Gold at $25000. Silver at $600.

So IAG reported excellent news after the bell including a 10% stock buyback. This is the stock that the gool ROCthoight I eas stupid to buy at $5.

I expect it to have a big day tomorrow and if gold is up , it could be up 15%. We shall see because the overall market is crashing.

needless to say, I took a whopper of a gamble on it at about 3 pm. A very large Call Option position

So tomorrow is the most important day for me in decades
 
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With any bit of luck, the selling pressure has been absorbed and we will hold $50 on the forward contract
 
Excellent day. Held at $50.41 on fact.
Tomorrow is a holiday but the market will be op and the trading light. 3 dollars off the high. People still bringing on silver, I was at my local shop today
 
A great day today. With 50 minutes of trade, it might hold 51 on the December contract
 
So far so good, when the delayed reprts are released, stocks will crash and it is then or never for gold
 
Initially a decent drop until the realization hits that it is game over
 
Will it rebound or is bitcoin finally popped??
 
My major holding IAG did well, being ng down just 5c
 
I sold every single share of IAG today at $12.92

I bought some call options instead.
In a general sell off, everything will initially collapse except the dollar
 
Declan said:
I know, and it was a lot of shares.

but I did buy Call Options at 18$ for the Spring. Covering about 150% of my stake.

but it has to get above 18

I cant buy AIG now for a month h so I might buy some more HL
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what do you think of VZLA?
 
I would view it as a wild gamble, almost like a long term option
 
I amnow thinking it has a good chance of holding the $54 spot level
 
Something is amiss as the spot price is up 4 dollars. And the futures are not trading but that could be due to the holiday??

stocks open in 3 hours here
 
Declan said:
Something is amiss as the spot price is up 4 dollars. And the futures are not trading but that could be due to the holiday??

stocks open in 3 hours here
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The Comex shut the markets down. An aggressive additional move to the usual Friday slam-down party.
 
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Someone is getting screwed today. Hopefully not me with my Calls on SLV which may not have the silver either .

so on the open, I will take some profit if I can. I have some nice winners there
 

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