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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (22123)	7/26/2011 1:45:22 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 220481

Jesse isn't always right, I have no problem adding this morning as I did... after they raise the debt ceiling, where do you think the additional money will come from? It will come from QE3 and QE4, gold and silver have only one place to go, that's up... forget the miners, get some SLV or AGQ for silver, or UGL for gold and enjoy the ride... remember, today is option expiration, tomorrow it's back to normal... GZ

To: rubbersoul who wrote (22123)	7/27/2011 11:16:54 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 220481

Maybe what Jesse also meant was that on option expiration day, the calls are either closed out or they're converted to being long the actual contract itself... we already know with a call, there is limited downside risk, but now if the call buyer is actually long the contract, the risk is enormous... these new contract holders will very likely place protective sell stops below the market and the vultures go after those stops in the next couple of days after expiration, therefore a possible down swipe for a few days after expiration... GZ