It looks like the low in Gold and Silver has gone and is now history. I've sold my Silver 40 March calls since it's running out of time and closed out the Silver 60 call as well and moved to an additional 40 Dec 2013 call since that will be more profitable.
Check out these updated graphs.
Gold will definitely head over 2000 next year. It's primed for a move after consolidating for well over a year now, in fact the longer the consolidation the more explosive the move. Because of this I'm going to purchase Gold calls for Dec 13 at 2000 with the current Gold Dec 2013 price at 1726. This option is unbelievably cheap right now, just in September it was over $11000 per contract and now it's fallen to $5000 with over a year to go. I expect Gold to hit 2500 before July 2013 before I even consider selling, and that would put Silver at least 48 going by the current Gold to Silver ratio. Also I've already purchased June 13 2000 Calls as well, in anticipation of this move!
Check out these updated graphs.
Important low at 1600
Important low at 27.50
Gold will definitely head over 2000 next year. It's primed for a move after consolidating for well over a year now, in fact the longer the consolidation the more explosive the move. Because of this I'm going to purchase Gold calls for Dec 13 at 2000 with the current Gold Dec 2013 price at 1726. This option is unbelievably cheap right now, just in September it was over $11000 per contract and now it's fallen to $5000 with over a year to go. I expect Gold to hit 2500 before July 2013 before I even consider selling, and that would put Silver at least 48 going by the current Gold to Silver ratio. Also I've already purchased June 13 2000 Calls as well, in anticipation of this move!
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