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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: pezz who wrote (70621)2/18/2011 5:05:30 PM
From: TobagoJack  Read Replies (1) of 217573
 
hello pezz, last night's report:

(i) bought to close puts gdx march 54 at usd 0.38
and bought to close puts paas march 32 at usd 0.50

if you do not remember, the positions were opened on january 28th, just so few days ago when conditions looked somewhat dire for metals and calmer in the middle east

Message 27123383
<<- short Puts GDX March 54 at USD 2.57 and
- short Put PAAS March 32 at USD 2.20.>>


(ii) decided to do nothing about this trade
Message 27107435
<<Cyber prospected by writing february gdx puts strike 53 @ 1.76>>

... that was done on january 21st, when the situation for metals looked even more dire since i do not believe gdx can drop by that much over the next fews days to expiration. what do you think?

(iii) bought paas shares at usd 36.27
- sold puts paas april 36 at usd 2.20
- sold calls paas april 36 at usd 2.50

... to sate imperative for last man standing death match gaming urge.

(iv) earlier had bought some usa gold buffalos and prc gold and silver pandas as mineralization of lunar new year red packet "lai see" en.wikipedia.org lucky money gifted to daughter and son by the elders of friends and family. i gathered some gold baffalos to help america balance its trade deficit.

(v) and had picked up the remaining owed physical platinum that were done here Message 27077190 - the full delivery took that long, meaning the market cannot be that loose, particularly when a company such as corning sees fit to turn 1/18 of its value in market cap into the same metal commodityonline.com

my allocation to physical pt is about the same as corning, and so far it has proven to be a good 1:1 hedge to physical gold.

cheers, tj
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