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Bought 15 units of SLV

January 13th, 2012

I bought 15 units* of SLV — iShares Silver Trust (ETF) at 29.02 per share. I want to be long silver and gold this year, and this is my first step in that direction.

*Units: Units are not equal to number of shares. I won’t be disclosing real dollar amounts or number of shares. I’ve chosen a random number to represent 1 unit and I’ll record all of my transactions converted to this measure and rounded to the nearest whole number. This will allow me to share position weighting without disclosing specifics.

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