Stock Operators—Gold, Silver, Oil

Silver: I said some weeks ago silver looked weak, it was at $33.50 or so, I said it may go down to $25.00, it’s at $28.84 as I write (14.28 am GMT Tuesday 27TH December 2011).

I know some of you are short silver, it would be sensible to take half of your position off the table and book the profit. “C-money-take-it” is my religion. If there is an attack in the Gulf region gold and silver will rocket.

Gold: Gold buffs hold on or maybe buy a bit more at $1550.

Oil: Oil will go nuts.

HOU.To is the Canadian ETF we buy, trades in high volumes. It is $6.40 right now, it has been at $11.

Fat Fish oil trade: You can make huge fat fish trade on oil if it hits $150 by the summer.

The ETF USO July 2012 strike $55 call is at 36 cents right now, if oil goes to $150 this option will be at $8-$10 for a twenty-times-ya-money or more highly gleeful profit.

Only make this bet if you can afford to lose it all.

A hundred options will cost you $3600 plus commission and you’ll get you $80,000–$100,000 if the Gulf oil crisis kicks in, or war with Iran happens.

Please seek proper professional advice before trading. I’m not a qualified advisor I only trade on visions. Stuart Wilde (www.stuartwilde.com)

©2011 Stuart Wilde. All rights reserved.