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SPDR Gold Shares Message Board

  • eddietache eddietache Nov 9, 2011 3:31 PM Flag

    question

    to protect my position. i already sold half.

    Do i buy puts or ride it out for the week? thanks

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I would sell at least 10% of my position in Covered Calls and wait till it breaks near even selling more all the way to the bottom this time I expect we may very well see

      146.81

      before we get another bounce as Global and especially US demand for Crude starts weighing heavy on Crude, add the fact that the US is becoming less and less dependent on Global Supplies its going to get really Ugly for the rest of the world!

      In the EZ/EU shortages are already showing UP although there is no longer the increased demand of the last few years and with better than 20% of the Global Population now becoming the Elderly even less demand is forecast.

      Its not going to be pretty for the Oil Oligarchy as Hybreds and Alternative Energies and Global Warming begin to threaten the world!

 
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