Our covered call play (CROX) is slightly negative. We bought 500 shares of CROX and sold 5 September $12.50 calls. This is called a “covered call” because we own the stock we are writing the calls against. A “call” gives the purchaser the right, but not the obligation, to buy our CROX shares anytime [...]
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Yesterday the price of FVI hit our $2.19 sell stop and was sold at $2.17 for $650 loss. This is really a shame because FVI.TO is going to be a huge winner, but we use stops for a reason. Look at CXZ. It hit $.81 today. We were stopped out at $1.40 and saved ourselves [...]
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Back in mid-January I wrote about Crosshair Exploration & Mining Corp (see Using Trend Channels to Time Trades and Crosshair Begins Winter Drill Campaign). We bought it and, following the rules we defined when we set up this site, we entered a sell stop. When the market turned against us, we were stopped out at [...]
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What Will Take the Gold Price Higher?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - GoldForecaster.com
– Posted Friday, 7 March 2008
www.GoldForecaster.com
Gold and silver prices are making new ground every day and are consolidating, seemingly in preparation for an attack on $1,000. Thereafter, who will buy gold and pay over $1,000? It seems a [...]
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The pattern for the last several months has been for the big traders to slam gold down on Fridays. It happened again yesterday and, unfortunately, the new $31.89 sell stop I entered for HGU.TO Thursday was activated and we were sold out at $31.88 for a $751.00 gain after commissions (and, remember, we use $25.00 [...]
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The trailing stop we entered for MagSilver (MVG) was triggered yesterday, but I didn’t have time to write a post. We were sold out at $15.27 for a $1,395 profit after commissions. See the updated portfolio tab for the results.
Another one of our picks, HGU.TO (a leveraged gold ETF) bought at $27.43, has also done [...]
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Although the price of gold has been on a tear recently (with short, but violent, corrections along the way), gold stocks have lagged the price of gold.
This long-term weekly chart shows that every time the XAU gold index, when compared to the continuous gold contract, reaches a ratio of .19, the price of gold stocks [...]
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The general stock market is in the toilet. We are in recession (no matter what our beloved government officials say) and the housing and credit markets are getting worse. So what do we invest in? Well, in almost any situation of great uncertainty people frequently flee to gold and gold stocks. Let’s see what gold [...]
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[Erv's note: This is a guest post from my friend, Hank.
Click here to see this chart full-sized and keep it open as you read the commentary (by the way, the bottom of the chart says "sometimes by ~50% in 4 to 8 weeks". That is not a minus 50%, but is the squiggly "tilde" symbol [...]
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