Today the market was extremely turbulent - stocks were down, while metals skyrocketed.  Last month I made a seemingly risky purchase of DGP - a Gold price based derivative.  The goal of this ETN is to double the daily movement of gold.  Up until today, DGP had been a drag on my already struggling llamafolio.  However, today’s amazing gold performance translated into a whopping 24% jump for DGP.  While I still feel that gold is headed northward, I took this opportunity to get out of DGP.  I sold my DGP shares for $19.23.  That’s a $0.11 gain per share, if you’re keeping track. 

After a stellar performance like that, I’d be Gold will give up a bit of its gains tomorrow.  If that pans out, this move will look smart.  However, if Gold duplicates today’s performance, it will look awfully crummy.  No worries though, I didn’t lose a dime on the trade. 

What to do with the cash?

Invest, of course!  I used the proceeds from the DGP sale to purchase 16 more shares of TELOZ - an oil trust - at $16.07 per share.  I think oil is greatly underpriced right now ( drastically, even ), and is TELOZ poised for some killer earnings.  Trading gold for oil - who would’ve thought?

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