We start closing out our GLD Puts when the market opens tonight below $1600 down to $1550.
At $1550 you should be out of all puts and long Gold & Silver again.
We will start purchasing GLD Jan 2012 & 2013 calls now below 1600 to 1550.
We will also start purchasing SLV & SLW calls at and below the current Silver price of $27.20 down to 21.
What a great opportunity we have been presented.
The patient disciplined investors are rewarded once again.
Great trade if you got in.
Best Regards,
Robert
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