I have been trading this stock for years backa nd forth from long and short. With so much turmoil and with such a positive (anything that meets or beats for this industry is positive these days) I have to go with the Long play. Plus, I believe AUY bases their prices projected prices much lower than the comp when it comes to gold. I used to play GOLD and ABX a lot but I think this is your key. I mean yall dont think this is oversold here? We were trading way above this except for a small period for years!
I have just a few put contracts for Aug 16 at $26.00, what do yall think will happen at open? I am newer to options and really havent figured this out because you would think I am going to make a nice profit but I have seen where they go down in this situation or barely move!