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Colorado/Scotland, United States

Sunday, 27 September 2009

Gold

Shorted more GDX @ 43.00 Friday. Was already short, took some profit on those positions. My target is $40.50 or lower and then I will go long.
Short GG looking for $37, shorted near $40. I will go long at $37 area
SLV short from around $16.60 ave price on options. Looking for $15 or lower and will enter on the long side there.
AU entered long on Friday @$39.25 and will add to it on any 4-10% dips below my entry.
I think you can see my strategy. Bottom line Gold is going higher and the above mentioned stocks will make new swing highs. Which from where I will cover my shorts and go long is a great risk/reward trade.