Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Zeddie88 who wrote (37496)	9/8/2012 7:22:35 AM
From: GROUND ZERO™	Read Replies (1) of 222408

It occurred to me as an afterthought, if you want to be long gold but are uncomfortable with what bernanke might say or do, then you also might consider just holding your positions and writing some at the money calls for October on them, or maybe just in the money calls... this way, if the market does decline, then you have some good protection, and if the market still moves higher, then at least you're not out completely... Frankly, and I've posted it on this thread, that I'm very long gold and silver and many of my positions are covered with at the money October calls... I like the safely and I still do well no matter which way that market goes... Anyhow, just a though... GZ

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