Gold Breakout Today (4/1/10) - Long Term

Quote from indahook:

Do yourself a huge favor and learn about selling covered calls. Its an excellent strat for long term investors. When you have long term stock positions that are going nowhere/down and you dont want to sell you can create income that will reduce cost basis. It is a conservative strat that many have built wealth using.
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That's what I'm doing with my position in EGO. The sold calls have helped minimize the damage in this long term position and this little run up will give me a chance to make this position a winner.

In this market, covered calls is the perfect strategy.
 
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sorry boys but between the commercials and the one or two or three banks that control the order flow in both gold and silver
( and perhaps all the other p.m )

this mini bull run leg ended ...

maybe if a rally gets going later in the week

in the other crap * euro / equities / aussie * cable / copper / palladium ( yada yada yada ))

you will catch a bid again

good luck

:p
 
Train leaving the station on this one. I'm no gold bug, but this feels like a trend you don't want to miss. I'm playing it long-term in physical. Advise you stay away from the gold ETFs for anything other than a trade.
 
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