do you ever hedge your gld position with puts or do you just use mental stops? Also, you talked about oil recently, do you think the uso is good vehicle to capture the upside–or does the contango effect like with ung make it not a useful etf to use?
I don’t hedge often. I almost never buy protection. If i’m scared of something happening, I just don’t bother putting the position on, or I buy calls. USO is good for capturing quick moves. However, over time, the contango will kill the value of this ETF. Why bother? Just use futures.
I recently read through your posts. It seems you have been a resource investor for the past few years. I noticed that in some of your posts you are continuing to bring up “green” or “sustainable” comments. I would certainly like your take on the sustainable development space.
I view myself as an environmentalist. Everyone has to be environmentally minded. It is the way of the future. I don’t know which companies are in the ‘sustainable development space.’ I really haven’t put much energy into looking at ethanol or solar or anything else like that. I just don’t feel that I have much of an edge at this point. If anything, i’ve looked a bit at Cobalt and Galium as they seem to be very important in a lot of these future technologies and there are real bottlenecks to getting more production. However, I haven’t really pulled the trigger in any way.