Smart Money warned me early-- on Apr 30,2010-- that a trail to a murdering in a batch marketplace was to be brief European emperor debt-- Greece, Spain, Portugal, France and Italy-- and brief the bank shares of those nations as well.  ("Smart Money Is Short Debt Of Greece, Spain, Portugal And Japan.")
Just a year ago, on Dec. 15, 2010, -- and explained that emperor credit ratings would be lowered( they were) that bank loans would remove value, violence adult bank benefit and share prices.
Indeed-- if we had left brief dual French banks, Societe Generale and Credit Agricole-- we would have made earnings of 67%. Look it up.
, a heading British bank, has mislaid 50% of a value, while hulk DeutschBank has depressed from $60 a share to $36-- roughly 50%.
And -- a year ago -- we also endorsed going prolonged bullion during $1350 an unit (it's $1685 today) and brief a Euro (its down over 10% given a year ago). Not too unfair if we had a never to follow me, who was stating on a prophesy of Smart Money. By itself, during 2011, we done over 25% on your bullion position. In box we didn't know, a large batch index-- a S&P 500 is FLAT.
On gold, it's loyal we have been recommending it given June, 2008, when n mining entrepreneur, Frank Giustra, of Vancouver, explained that bullion would continue to benefit as a financial haven as a dollar continued to tumble out of favor. See my mainstay Forbes, Dec. 5, 2011.
So, on Feb 12, 2011-- when large Chinese bullion shopping and a outrageous boost in bullion imports helped pull bullion adult from $1350 an unit to $1580 today-- a benefit of tighten to 17% even after the improvement this tumble from a rise of $1920.
Yesterday, in fact, my favorite day merchant went prolonged NUGT, an ETF that invests in gold mining shares in Canada, t he US, South Africa and Peru-- and offers precedence equal to 3 times a underlying value of a bullion mining share index. Now, this is a Fast Money approach to play bullion that Smart Money-- being prolonged bullion in one form or another, would many expected shirk. Fast Money is a gun slinger and is risking a precedence on drift a mining shares have been lagging a price of gold bullion. But, other readers of my blog on bullion yesterday sent me a clarion call that NOW was a best shopping event in bullion for a prolonged time-- and one of them even went so distant as to envision a $5000 price. The bullion burble is alive and well, somewhere.
I also endorsed going prolonged Treasuries of a 10 year and 20 year maturities, notwithstanding fears among many including PIMCO-- that yields were going adult and holds were going down.
On Mar 10, 2011 we reported that PIMCO had sole a Treasuries to a Chinese during a produce of 3.53% on a 10 year bond. That produce has depressed to 2.00% or a benefit of 153 basement points--Â a collateral lapse of over 40%. Did we ever dream we could make 40% on 10 year Treasuries? NO, we didn't. But we could have, IF ONLY we had followed a insights of Robert Smith of Smith Capital-- who has kept me bullish on Treasuries this whole time.
As a produce on long-term Treasuries fell from about 4.00% to 3.20% progressing this year, there was a 20% benefit built in to this play.
Long Treasuries, Long gold, Short European banks; those were your best plays for 2011. I'm flattering certain these 3 bets will work in 2012 as well. But, we missed a hulk killing.
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News referensi http://news.yahoo.com/told-smart-money-made-killing-2011-rest-180449675.html
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