Yep, bought a few 42 jun calls this morning. Thought I was getting in at a good level. What's that they say about catching falling knives?
Obviously there's something I don't understand here. Over the past 6 years, gold has trippled in price while GDX has gone flat to negative. I don't think gold is a bubble, but even if it is, GDX never took off, so why the collapse?
Miners are now priced as if gold was trading around $800/oz. I think the GLD etf is a pure play versus miners with labor costs, host country politics, ect... But at these prices, even the most discriminating investor has to nibble. We shall soon see!