Another overview (w options) of the HUI 400 :
As posted on the 12th day of July
Gold's goose is cooked man - Just totally cooked.....
Just stretch a line up from the 2008 low.......and make it pass thru the big downgap of 3 months ago......
That's an uptrending ruler-line with a downgap on through it !......
The downgap of about May the 12th, shot DOWN thru the uptrend line :
* A glaringly brutal portent !
Canada's XGD on this date looks like this :
Place ruler at start date and have it go up to today's close :
So 15 bucks now in that etf is a shoe in :
With XGD at 17.80 (-.15)
Aug 16 puts = .16/.20
Sept 15 put = .15/.23
Dec 15 put = .50/.56