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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (562)	1/24/2014 6:41:49 AM
From: Jerome	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26800

My take on gold is very unscientific....I own ABX and use it for covered calls just above the purchase price. When the stock market rallies it seems that gold falls, because why own gold in a strong market. When the market falls like yesterday gold rallies out of fear of a stock market collapse. I do use some margin in one of my accounts. So I use the covered call premium from ABX calls to pay the margin interest each month. All this stuff works until it fails......and for the past six months its been working.