RE: RE: seeing as we're all buddies here ...Thanks for the info flayer. My golden equivalent to HL is a "blast from the past" - I'm sure you can guess which! Along with their strongly rising production profile (this time it's for real), their costs of production went down $45/oz when Ghana reduced electricity costs in June, and the Ghanian currency has dropped against the $USD. I have been trading the GSSKZ's , on Friday the premium was only $0.10 - $0.15 over the intrinsic value. Sold most of my calls last week, have a 100 GSS left and 400 HL's. I am looking to sell the rest early next week.
I find it hard to imagine that the $USD will not rally next week with the G20 meeting coming up in Pittsburgh Sept 23-24. Would the US really have the balls to host that meeting with the $USD flirting with 52-week lows and participants like China & Russia questioning the role of the $USD as the global reserve currency? A spike in the $USD would send gold and the SM lower - a double whammy for PM shares. The markets are primed for a fall - the sentiment on some of the message boards is rabidly bullish.
If it happens it would be a great opportunity to load the boat, and back up the truck, - and prepare for the last & greatest bubble $$$.