Hey, I sold a 75 call figuring that tmw this stock will close just under 75 (or will trade that way during the day). The good thing about selling calls is that they always pay you at the strike price and if you get knocked out of your position you can always buy it back for more or less what your would've gotten if you had sold it when the option expired.
About that manipulation, AEM has over 5% or it's shares sold short, that compares with about 3% for PAAS, 2.5% for SSRI and maybe 2% for NEM and about 1.5% for GG. That tells me this stock in particular was a target today (the day they tripled the dividend!!!) and is a bargin at these prices. Thank you powers that that they are.
AEM expected to produce 1 million ounces at 900-1000 dollars in profit per ounce this year.
Oh ,yes absolutely, no reason for AEM to be 87.50 two weeks ago.
I hope you catch my sarcasm.
This stock had a reason for being 87.50 to the tune of 260,000 ounces of gold PRODUCED in one quarter.
They don't manipulate gold stocks up. When did that happen ? Show me.
AEM only started moving up just prior to its godzilla quarter report of 260,000 ounces of production.
And TPTB keep hammering it because it exposes their shennanigans in the dollar and in the stock market.
What happens when they can't hide the weakness in the dollar anymore and the people realize shennanigans like today hid the weakness of fiat and the strength of gold and silver from them thru a pretender regulator called the CFTC and SEC.
And JPM and HSBC which did naked shorting on physical gold to try and silence the canary in the coal mine with PAPER.
Its a DELIBERATE deception and the inside traders make a mint.
Even the Communist Chinese government tells its people to buy gold and silver.