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KGC has long been something of a heart breaker. It hit its peak at $27 back in March 2008, when gold first hit $1000. Lately any time KGC reaches about $20 it gets whacked down into the $16 - $17 range a little later, regardless of the gold price. So I guess somebody is betting that history...

I'd rather be a rich jerk than rational and bankrupt.

Well, gold just made a new high today. It looks like it's going to close solidly above 1300 (not just touch it and retreat). I wish there was a way to short government programs (payoff comes if they fail to achieve their stated goals). Think of the money I could have made shorting No Child...

spindr0 is right. Many brokers charge lower commissions than TDA. And make sure you're signed up for whatever sort of option trading you want to do, don't make a trade you agreed not to do and then complain when you're forced to exit it.

Don't you realize that bombing Iran is also part of the plot to improve America's economy through unending war?

It was your corporate masters who made the decision, with the full cooperation of their two wholly owned subsidiaries -- the Republican and Democratic parties. (Are some of you dumb enough to think there's any difference between the two parties? Clinton was as eager as any Republican to send...

Perhaps you think you can run a three minute mile. Too bad. You still can't. I'm all in favor of people testing their limits, both physically and mentally, but if you don't think you have limits, you haven't tried anything very hard.

There are stocks I short but I won't short gold for as long as we have politicians.

I'm glad for your sake that you've been able to lower your tax liability, but ultimately the government will not be able to raise taxes enough to pay for all it owes. So it will print the money, and the inflation will hurt everyone, including you.

The official government debt is basically the total amount of treasuries outstanding. It does not include the unfunded liabilities, money promised in the future but not due this year. Any private company that did its accounting that way would be convicted of fraud. The unfunded liabilities...

"'So I am here to tell you, you are disenfranchised no more,' she said." Us constitutional conservatives have been disenfranchised for about 100 years. Thanks a lot for trying to ensure that we'll be disenfranchised for another 6 years.

Good grief, I didn't realize how statist Warren Buffet is. Since the ultimate private schooling is home schooling, Buffet probably would like to ban that too. In the United States the millionaires are capitalists, but all the billionaires are socialist.

Naw, just apply that to 534 members of congress. Ron Paul votes against almost every stupid damn law, so he gets a pass.

That observation is relevant if people are borrowing money to buy gold. But so far as I know people are paying cash for the stuff, so it's not analogous to dodgy mortgages. That said, I do expect a correction (I've been waiting for one for a long time) but I think the long term bull will...

I fail to see how encouraging broke people to spend money is really going to help the economy. We got in the mess we're in because too many people thought we could spend our way to prosperity.

So when IB shows me the option open interest in their option trader panel than number is a day old? I didn't know that.

How can we have a double dip recession when we never got out of the first dip?

If you have decided that you are willing to buy 100 shares of a stock at $30 it is no more risky to sell a $30 put than it is to use a limit order to buy. If you have decided to short 100 shares of a stock at $45 it is no more risky to sell a $45 call than it is to use a limit order to sell short.

You can lose a lot of money selling naked puts too. You would have lost a lot of money shorting PAR or MFE, yet most brokers will let you short stocks. It's always possible to blow out your account. Certainly no one is suggesting selling calls on likely takeover targets.

In my experience IB's ability to execute combo trades is pretty poor. I can usually get a better price by buying/selling the option legs separately. This is without day trading, just buying a call and then immediately selling another call (without the underlying changing in any significant...