It does not make sense even if one really tries to understand. Gold and GDX are going a lot higher from here own, they both have been way oversold and only move from here is up. And GLD puts are not cheap either. So why erase a big chunk of your GDX profits by betting against GLD which is surely moving higher from this point. Also I doubt if GDX will go up with GLD going down !
I am not sure why Peter even entertains fools like Norman who are shameless disgusting pimps. Guys, he is the same guy who wanted you to buy Bear Stearns at over $70-80.
Peter, you have had enough publicity, so cut it out. Be classy. You are beginning to look more like Norman but on the other side. Stop biting at every bone they throw at you...
Gold: The Only Remaining Bubble? [View article]
Fools never learn !
Own Gold? Time to Fold [View article]
...and idiots never learn !
Options as a 'Gold'en Opportunity [View article]
Interview with Peter Schiff [View article]
Peter, you have had enough publicity, so cut it out. Be classy. You are beginning to look more like Norman but on the other side. Stop biting at every bone they throw at you...