For reasons illustrated weekly in the newsletter, I have been 'big picture' bullish the gold stocks and thus today in the speculation portfolio, I step up to the plate and buy some calls on the GDX. These are way out to summer so there should be plenty of time to either have the big picture call confirmed or negated.
This is a way to place a leveraged bet on my convictions for a potentially large profit or a finite loss. Not an investment. You buy the pain and fear, so I guess that is what I did.
http://www.biiwii.blogspot.com
http://www.biiwii.com
This is a way to place a leveraged bet on my convictions for a potentially large profit or a finite loss. Not an investment. You buy the pain and fear, so I guess that is what I did.
http://www.biiwii.blogspot.com
http://www.biiwii.com
The GDX has sucked for such a long time that you just may be right. I sense a great deal of puking going on by all those who have continued to advocate the mining stocks. Oh they will be right; it's just that they will have abandoned all hope when the train does indeed leave the station.
ReplyDeleteErrr, that would be the game plan PK.
ReplyDelete