OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

It looks like premiums have finally collapsed in NUGT and similar leveraged long gold vehicles

Posted by Richard640 @ 10:05 on July 23, 2015  

I am not in the market to buy but was solo mirando [just looking]…they used to be so high–and not so long ago–it looks like the Jan16 $6 call on NUGT could be bought for 70 cent…but since gold is going to 700 then I will wait and buy a similar time dated and out of the money option then for 10 cent…or so the theory goes…3 times we’ve been at this juncture-this time it looks like the wolf is really at the door….as gold bugs ask:

me’ayin y’avo ezri? [from whence shall my help come?]

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.