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

To: GROUND ZERO™ who wrote (54397)	9/11/2013 10:29:11 PM
From: Machaon	Read Replies (3) \| Respond to of 223021

My model is short gold, but I just took a light long in silver Thanks for responding with your current position. I'm probably going to get hammered for it... That's funny. I used to get hammered when I was quite a bit younger. :) Silver is down about a dime, at this time. But, of course, you know that it jumps around quite a bit overnight. The $21 covered call, that I sold on SLV expires a week from Saturday. I'd never sold a cover call before. I thought that I would be able to do some trading with it, but it makes no sense to buy it back. I have no problem with someone calling my shares, since I protected my profit, so far, and also collected a little extra and learned how selling covered calls works. :) I'd like to pick up a first, second position in SLV, if it drops below my arbitrary, non-model target of $22. Good luck trading tomorrow!