“However, if you are an aggressive gold investor, I would purchase one half of your total intended position in 2013 LEAP "calls" on AUY with a strike of $12.50. They were recently trading around $2.00. This will give you a long-term, highly leveraged trade on the future price of gold, with no margin risk downside.”
AUY130119C00012500: 2.75 0.00 (0.00%) : AUY Jan 2013 12.500 call
At the time of this post they are at 2.26.
If you do decide to buy into these let us know (or NOT) if you’ve made some spectacular profits.