+301% in Less Than 2 Months, A Quadruple To The Coeur

chart of coeur mining

Chart by Steven Sarnoff, h/t stockcharts.com

Gold and silver shined in today’s holiday-shortened session.  This helped our recommended play on Coeur Mining (CDE) multiply 4x in less than 2 months, with an always known and strictly limited risk!

Triggered 10-28-19 at $.75, the Coeur Mining January $5 call reached $3.01 on 12-24-19.

That is Superleverage power on display.

As we approach our 31st year of publication, I can’t guarantee that all my recos will multiply, but I do promise to do my best to find option winners for you.  If that’s the type of options action you’re looking for, subscribe to Options Hotline today to stay a step ahead of the crowd.

Happy and Peaceful Holidays to all,

Steve

 

Gold at the Apex

Gold price chart

Chart by Steven Sarnoff h/t stockcharts.com

As you can see on our daily candlestick chart, gold shares have been consolidating for three months.

They’ve reached the apex of a large pattern that implies the likelihood, not the certainty, of a continuation higher.

The negative influence of a short-term downtrend came into play today.  The positive influence of a longer-term uptrend awaits just below.

Something’s gonna give.

We’ll see how it breaks out.

A weaker US dollar and the probability of the pattern have us thinking the Midas metal will shine.

Subscribe to Options Hotline today to vie for fun and profit.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

“The legacy of negative interest rates.  If I pay you to hold my money, I am declaring my money unsound.  The gold price agrees.”
— Chris Carolan, @spiralcal

The fact that investing in gold doesn’t pay interest has been a strong argument against the Midas metal for ages.  But the spreading of calamitous negative yields, as sovereign nations apply beggar-thy-neighbor policies to push on a string and debase their currencies  in hopes of spurring slowing economies, sparked gold to reach 6-year highs earlier in the week.

We shall see if there are any winners in the race to the bottom.  Gold is affirming its historic role as a store of value.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

“What is life but playing with time..?”
— Keith Richards

We’re heading up to LA for a few days to see our ‘kids,” celebrate our 31st Wedding Anniversary, and jam with the Stones!:-)

Their sound is timeless and always great to hear.  In my opinion, the old musicians are better than the old athletes; they can still play.

Investing is something done over time.  Speculators must be keenly aware of time.  Options are wasting assets, whose time decay accelerates over the last few weeks of their life.

In life, time truly flies.  We’ll be trying to slow it down a bit over the next few days, before we pick up the scrapings and get back to work.

Best regards and gold rings on ya,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Superleverage, it’s the only sensible way to speculate.”
— Paul Sarnoff

With Comic-Con in town, this struck me as a natural subject.  Superleverage is the art of profiting from changing prices, with limited risk AT ALL TIMES, without ever getting a margin call, asked to put up additional funds, or forced to liquidate your position.

The instruments of Superleverage are exchange traded put and call options.

Buyers of puts and calls are the ONLY ONES who possess the full profit power of Superleverage.

The Superleverage power of our method was on display again today, as our call on Barrick Gold Corp. (GOLD) closed +296% in a month, with an always known and strictly limited risk!

The underlying shares have made a nice move, from $13.89 to $17.35, propelling our recommended GOLD September $14 call option from $85 to $337!

If this is the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

gold pan

Photo credit: Paperny Entertainment

“Finding winners, especially big winners, is a process of discovery.  The losing trades are an integral part of that process.”
— Peter Brandt, @PeterLBrandt

Our recommended call option on Barrick Gold (GOLD), triggered 06-17-19 at $85, traded this morning at $280, +229% in less than a month, with an always known and strictly limited risk!

If that’s the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Gold chart

Chart by Steven Sarnoff, h/t stockcharts.com

“Folks using intraday charts to call the top of a gold move that is unfolding on monthly charts is hilarious.  Y’all are doing it backwards!”
— Chris Carolan, @spiralcal

Options Hotline Update, FYI: Our recommended Father’s Day call on Barrick Gold Corporation (GOLD), emailed Sunday evening to our subscribers, triggered 06-17-19 at $85 with GOLD at $13.86, traded 06-21-19 at $206 with GOLD at $15.68, +142% in 4 days on a 13% move in the underlying shares, with an always known and strictly limited risk!

That’s the Superleverage power of my method on display.  If this is the type of options action you’re looking for, subscribe to Options Hotline today to see how we stay a step ahead of the crowd.

The character of the behavior of price movement in gold is telling us a big longer-term breakout is in play.  Former resistance (supply) now represents underlying support (demand).  The strong red candles on my weekly chart above depict this vividly.

It’s important to view price movement from different time perspectives: monthly, weekly, and daily.  Consider the lines of average price movement, along with price movement irrespective of time and you begin to approach a complete picture.

Best regards,

Steve

GOLD Gets Going

Options Hotline Update, FYI: Our recommended call on Barrick Gold Corporation (GOLD) trades +131% in 3 days, on a 12% move in the underlying shares, with an always known and strictly limited risk.

Market moves accelerated following a friendly Fed statement.  Falling Treasury bond yields are weighing on the US dollar.  This is helping boost stock prices and it benefits gold, as well.

Continue reading

Your Almost Daily Bit of Wall Street Wit & Wisdom

h/t Shutterstock

“We typically trade our beliefs about the market, and once we’ve made up our minds about those beliefs, we’re not likely to change them.  And when we play the markets, we assume that we are considering all of the available information.  Instead, our beliefs, through selective perception, may have eliminated the most useful information.”
— Van K. Tharp

You are the most important factor in your success.  Understand and overcome your biases.  Use a trading system that’s right for you.

I believe that mind, method, and money management are the cornerstones of your complete game plan for trading success.

FYI: Our latest option recommendation, on Barrick Gold Corporation (GOLD),  is trading +30% in one day on a 2% move in the underlying shares, with an always known and strictly limited risk!

That’s the Superleverage power of my method on display.

If that’s the type of options action you’re looking for, click here to subscribe to Options Hotline today.

Let me know if you have any questions.  My email never sleeps.

Good luck in your trading!

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Paul Sarnoff

Paul Sarnoff in the early-1980s

“The way things are going, you’d better have at least ten percent of your assets in gold.”
— Paul Sarnoff

The Midas metal is perking up.   It could be that time, again.

Subscribe to see how Options Hotline readers are positioning to vie for fun and profit.

Happy Father’s Day!  I’m remembering my dad today.  Throughout my life, he reminded me, “The greatest gifts a father can give his child are roots and wings.”

Best regards,

Steve