SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Kirk ©
To: Kirk © who wrote (562)1/24/2014 6:41:49 AM
From: Jerome1 Recommendation  Read Replies (1) of 26800
 
My take on gold is very unscientific....I own ABX and use it for covered calls just above the purchase price.

When the stock market rallies it seems that gold falls, because why own gold in a strong market.

When the market falls like yesterday gold rallies out of fear of a stock market collapse.

I do use some margin in one of my accounts. So I use the covered call premium from ABX calls to pay the margin interest each month.

All this stuff works until it fails......and for the past six months its been working.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News