Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: ahhaha who wrote (117)	4/20/1999 9:11:00 AM
From: dwight vickers	Read Replies (1) of 587

While I respect your opinion, I have to disagree. I make 30-40-60% annualized selling covered calls on safe value stocks. Haven't been in as big a hurry to sell them against NEM because I think it's been a bargain under $20, and there are good reasons to own PM's in this environment. Rather than merely holding them and waiting (wishing) for them to go up, selling premium has been very lucrative. And incredibly conservative. One would be damn near broke waiting for the big upmove in gold after all these years. I've been seeing it predicted for a year and a half now since I started accumulating PM shares after 17 years of being an anti-gold bug. I've put lots of juicy premiums in my pocket over that time. Your attitude towards options is certainly valid if it's about naked long options, but who do you think makes all the money that those guys lose?? Good luck. Dwight

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