I am back !!!!!!!!!!!!! 2011 in review and looking ahead

Happy New Year to all!
We closed out the year up 6.32%. It was a extremely volatile year in which hedges paid off very well.
The best performers for the year in our portfolio were
Long

Dejour Energy up 45%
And that is it. That was the only non trading position that I made money on the long side.

Fortunately we were never net long at any point in the year.
Best Shorts
X -US steel down 56% from Entry
AMZN- Amazon down 22% from Entry
We also made money with Gold and Silver Shorts.

Almost 16% of total return came from selling calls and puts against our longs and shorts respectively.



Best ideas for 2012

1) Long CAD versus AUD.
As Australian Housing goes into terminal implosion along with China landing on its Derriere, we see oil and the Canadian economy outperforming base metals and the Australian economy.

2) Short Nucor (Steel is dying), Starbux , Macy's and Amazon (continues from 2011).

3) Long Several Oil producers/Short Oil.

4) Bullish on Gold in Yen terms after first quarter of 2012.

Select way out of the money Calls and Puts on some stocks/ETFs.

Year End Target for S and P - 600-800