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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John McCarthy who wrote (290782)11/11/2010 3:17:46 PM
From: koanRead Replies (2) of 306849
 
John, real quick regarding wt plays on this market:

newgoldinc.com

Look at today, dollar up .50 yet silver up .50 and other PM's rocking. That is very unusual to have both go up together and yet when the dollar falls both the stock market and the PM's and PM stocks rise even more.

If you think this could be an historic move in gold and want to catch the full force of it without risking a lot of money let me recommend NGD B wts, selling right now for .07 (10 for 1).

The stock is almost $9 and the strike is $15 and you have until April of 2012. This metals move will have manifested itself long before then I am sure.

.07 wts is undervaled all things considered, IMO.

So you are getting 13 to 1 leverage. That means for every $700 you invest in NGD B wts, you are controlling $9,000 worth of NGD stock until April of 2012.

If this is a big move getting through $15 should be a cinch by then. NGD produces about 360,000 oz of gold and over a million oz of silver (over 50 million oz of silver in reserves)and lots of copper and is in the process of building a world class gold copper mine with goldcorp; and is making big profits.

PS at $10 stock I expect .10 wts, $12.50 .20 wts and $15 .40 wts and then .10 for every dollar thereafter.
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