I’ve been looking to sell OTM calls in ETFs that I wouldn’t mine buying at a lower price if the market breaks down. Currently have my eye on GLD, SLV and USO but wouldn’t mind hearing from others who are doing the same.
So you are bullish on gold overall? Or do you see value in the industry at current levels in specific names?I forgot to mention that I write covered calls on Gold mining stocks.
I am, I cannot see how the debt bubble and the feverish printing of $USs and Euros will not end bad. I will not touch the stock market now, except Gold shares and retirement/health care REITs.So you are bullish on gold overall? Or do you see value in the industry at current levels in specific names?
I see gold as a hedge against inflation but I don’t like picking winners. Either way I accept that GDX would fly if we get a serious bid in gold.