for the response.
ep
Comment by e pinnacle — March 30, 2008 @ 4:48 am