GLD Contango Strategy, or Not?

A reader asked me to comment on A GLD contango strategy by Izabella Kaminska. It talks about Paulson & Co earning a return on its $3.4bn woth of GLD shares.

Holding GLD, meanwhile, is cheaper and more cost efficient than buying bullion outright.

I would note that most gold ETFs have management fees around . . . → Read More: GLD Contango Strategy, or Not?

Economic Events on July 15, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 445,000 new jobless claims last week, which would would be a slight improvement from last week, and would be the lowest number of claims since early May.

Also at 8:30 AM EDT, the Producer . . . → Read More: Economic Events on July 15, 2010