To: 2MAR$ who wrote (84655 ) 12/17/2011 8:50:18 AM From: TobagoJack 3 Recommendations Respond to hello 2mar$, report: (i) mcd : the 2011.07.18 Message 27499411 shorted mcd put strike 85 expired worthless, netting $4.10 per share gdx : the 2011.08.29 Message 27604296 long equity gdx, short put strike 60, short covered call strike 65 resulted in put shares - overall result @ friday closing price is a bunch of gdx accumulated at net loss of 9.38% - a horrible result but given the strategic purpose, well within acceptable parameters slv: Message 27618310 long equity slv, short put 40, short covered call 44, resulted in put of slvMessage 27654114 short slv put 33 resulted in put of more slvMessage 27656465 short slv put 30 resulted in put of still more slv - overall result @ friday closing price is a bunch of slv accumulated at net loss of 12.9% - another horrible result but given the strategic purpose, well within acceptable parameters, especially for silver gld :Message 27645220 long gld and short gld put 170 resulted in put of lovely gldMessage 27654114 short gld put 165 resulted in put of more wonderful gldMessage 27656465 short gld put 160 resulted in put of still more fabulous gldMessage 27676837 long gld and short covered call 165 expired worthless - overall result @ friday closing price is a bunch of gld accumulated at net loss of 3.7% - noise, and given strategic purpose, just noise, especially for wonderful, fantastic, and fabulous gold (v) all of above resulted in deployment of 6.3% of nav at a net loss of 5.5%, within limits that can be easily recouped by shorting some covered calls should i wish, or maybe just wait out the less-than-rational drubbing of gold no decisions yet. let us watch n brief and wait n see In the mean time I am down 8% ytd, unpleasant but tolerable given the circumstances and the set up per conviction for the near-enough future, and am positioned so: the trouble with positions is that they are positions, not ideally for trading in a genuine portfolio sense. i am now effectively denominated in gold and hk real estate, all of which be quite effected by prc, usa, and europe. for 2012, am certain more of the same, namely volatility, funding crisis, official intervention, currency wars, and possibly outright trade wars, even capital controls and even real wars. general direction for self shall be getgold, stacksilver, pileplatinum, munchmacdonalds, and gad, prepare to leverage on any of the stuff i already have to get more of the same.
