You are going to get sick of hearing it, but Gold continues to go higher. As an investor, you only need a couple of good ideas per year, to be outrageously profitable. I have been on the Gold story for the last $200. It is currently heading higher this morning. Here is the kicker. The dollar is as strong as it has been in months. With a weaker dollar, Gold would be at least in the $1200 range right now. There is still time. This one will go higher.
Another trade I have just put on is Silver (SLV). Silver is a little different than Gold in that it is more of a bet on a long term recovery in the economy. Silver is used in more industrial applications as opposed to Gold. Gold is much more of a financial trade whereas Silver is more of a big-picture economic trade. I bought the $20 Jan 2010 calls. They are currently trading for about $1.00 per contract.
Do not go overboard with this trade. It is easy to think that you can load up on a ton of calls because they are cheap. Think about this trade in terms of portfolio percentage. While I am very confident you will make a TON of money on this, make sure you aren't putting a large percentage of your portfolio in this or any particular trade.
I will be back tomorrow with more trades. Until next time, stay low risk..
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