How Cheap Are Gold Stocks Relative to Bullion? [View article]
A thought-provoking post. I read somewhere that in looking at gold stocks, one has to assess the extent to which its production had already been spoken for -- using your option analogy, the extent to which a company has covered calls. When so, any price appreciation above the call price belongs to the owern of this call option. This may explain why your synthetic value far exceeds the market value. Perhaps I am wrong.
Nowhere to Turn: This Bear's Different [View article]
How Cheap Are Gold Stocks Relative to Bullion? [View article]
Thursday's Options Report: XLF, ABX, BIDU, YHOO, WCG, MDCO, NTAP, CMCSA [View article]