The forces that be will not allow SLW to go over 50dma
Several of my PM holdings have been flat or down YTD, but I have been making a little cash to pay the bills by writing short term covered calls mostly with SLW. I am getting nervous with this strategy as sooner or maybe later, I believe the PM stocks are going to move up significantly and possibly in a very short time period. I am doubtful that politicians will do anything meaningful to address the deficit let alone debt and on CNBC a few minutes ago former fed official Poole just admitted monitizing the deficits and debt. It seems that the dollar should fall and tangibles should increase in dollar terms.