The price of gold has risen consistently for an average of 20% annually for the past few years. There are more to come. This Blog is prepare for "gold bugs" as well as for the ordinary citizens who are looking to safe guard the value of their hard earn money with gold. I will update you from time to time with informative and interesting articles.
Friday, July 22, 2011
Sell to close my SLV and UGL call options to take profits.
Sell to close my SLV and UGL call options to take profits. Buy to Open put option for SLV with target expiry date at 16 Sept. This is to expect a drop in silver price once the GOP and Democrats come to short terms agreement on debt ceiling/cutting program. However, in longer term, gold and silver price will continue to go up until the public is convince that USA and EU has managed to resolved their debt problem. Also, expect the FED to declare more money printing (QE3). They have to do this as this is the only way to boost the stock market and job market temporary to help Obama to win his next election. Will buy SLV and UGL call options again after mid Aug 2011.
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