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Gold/Mining/Energy : McEwen Mining

MUX 18.26

-0.9%

Dec 2 3:59 PM EST

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To: semi_infinite who wrote (8249)	9/3/2014 12:22:05 AM
From: CurveBall86	Read Replies (1) of 24527

I bought calls on dust a few weeks back that expired last Friday. I sold most of them early in the week at a nice profit but left a significant chunk on the table expecting gold to drop further. I feel as if geopolitical events provided temporary pops in the PM's that just slowed down the bullion banks plans to knock price down. The dust calls I held onto that were going for 1.30 when I sold them expired worthless a few days later. I've had that happen a couple times now where I make the right directional call but some event happens that provides a temporary pop in price. Paying a bit more for the luxury of more time would have worked out nicely. But then again I feel like it's just a crap shoot some times. I also bought more today after last week didn't work out as planned and I'm also holding gdx puts looking and waiting for that gap to fill. It was holding up neck and neck with slw but slw finally cracked and started to drop much further.

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