Not gold mining stocks. Wierd. Some thing is wrong here.
hmm seems like mutual funds up to their dirty tricks again to push people out. Well what every I sold puts so I will just have to take delivery. It aint so bad it is just break even for me almost.Even with the down turn of 15%+ in 1 week.:PLets wait for march to see some fireworks and the shorties can pay for borrowing shares.
Not all silver miners were down. AXU my favorite was up 1.95% today. That is $0.14 X 25,000 shares = $3,500 to give me a $20.00 over all gain for the day.
Weird and.....manipulated!On about Nov 9th 2010, Silver was at 28.55 and SLW was at 37On about Dec 6th 2010, Silver was at 29.67 and SLW was over 40Today, --Jan 12th,2011 Silver is at 29.67 and SLW is at 34.53..........come on.....5 1/2 points lower?Buying opportunity,......or?
Check my posts....I've said this more than a few times.
Why single out silver mining? If there is any thign wrong with silver, then why the silver spot went up? If any one has an explanation, it would be very appreciated. Thanks.
Could be a paired trade - buy silver, short the silver stocks? Personally, I buy both but do hedge half my shares with calls.