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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (7372)	3/2/2006 3:01:43 PM
From: koan	Read Replies (1) \| Respond to of 78409

Thanks Tom re carry trade info. What a day. I was sure if silver broke $10 the short covering would be powerful. $10 should now be an inpenetrable floor for silver just as $500 is for gold. I was up to my eyeballs in silver stocks and my two largest holdings were ECU and SLW wts and they have been huge winners today. I even bought more SLW A wts this morning becasue they are so far in the money and I am getting 2 to 1 leverge with no premium. That is BETTER THAN A FREE LUNCH becasue I get the same upside as the stock and would lose less than the stock on the downside. This is a formula everyone needss to understand! I sold most of my K wts as there is less than 2 years left, but K is doing great today. If gold looks like it is goign to break through $600 or K keeps moving up on gold/silver I may buy some back as the wts are still giving about 6 to 1 leverage. Cheers, Chuck