The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (300525)	12/28/2010 8:29:20 PM
From: koan	Read Replies (1) of 306849

My largest postion are Hecla options HL. Best and safest silver play I know of. They also produce huge amounts of gold, zinc and lead. Also, GS or bloomberg? today, said silver and zinc would be the 2011 star performers.I have hecla options running out to 2012 at $12.50. I was very lucky. A couple of months ago someone put 15,000 Dec 18 $5 PAL options for sale for .10. I scooped them up. $1,500. Then I started selling them at about .60? and I bought mostly Jan 22 Hecla options at $7.50, march 2011 $8's, June 2011 $10's and 12's, for about .35 to .50. Today they are about 10 times that cost. And now I am laddering up. On Monday I will sell the Jan 22 $7.50 for Jan 2012 $12..50 and get about 3 for 2. Best parlay I have done in a long time. I was stumbling around for a long time before I got my game back. A monster bull market sure helps-lol. And this is looking like the mother of all commodities bull markets caused by demand from the east, worldwide QE and a general flight to safety. I remember 1980 well and if this gold bull market turns out to be bigger (as I expect it to), you can throw a dart at mining stocks and expect to make a 10 bagger.

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