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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.51+1.2%Nov 5 4:00 PM EST

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To: pezz who wrote (51961)7/19/2009 11:51:00 PM
From: TobagoJack1 Recommendation   of 217549
 
hello pezz, today's report:
(i) got notification of assignment of gold mining etf shares (gdx) at $40/shr for put options shorted here Message 25664444 at $2.35/shr, and am happy to have been burdened of the resultant gdx

(ii) i bought a load of physical gold panda 1 oz bullion coins (circa 2004) from some fellow i know who ran out of cash, at usd 929/oz

the mintage of the 2004 for the 1 oz was only 55,000 and should be worth around usd 1,150/oz to a patient seller.

(iii) the seller also sold a bunch of his other bullion (maples, koalas, eagles) to the bank, and so i feel comforted in knowing by witnessing, that the bank did buy back a whole lot of coins and paid cash at hkd 929/oz in hkd equivalent when the spot is 940. seems fair.

you may have noticed, i am doing as little as possible in equity space; the reduction in zigs and decline in zags are deliberate.

cheers, tj
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