Time for the first quarter stock picking contest update. As usual, I’m in last place. Yay me! I shorted gold, which I know will be a brilliant pick eventually – I just don’t know when.
My specific pick was to short the gold ETF CGL.
What is CGL you ask? It is the Claymore Gold Bullion ETF which trades on the TSX. What does it invest in? Gold – literally. The ETF currently own 14 pounds of the stuff, so it really is a direct play on gold. By shorting it, I will be sending a message to all those crazy gold bugs, that their fun and games are about to end.
|Rank||Site||YTD Return (%)|
|1||The Financial Blogger||12.41|
|2||Million Dollar Journey||12.16|
|3||My Traders Journal||11.77|
|4||Where Does All My Money Go||5.13|
|5||Beating The Index||3.08|
|7||Dividend Growth Investor||1.43|
|8||The Wild Investor||0.28|