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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (85584)	1/5/2012 2:47:45 PM
From: prometheus1976	Read Replies (1) \| Respond to of 218012

well ,103.00 more dollars up to the dec 31,2012 target....so far my implemented strategy is great....i translated the 1727.00 spot gold price target to 1685 on the GLD.. On Tuesday i did the December bull put spread long the dec 150 put and short the dec 165 for 8.30 credit ( 10 contracts) and also went long the dec 155 calls and short the dec 170 calls at 5.80 debit (20 contracts)....maximum possible loss on these positions is 18,300.00...max gain is 26,700.00...amount of actual cash invested is 3,300.00 .. The 30 .00 up move in gold spot tuesday hurt my entries some ,but i did it anyway.. Feel free to kibbutz since i am just establishing beginning positions per my promise to Maurice,and think i can lever up a good bit.. Message 27850321 My intent is to position above and below the final year-end target of 1727.00..Maybe do this kinda like a trading journal.. regards,p1976....note that i am starting out with a small position and that i dislike GLD as a trading vehicle, but i dislike the other choices more.....