Jesse's Café Américain

“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny

Showing posts with label slippage. Show all posts
Showing posts with label slippage. Show all posts
23 September 2018

Comparing a Few Popular Gold Plays This Year, the Past Two Years, and in the 2016 Gold Rally

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Comparing GLD and PHYS, we see that their performance is fairly close to the performance of gold itself. In the decline of this year th...
12 December 2008

If You Use Levered ETFs Read This

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Thanks to Paul Kedrosky for a clear and useful analysis. Levered ETFs, with the various targeted multipliers, reset their basis at the end o...
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