Pedge Fund USD
December performance: +8% (gross, approx)
Year to Date performance: +8% (gross, approx)
- Gains thanks to the precious metals (long gold and silver)
- Nice gains on Northgate Minerals, bought at $0.56 on the 5th of December, and worth $0.83 on the close of 31st December 2008 (gain of 48% within a month) and $1.23 on the 31st of Jan (another gain of about 46%) though it's a small holding in the portfolio.
- BIG losses short USD
- BIG gains on short treasuries
- Losses on short USD are almost equal to gains on the short treasuries