Tuesday, April 20, 2010
All In Again
Back fully long again in GDXJ long call options with an August expiration date and 25 strike price. Started buying Friday and finished on Monday (see previous post for rationale on buy points, which were met both Friday and Monday). Short-term tinkering is done.
Remain wildly bullish on precious metals for the intermediate term. Don't have much to add this evening after a long day at work and a long weekend of having fun with some old friends. I think it is about time to begin the move to re-test the highs at $1225/ounce in Gold.