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SPDR Gold Shares Message Board

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  • gold_bug_dave gold_bug_dave Oct 20, 2010 3:28 PM Flag

    Just sold all my Gold Interests

    I like the call Wes.

    Instead of selling and paying a huge cap gain tax or writing calls or buying puts I hedged my 17.5k SLV position with a buy of 500 UUP Nov 23 calls. Dirt cheap at 14 cents.

    Dollar rising should ding the PMs and UUP calls are a cheap way to hedge. good luck

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