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"Risk comes from not knowing what you're doing" Warren Buffett I look and sift the world for such misplaced bets. When I occasionally find one, I first exploit it for profit. Then, I write about it for anyone else interested in such ideas. Twitter: @unemon1 Scribd:... More
  • The Rationale Behind The Timing Of My New KinrossGold (KGC) Short Exposure 1 comment
    Dec 30, 2013 6:42 PM | about stocks: KGC

    As I posted earlier this year, I am not a big fan of Gold right now.

    1. 15% SL on the Stock Short.
    2. No SL on Jan18'14 $4 Put.
    3. If I had to go long into a Gold-related Stock … I would go for IAG (as I did in the past).

    On a hypothetical $100k investment:

    1. KGC = $5.00 … $27.5K loss
    2. KGC = $3.50 … $116K gain

    Gains are driven by the long Put … Short underlying will allow me to recover the paid Put premium … in case of right idea - wrong timing.

    Here is what I am Expecting from the Gold Market the next year!

    - Bad Start into 2014 ... reaching the 1'080 area

    - Pull back

    - Resumption of the downward trend ... and finally break the 1'000 support

    Of course ... that's just my personal opinion ... and I would not be surprised to be proven wrong. Anyway... I am with the KGC Position ... I put my money where my mouth is.

    Stocks: KGC
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    Author’s reply » Despite a nice start into 2014 ... my fundamental opinion ... about GOLD hans't changed. Still looking to short it. A stronger dollar will not hepl gold in 2014 ... that's for sure.


    That's why I am aslo long feb 4 puts. I already predict ... this one ... not to be the best trade of 2014. For now ... working at ... minimizing losses.
    3 Jan 2014, 11:34 AM Reply Like
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