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	<title>The Enlightened American &#187; gold</title>
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	<link>http://enlightened-american.com</link>
	<description>One person's quest to make sense of a senseless American economy and society.</description>
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		<title>YTD Portfolio Results &amp; Market Commentary</title>
		<link>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary</link>
		<comments>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary#comments</comments>
		<pubDate>Tue, 02 Aug 2011 04:59:35 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[CEF]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[EWS]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[MFN]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=827</guid>
		<description><![CDATA[THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +7.2% through August 1st, 2011 (my actual IRR, including cash balance) DJIA: +4.8% Nasdaq: +3.5% S&#38;P 500: +2.3% DJ Wilshire 5000: +2.2% Russell 2000 (smallcap): +1.2% I must admit some pleasure at walking away from the portfolio for a month only to return to YTD results showing us outperforming [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is Gold Roller-Coaster A Safe Ride?</title>
		<link>http://enlightened-american.com/2011/04/14/is-gold-roller-coaster-a-safe-ride</link>
		<comments>http://enlightened-american.com/2011/04/14/is-gold-roller-coaster-a-safe-ride#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:30:20 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[MFN]]></category>
		<category><![CDATA[options]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=781</guid>
		<description><![CDATA[Last week, I closed my Yamana Gold (AUY) April 2011 $13 covered call position at $0.22 per contract with the stock trading at $12.80, near its strike price. By week&#8217;s end, AUY traded up to $13.30, justifying the trade for the time being. I initially opened this position at $0.47 late last year so a [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2011/04/14/is-gold-roller-coaster-a-safe-ride/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gold The Antidote To Delusions Of Market Stability</title>
		<link>http://enlightened-american.com/2010/05/11/gold-the-antidote-to-delusions-of-market-stability</link>
		<comments>http://enlightened-american.com/2010/05/11/gold-the-antidote-to-delusions-of-market-stability#comments</comments>
		<pubDate>Tue, 11 May 2010 23:33:07 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[MFN]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=686</guid>
		<description><![CDATA[Last week’s action reinforces my analogy of the financial markets being more akin to car-driving than roller-coasters. Most people drive recklessly far more often than they should but get away with it most of the time. With the market, an unrelenting stream of up days fostered an illusion of stability. It becomes clearer that these [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/05/11/gold-the-antidote-to-delusions-of-market-stability/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market Themes Beginning To Emerge</title>
		<link>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge</link>
		<comments>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge#comments</comments>
		<pubDate>Fri, 09 Apr 2010 07:29:33 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[oil]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=670</guid>
		<description><![CDATA[Following on last post&#8217;s observation of the implications of an economic recovery taking hold, I present readers with a trio of intriguing stories from the Wall Street Journal. First, EOG Resources (EOG) announced a change in focus as it seeks to apply new horizontal drilling techniques to search for oil. Despite the company&#8217;s assertion that [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/04/08/market-themes-beginning-to-emerge/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>John Paulson &amp; Martin Whitman Q4 2009 Portfolio Tracking</title>
		<link>http://enlightened-american.com/2010/02/18/john-paulson-martin-whitman-q4-2009-portfolio-tracking</link>
		<comments>http://enlightened-american.com/2010/02/18/john-paulson-martin-whitman-q4-2009-portfolio-tracking#comments</comments>
		<pubDate>Thu, 18 Feb 2010 17:50:55 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Pro's Picks]]></category>
		<category><![CDATA[AU]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[CMCSA]]></category>
		<category><![CDATA[CVE]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[GFI]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[gold miners]]></category>
		<category><![CDATA[John Paulson]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[KEY]]></category>
		<category><![CDATA[kgc]]></category>
		<category><![CDATA[martin whitman]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=635</guid>
		<description><![CDATA[Scanning the 13F-HR SEC filing of Paulson and Co. suggests John Paulson employs an active trading strategy. Readers can best view Paulson&#8217;s moves in spreadsheet format but some broader themes do emerge: Similar to some of the other money managers already profiled (Berkowitz, Klarman), Paulson is bullish in the financial sector, as evidenced by sizable [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/02/18/john-paulson-martin-whitman-q4-2009-portfolio-tracking/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Portfolio -2.3% YTD Through January</title>
		<link>http://enlightened-american.com/2010/02/01/portfolio-2-3-ytd-through-february</link>
		<comments>http://enlightened-american.com/2010/02/01/portfolio-2-3-ytd-through-february#comments</comments>
		<pubDate>Mon, 01 Feb 2010 18:35:44 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[enlightened-american portfolio]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[MAXX]]></category>
		<category><![CDATA[MFN]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[uri]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=613</guid>
		<description><![CDATA[THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: -2.3% through Jan, 2010 (my actual IRR, including cash balance) DJIA: -3.5% Nasdaq: -5.4% S&#38;P 500: -3.7% DJ Wilshire 5000: -3.5% Russell 2000 (smallcap): -5.1% Our portfolio outpaced all major indices thus far out of the gate in 2010. As always, this outperformance can not be attributed to any [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/02/01/portfolio-2-3-ytd-through-february/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Journal Targets Gold</title>
		<link>http://enlightened-american.com/2009/09/10/the-journal-targets-gold</link>
		<comments>http://enlightened-american.com/2009/09/10/the-journal-targets-gold#comments</comments>
		<pubDate>Thu, 10 Sep 2009 18:31:19 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[gold]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=410</guid>
		<description><![CDATA[Today&#8217;s Wall Street Journal has no less than three articles spotlighting gold&#8217;s brief ascent to the $1,000 level. More accurately, the three articles explicitly and implicitly suggest investors stay away from the yellow metal: Taking Down the Golden Barrickades [$] Gold Loses Barrick Benefit &#8212; After a Buying Spree, Firm Ends Its Hedging Program [$] Technically [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/09/10/the-journal-targets-gold/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portfolio +23.7% Through August 2009</title>
		<link>http://enlightened-american.com/2009/09/01/portfolio-237-through-august-2009</link>
		<comments>http://enlightened-american.com/2009/09/01/portfolio-237-through-august-2009#comments</comments>
		<pubDate>Tue, 01 Sep 2009 23:35:58 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BAM]]></category>
		<category><![CDATA[BPO]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[CRE]]></category>
		<category><![CDATA[enlightened-american portfolio]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[market outlook]]></category>
		<category><![CDATA[natural gas]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=399</guid>
		<description><![CDATA[View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through August 31, 2009. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +23.7% YTD (my actual IRR, which lags the equal-weighted returns) DJIA: +8.2% Nasdaq: +27.4% S&#38;P 500: +13.0% DJ WIlshire 5000: +15.4% Russell 2000 (smallcap): +14.5% [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/09/01/portfolio-237-through-august-2009/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Gold Unloved Even Among Some Bulls</title>
		<link>http://enlightened-american.com/2009/02/03/gold-unloved-even-among-some-bulls</link>
		<comments>http://enlightened-american.com/2009/02/03/gold-unloved-even-among-some-bulls#comments</comments>
		<pubDate>Wed, 04 Feb 2009 02:49:52 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Pundits]]></category>
		<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Marc Faber]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=300</guid>
		<description><![CDATA[Today&#8217;s Financial Times features an amusing John Dizard piece which captures much of my sentiment on gold, a sentiment that can be summed up as intensely pragmatic and completely unimpressed with any supposed intrinsic value the metal may contain. After poking a little at gold bugs, Dizard makes the immensely sensible recommendation to hold off [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/02/03/gold-unloved-even-among-some-bulls/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Portfolio Up +2.5% YTD 2009 and the View Ahead</title>
		<link>http://enlightened-american.com/2009/02/01/portfolio-up-25-ytd-2009-and-the-view-ahead</link>
		<comments>http://enlightened-american.com/2009/02/01/portfolio-up-25-ytd-2009-and-the-view-ahead#comments</comments>
		<pubDate>Mon, 02 Feb 2009 03:08:03 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[AMAT]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[INTC]]></category>
		<category><![CDATA[NTE]]></category>
		<category><![CDATA[TIPS]]></category>
		<category><![CDATA[treasury-inflation protected securities]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=299</guid>
		<description><![CDATA[Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +2.5% YTD (including dividends) DJIA: -8.8% Nasdaq: -6.4% S&#38;P 500: -8.6% DJ WIlshire 5000: -8.3% Russell 2000 (smallcap): -11.2% For the first time since I started [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/02/01/portfolio-up-25-ytd-2009-and-the-view-ahead/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
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