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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Ken Reidy who wrote (21995)5/20/2010 8:29:25 AM
From: Ken Reidy1 Recommendation  Respond to of 50428
 
Max pain on the GG May options that expire tomorrow is $41.

This morning's premarket bid on GG is - $41.00.

GG opened at 46.03 a week ago today, on May 13th.

Max pain on the SLW May options that expire tomorrow is $18.00.

This morning's premarket bid on SLW is - $18.00.

SLW opened at 20.89 a week ago today, on May 13th.



To: Ken Reidy who wrote (21995)5/20/2010 8:49:40 AM
From: SliderOnTheBlack3 Recommendations  Respond to of 50428
 
Gold futures: Final Shakeout Before The Melt Up?

June Options Expiration is Tuesday, May 25:

StrikePrice - # contracts
1100 -- 7,105
1150 -- 4,976
1200 -- 18,103
1250 -- 4,781
1300 -- 5,306
1400 -- 6,227
1800 -- 5,814

The Smackdown Crew needs to take gold down to $1100-1150
to take out 40-50,000 delivery contracts.

I'm holding the remainder of my GLD puts until we
see the whites of their eyes at $1150ish.

And once they washout the specs, given the rapidly
deteriorating fundamentals for debt and fiat currencies,
that sets up gold for a potentially hellacious melt up rally.

We shall see.

You'd bettter be short something in this market,
or have a very friendly pharmacist.

Keep your chin straps fastened bugs,

SOTB

PS: Remember this, as you as listen to CNBC's Sharon Epperson,
scream from the pits:

"Oh the carnage, oh the humanity..."

As Platinum is down -9% and the mo-mo players get shaken out of gold.

"Always trade the traders, not the market, because
while markets always change, people never do."
--SliderOnTheBlack


Here's yet another potential meltup catalyst.

Enjoy...

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