that pitiful excuse for advice.
this company to do one thing, mine and produce
precious metals. If I want diversification I will do it
how I see fit.
You should not own a stock, buy
It is much more likely that oil prices will
decrease in the near future. The Arab countries have a
very hard time getting their cartell togeter to
effectively regulate the price of oil. Each Arab nation is
more affraid of other Arab nations climbing to power,
and therefore their ability to cooperate is
short-lived at best. Also your presumption totally neglects
that Russia may soon flood the world with very cheap
I believe that for the short term you guys in the
last few posts are dreaming with hope. I wish you the
I do not see ABX keeping this route as it is not
doing anything for shareholders. With all of their cash
they keep announcing share repurchases! and the stock
keeps going lower. Lost over 80% of the value of their
own shares they just bought! They are deeper in the
mud now that than they were a year ago. They should
be diversifying into something else, I wish they had
bought Dell, Apple or even treasury bills!
will continue under pressure for a long while, the
Russian crisis gave gold a beating! it should have been
the other way around!
The price of oil could again reach the levels of
the 1970s if the ruling elites in the Arabian Gulf
states are ever replaced by Taliban-style governments.
Ascetic holy warriors, after all, don't need to keep
pumping oil in order to finance lavish lifestyles.
You have really provided a good analysis of what
the central banks have done to themselves and to us
as investors and how they accomplished it. You would
think that the people who control those banks and the
governments that influence them would have considered what
could be the end result of such foolish actions. Do you
have an opinion as to any means the banks will take to
extricate themselves from the situation they have created.
Or do you have any belief regarding whether this was
done intentionally to drive the price of gold down,
perhaps to be acquired later at much reduced prices.
Thanks . Irish
listen up, and think people. the big gold
producers are selling gold, this is like saying that the
north pole is selling snow. of course they can sell
some of what they have a lot of. the bottom line is
that when gold is in favor they can reverse course and
power ahead of the dollar/market. you don't see cb's of
hard currency countries selling any gold--their
probably buying. poland wants in to the ecu/be a world
market player so they are buying physical gold. gold is
the place to be and it takes a while before the big
gold submarine will surface.
i think that gold
will be the glue to hold all these
currencies/countries together US included. let me ask the question..,
what else, other than gold, will fix all these
problems that the "world" wants solved? a little gold goes
a long way when properly administered to the ailing
russia will be fine. they have gold. you
don't think soros lost a ton of money for fun do you?
soros looks like a hero, and wasn't it nice of his
number one guy to tell us on CNBC last week that they
lost a ton in russia. dont be duped, gold is the
cure/the only cure.
come on people...don't listen
to the cb controlled media. use your heads. gold
trader is using his, now start doing the homework or be
suckers, waiting for someone to tell you what to do at the
exact right time.
before trading options you should get a hold of
some educational literature. for starters, the Chicago
Board Options Exchange will send you free of charge,
"Characteristics and Risks of Options Trading." you can reach the
CBOE at 1-800-OPTIONS. They have an education dept.
which provides a lot of free literature.
book which i recommend for beginners is "Getting
Started in Options," by Thomsett. It is soft-cover and
written in plain english...a good beginning text. you
should be able to find it (or at least order it) through
one of the larger bookstores.
Do some reading
before attempting to trade options. But in a nutshell,
Roman is talking about hedging strategies. If you own
the stock and sell call options against it, you are
giving someone the right to buy the stock from you for a
specified period of time, at a particular price (called the
strike price). The income which you bring in reduces
your cost basis in the underlying stock.
puts is a directional trade...the puts will increase
in value as the stock price goes lower, helping to
offset a portion of your losses on the underlying stock.
However, the puts cost money, which will effect your net
returns, and they can expire worthless.
I think these strategies have more merit when the
stock is trading toward the top of a range. selling out
of the money calls won't do much at this juncture.
If you are bullish gold, i would be inclined to go
long some stock here and perhaps sell the covered
calls on a bounce. but that is just me.
that helps a bit.
thanks and good luck,