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YALE RESOURCES LTD V.YLL



TSXV:YLL - Post by User

Post by valueplaysonlyon Jan 16, 2011 10:38am
369 Views
Post# 17979882

A good cross trade to make!

A good cross trade to make!I   have been advocating that   there will  be a see saw between commodity spikes  and pullbacks    for most of 2011.    I  have been buying US banks  (  C,  MS,  BAC  and   buying long   out of the money calls 3 months out) when I see weakness in gold and commodities).  As  they  pull back  ( usually because of US dollar strength )    my  purchases made in Canadian dollars  appreciate. I  pick up  both the stock and currenct valuation  upside.  As the banks  run out of steam, I  sell call options on them  and go  short  and prepared to cover. I  also  then sell   most of my call options at a premium at that  point. Watch the US banks carefully  this week  ,especially Citigroup   which reports on Tuesday.  If  C  gaps up   Monday  or  Tuesday I think     commodity prices will fall  again this week.I  If C  falters  in price   after Tuesday,  commodities should  start another rally  and we may see another gap up  past the old high of 14.5 cents.     GLTA.
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