Assuming 100,000 start, $179,000 (current as of close) ,
about a 1/3 costless collar on the entire amount, using GDXJ
collar, is about 15 contracts (1 contract $4200 equivalent,
about $63,000 hedged). Will use the Aug 45 / 39
at 0.05 credit.
TAHO charts pretty well , too , should bounce off old highs
below. MVG, some support at the midpoint of yesterday,
probably grind a bit higher before larger support.
Fortunately, filled AUMN 1.42 limit orders at fib level,
yesterday, about the only way to deal with some of these. NGD
hit old fib line, filled gap, looks very good long any lower
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GDXJ collars , for model portfolio
Goldgram Update - Rally targets
Posted by cmunny on 20th of Jun 2014 at 10:56 am
Assuming 100,000 start, $179,000 (current as of close) , about a 1/3 costless collar on the entire amount, using GDXJ collar, is about 15 contracts (1 contract $4200 equivalent, about $63,000 hedged). Will use the Aug 45 / 39 at 0.05 credit.
TAHO MVG AUMN NGD targets
Posted by cmunny on 20th of Jun 2014 at 02:16 pm
TAHO charts pretty well , too , should bounce off old highs below. MVG, some support at the midpoint of yesterday, probably grind a bit higher before larger support. Fortunately, filled AUMN 1.42 limit orders at fib level, yesterday, about the only way to deal with some of these. NGD hit old fib line, filled gap, looks very good long any lower