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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (21455)	4/7/2010 2:17:04 PM
From: SliderOnTheBlack	6 Recommendations Read Replies (1) of 50356

Ca$hing In Some Call$.... re: the March to May seasonal gold/pm trade: GDX April $50 calls up +127% today after being up +33% yesterday... finance.yahoo.com Last Trade: 0.40 Trade Time: 1:17PM ET Change: 0.22 (+122.22%) NEM April $55 calls up +92% today after being up +29% yesterday.... finance.yahoo.com NEM Apr 2010 55.000 call(OPR: NEM100417C00055000) Last Trade: 1.00 Trade Time: 1:19pm ET Change: 0.48 (+92.31%) The HUI Gold Bugs Index is still in an uptrend, but is starting to hit slightly over-bought territory on the technicals, so I'm cashing in calls, but letting shares run. While the longterm trend for the US Dollar is still bearish, gold & pm stocks really need the Dollar to correct out it's present uptrend. We need a breach of 80.5 and 79.51 to light a fire under the gold price and to break out of this present trading range. Near term US Dollar Chart: Long term US Dollar Chart: --------- SOTB

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