That site is hilarious. Everytime a miner doesn't go up with the POG/POS it's someone manipulating that stock (even though the market is down).
Everytime the POG goes down it's the cartel driving it down (can't be profit taking)
I'll tell you what, if it is the "cartel", they are absolutely brilliant as they most likely are the ones then buying back what was shaken from the weak hands at a lower price making more profits for themselves.
So on days when POG should be down but it's up, is that the "cartel" buying and manipulating it upwards?
It's amazing that every other asset/market can go up and down except for gold which is supposed to never go down (unless the "cartel" interferes)
We're up freaking 50% over the last 6 months!!!!!!! Give it a rest and be glad you're in an asset that is appreciating.
4 comments:
Hi all, was out all day today.
What do you all use as a 'core' position? Is it a number of shares? A certain % of your money? How do you determine your risk?
I've put too much $ into a stock only to watch it evaporate.
Where do you find info on options? When you say you have April & July $120 calls where do you 'see' that data?
Thanks for the info.
In case anyone is interested, here is a new ETN that goes long/short gold
New ETNs aim to double, short gold prices: http://www.marketwatch.com/news/story/new-deutsche-bank-etns-provide/story.aspx?guid=%7B74B66BFC%2D9A33%2D4AAA%2DB312%2DDE02DDA71842%7D&tool=1&dist=bigcharts&orig=symbol&time=&symb=DGP&sid=3109262&source=htx\http2_mw
try splitting that link instead
http://www.marketwatch.com/news/
story/new-deutsche-bank-etns-provide/
story.aspx?guid=%7B74B66BFC%2D9A33%2
D4AAA%2DB312%2DDE02DDA71842%7D&tool=
1&dist=bigcharts&orig=symbol&time=
&symb=DGP&sid=3109262&source=htx\
http2_mw
Ron, basically what it means is I have bought the right to buy 100 shares (100 shares = 1 contract) of SKF @ $120 per share, which I can exercise any time before the respective expiration dates of april and July.
Contracts are traded on the open market. Since you are basically controlling 100 shares of the stock, in this case SKF, you get a lot more leverage to price swings in that stock. For example a couple weeks ago I bought a few April $120 contracts at an average of $9.50 or $950 each total (remember 1 contract is for 100 shares so 100 x $9.50). Two days later SKF went up about $4 or $5 per share and I was able to sell my option contracts for $12.50 or $1250 each. So even though the stock only went up a few bucks I took a 30% + profit. Sounds great huh? THe only problem is option contracts expire and the closer it gets to the expiration date, the less buyers are willing to pay for them. So time can work against you.
Ok, so now that I may that clear as mud, here is a decent link which can probably explain it a lot better http://www.investopedia.com/university/options/option.asp
If you read the link and still have some questions, feel free to ask and I'll try to help explain.
Post a Comment