Ok, I’m doing the big stock picking contest again. In 2010, I finished dead last with a -35% return, so hopefully this year will be a bit better.
I want to do the same bet as I did last year – bet against gold. I’m so certain that gold will finally crash this year, I’m not even going to pick four different stocks – this year I’m just going 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.
Here are the other bloggers participating in the competition in 2011. Welcome to Mich from BeatingTheIndex.com who is a new contestant this year.
|Rank||Site||YTD Return (%)|
|1||The Wild Investor||0.00|
|2||Where Does All My Money Go||0.00|
|3||Dividend Growth Investor||0.00|
|4||Beating The Index||0.00|
|5||My Traders Journal||0.00|
|6||Million Dollar Journey||0.00|
|8||The Financial Blogger||0.00|