Even though I think KGC is fantastic value, I still should not buy as it could get cheaper, or of course I could be wrong.
I dofeel that it is a good time to buy silver though, Asia is very near its yearly low.
In that belief, I bought a few options.
They are again like before on the silver Fund, SLV.
SLV closed at $20.71, the year low is 19.80. Granted it could break below, but if not then it has more room to the upside.
I purchased 13 Calls , for July with a strike of 24 dollars, I paid 0.65 each or 845 dollars. So SLV must go above 24.65 dollars to make a profit
On a lark, I bought three contracts of CDE for next January at a strike of 10. I intend to use this to maximize the price I will pay for 300 shares of CDE. This will be worthless unless CDE is above $10 a share, more than double what it is now. But should it be say 15, I can buy 300 shares at 10.
That is why it is an option, I can buy if itis profitable.
We shall see.