Note that somebody bought AUY leap calls in positive territory today as PMs headed upwards at the open. Now PMs are plunging. Be forewarned “charlie1840088”. This market is rigged. Even leaps can fail to show a profit in a scenario of dishonest market activity. Whether AU, for example, will remain above $1200/oz or head for $1000 as some suggest is difficult to say when there is such an incentive for central banks and their government/mega-corporation allies in crime to keep counterfeit fiat monopoly money viable.
As many have discerned the PM dollar price tags are totally fictitious as a result. Perhaps those who buy calls should reconsider. (Obviously that statement will make call writers very unhappy, should they come across it.)
“...However loss of control should be gauged by how many banksters receive jail terms, for instance Jon Corzine receiving the fateful court decision to share a jail cell with Bernard Madoff. That will indicate that Constitutional rule has returned instead of the current rule by criminals. ...”
Lush Rimbaugh, following the coup-in-chief’s speech, had him characterizing those of us as leftists/liberals who want to see banksters engaged in criminal activities, like Jon Corzine, put in jail along with a host of others, including Jamie Dimon. Those who have been paying any attention to what Rimbaugh says on “Patriot” radio, KIEV, also know that Rimbaugh includes Michael Milken among his associates, as do the other Rimbaugh sycophants on that station.
Those with an interest in buying PM mining company calls take notice. A widespread media presence among the so-called conservative media propagandists supports the continuing attack on the theft of middle class assets. This is done through the Federal Reserrve, their allied banks, politicians and media organizations, among others, to support the continuing unconstitutional scam of fiat counterfeit monopoly money. Among the only places this ever gets discussed are on message boards like this. But because such a tiny effort to broadcast the obvious is ineffective, mass media sources prevail.
THIS IS WHAT MAKES PM MINING COMPANY CALLS ESPECIALLY RISKY. Success of those who have been forcing the downward PM prices, through naked short selling and paper gold/silver derivatives, etc, has been very successful. As yet we have no substantial indication that the continuing attack on market driven PM pricing has ended. This has been because there is no substantial regulatory effort to reign in worldwide central bank criminality, except for what was done in the tiny country of Iceland where the banksters were placed in jail resulting in a return to prosperity in that country, which apparently Rimbaugh and associates oppose.
A little disagreement here: “Buy a long term two year leap deep in the money with little premium...”
For example, the 2016 SLW Jan 16 call premium is 13. It has the highest premium of that year’s leap options.
Please explain your strategy, or did you get it backwards?
You could do well. If you’re new at it buy leap options (long term expiration date-at least 2 years out).
The PM sector is so highly manipulated that even leap options can end with a loss. Many of the gurus are predicting further losses in PM bullion and mining sector share prices. There is a growing awareness, even among those who have insisted that, although PM markets are manipulated, the bottom for this sector is not in, and the power governments and allied central banks have to drive PM prices lower, although waning, still can invalidate the best of predictions for people like you who sense improving PM sector prices. All of the above makes this sector especially risky. Only if there is an overwhelming sense that they have lost control can some measure of predictability return. However loss of control should be gauged by how many banksters receive jail terms, for instance Jon Corzine receiving the fateful court decision to share a jail cell with Bernard Madoff. That will indicate that Constitutional rule has returned instead of the current rule by criminals.
The same people for a number of years that have expected we will have surpassed $3000+/oz gold and $100+/oz silver are back at it again. They have not adequately assessed the ability of central banks, politicians and the elitists that own them to drive PMs lower, and by inference the PM mining shares. The central banks are absolutely willing to crash the economies of all nations in order to maintain control, impoverishing everyone but themselves in the process of maintaining the value of fiat counterfeit monopoly money. They’ve bought off politicians, regulators, media and news organizations, religious organizations and allied themselves with large corporations to maintain their hegemony, regardless of the disastrous economic results that will hasten the decline of the middle class. THEY are our ENEMIES as surely as if they were armed with military weapons. Don’t underestimate them.