Tag Archives: gold

Bought 250 VEN.TO @ $6.93

By Paul | Published: July 15, 2010
I’m long Ventana Gold Corp. (VEN.TO), a junior gold mining company. Here’s a look at gold (Figure 1) and the junior gold mining company index (GDXJ, Figure 2). Both figures are from Finviz. The reason why I picked VEN in particular is related to this article in June.  Ventana Gold raises $20 million in private [...]
Posted in Stocks | Also tagged entry, Mining, RRSP | Leave a comment

Sold 3 ABX 10OCT Puts 46.00 @ $4.15, Mark $43.97, Breakeven exit

By Paul | Published: June 15, 2010
My Barrick Gold short isn’t working as I hoped.  My puts premium is moving closer to breakeven to my purchase price of $4.00.  Furthermore, the market is cracking above resistance levels today.  In particular, ABX.TO is marking a bullish engulfing candlestick pattern after a test of its 50-day moving average support (Figure 1). Yes I [...]
Posted in Stocks | Also tagged ABX.TO, exit, Mining, options | Leave a comment

Bought 3 ABX 10OCT Puts 46.00 @ 4.00, Mark $44.67

By Paul | Published: June 10, 2010
Right on the heel of my oil short loss, I am taking another stab at shorting the market.  This one is Barrick Gold (ABX.TO).  I am moving away from shorting financials because the puts premium are almost doubled that of the calls!  It seems that too many people are betting the banks will take a [...]
Posted in Stocks | Also tagged ABX.TO, entry, Mining, options | 1 Comment

Exit Stop: -2 GLD 100 JUL 09 91 CALL .45

By Paul | Published: July 8, 2009
GLD broke below $90.50 today and touched $89.09.  It’s now rebounded to $89.35 around noon.  I’ve set a stop for my long call options at the low of the day.  Having regretably sold my long puts last week, this supposedly strangle options strategy is now cooked. I still believe my entry was good.  But I [...]
Posted in Stocks | Also tagged exit, GLD, options | Leave a comment

Gold and silver prices exploding soon?

By Paul | Published: January 18, 2009
Gold is about to break its 200 day MA at 850 and Silver is testing its long term triangle.  This could get interesting…
Posted in Futures | Also tagged silver | Leave a comment

Pre-market analysis for November 25, 2008

By Paul | Published: November 25, 2008
Good news is, the e-mini S&P futures has moved up overnight.  Bad news is, it’s still resting on the lower end of a slightly up trend from last Thursday’s 95 point rally.  For a confirmed follow through, we need to at least break above the 870 level during market hours.  If S&P do break above [...]
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Pre-market analysis for November 24, 2008

By Paul | Published: November 24, 2008
Friday’s strong rally with some volume seem to be following through as of this morning.  However, last Friday was options expiration day.  So a good proportion of that volume is expected to be due to that.  Additionally, the Asian market was down, except Japan and Australia, last night.  This is not a good sign.  Hong [...]
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Pre-market analysis for November 21, 2008

By Paul | Published: November 21, 2008
Option expiration Friday is finally here!  After yesterday’s horrific day, everyone is expecting a reversal today.  Indeed, the market futures are up overnight.  S&P futures broke 780 overnight and is holding at around 765.  We are probably going to open with a gap up in the market and make an intraday rally from there.  However, [...]
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