Time once again to update the big stock picking contest. The great news is that I’m not in last place!
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 and only invests in gold.
Check out my Canadian discount brokerage comparison to compare all the fees and services of Canadian discount brokerages.
Want to learn the mechanics of buying a stock or ETF? Read How to buy an etf or stock using a Canadian discount brokerage.
|Rank||Site||YTD Return (%)|
|2||Dividend Growth Investor||8.9|
|3||My Traders Journal||8.7|
|4||Million Dollar Journey||8.1|
|5||Where Does All My Money Go||-1.01|
|6||The Financial Blogger||-3.7|
|7||Money Smarts Blog||-5.7|
|8||The Wild Investor||-7.7|
|9||Beating The Index||-12.0|
5 replies on “2011 Top Stock Pick Contest – 2nd Quarter Standings”
I think the short gold ETF bet will pay off in about 3 years, but not right now. With all the uncertainty out there people will continue to hold gold as a safe haven.
Just curious, Mike, how come some of the names are crossed off?
I bought a small position in the Horizons Beta Pro Gold Bear (HGT) around a week or so ago, as I’m bearish in the short-run with gold. I’m up by around $64 as of today.
Out of curiosity, how did you do a short position on CGL? If you’re buying a position in the CGL ETF in Cdn currency, wouldn’t a position in this be hopeful and anticipating for gold prices to go up and $US to stay weak?
@Wealthy Canadian – The positions in the contest aren’t real.
Sorry, my bad…I find the contest interesting nevertheless