Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Randgold Resources Limited: Options Trade Update | Main | Agnico-Eagle Mines Limited: Stopped Out of Call Options »
Thursday
Feb112010

Agnico-Eagle Mines Limited: Re-Purchased Call Options

AEM logo 20 feb 09.JPG

Just another quick note to let you know that in todays trading session in NYC we bought some Call Options and they are the MAY 2010 series at a strike price of $60.00, for which we paid a price of $4.64 per contract.

Yes, these are the very same contracts that we bought recently only to be stopped out by the trailing stop that we had placed in order to protect ourselves from a sudden drop in gold prices, which actually happened, albeit for a short time period.

Gold prices are up today with gold trading at $1096.10/oz as we write and silver is also joining in the fun trading at $15.67. Agnico-Eagle has put on 4.87% so far in this session so it should close reasonably well.

News of a possible rescue package for Greece by other EU member states has helped to quell fears about the EU for now, aiding the Euro and putting a cap on the US dollar.

This is going to be a volatile ride so hold on tight and be prepared to move quickly and utilize your 'stop' facilities.


All the best.

Got a comment then please add it to this article, all opinions are welcome and appreciated.

For those interested in Options Trading please click here.


To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.








PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (6)

Do you have any thoughts on Tanzania Royalty..TRE?

February 12, 2010 | Unregistered CommenterEd Durkin

I received this Gold Update this morning from MarketClub.
Copy and paste in a search engine.
They offer technical chart information via video presentations...The information is good and videos are well done.

http://broadcast.ino.com/education/gold211/

February 12, 2010 | Unregistered CommenterMark

Hello, I am an ex market maker on the PSE and have traded more options than 99.44% of people on the planet doing 1000's of options per hour. Never use stops, hedge with stock. Just a tip, if you need help you may email me first and then I will call you later since I have unlimited calling services.

Ron Lloyd
NYSE Investor

February 15, 2010 | Unregistered Commenterron lloyd

My AEM May $70 CALL Options target was reached this morning triggering a 111% gain in 13 days. These CALLS were purchased on JAN 29th for $0.95 and sold FEB 16th for $2.00 each. No doubt, I'm out early, but have a strategy that, so far, has been working out well - after paper trading for months and months and months. I keep reminding myself, it never hurts taking a profit!
There are some good opportunities out there, as large cap Gold stocks have been hit hard during this latest correction and are trading around support.
Monitoring other Gold/Silver companies on my watch list are: GG, ABX, SLW, and mid cap Canadian Cos.- ELD, YRI.
Good luck everybody and special thanks to Gold-Prices.net for being a 10-15% catalyst for my trading options.

February 16, 2010 | Unregistered CommenterMark

Mark,

Well done with the AEM Calls its always good to get feedback from the team.

As you know we were stopped out for a small profit when we bought AEM Calls, we took another look and then bought back in again, AEM is up 3% today so its heading in the right direction.

February 16, 2010 | Unregistered CommenterGold Prices

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>