Paramount Gold and Silver Corp. (PZG) is extending its gains from last week, adding another 18% this morning following a 40% jump on Friday.
Paramount shares surged $0.75 to 2.59 on Friday, after a new Dahlman Rose analyst report earlier in the week valued the miner at $13 per share, citing the potential of its wholly owned San Miguel mine in Mexico and the Sleeper Mine in Nevada.
Monday, December 13, 2010
Trading Strategy for High Gold and Silver Prices
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his end of year trading strategy.
Phil Streible,:.....the biggest thing that I think is that. Odd if we get this advance and it breaks out or get anywhere near like 1425. We saw considerable lot of selling -- And the selling was done by -- like hedge funds money managers people that are -- There are performance based and they're trying to book profits -- and and I think that don't recall man -- if they had any kinda. -- left over positions that people -- right there and then look to reestablish. In early January. The last question what you're here and strategy -- This year and now we're still lawn with a lot of people here on the one of the biggest thing that we did was sell what options which is a little bit more aggressive strategy you're settling wanna. I you know had some risk parameters worked out or -- we're looking at selling. You know February gold thirteen hundred points and then use enough premium from -- to -- call spreads for next December.
Phil Streible,:.....the biggest thing that I think is that. Odd if we get this advance and it breaks out or get anywhere near like 1425. We saw considerable lot of selling -- And the selling was done by -- like hedge funds money managers people that are -- There are performance based and they're trying to book profits -- and and I think that don't recall man -- if they had any kinda. -- left over positions that people -- right there and then look to reestablish. In early January. The last question what you're here and strategy -- This year and now we're still lawn with a lot of people here on the one of the biggest thing that we did was sell what options which is a little bit more aggressive strategy you're settling wanna. I you know had some risk parameters worked out or -- we're looking at selling. You know February gold thirteen hundred points and then use enough premium from -- to -- call spreads for next December.
Stocks, Gold Headed Higher: Charts
Dec. 13 2010 | The price of gold and Western stock markets are likely to see strong gains in the new year, but the recent selloff in long-dated government bonds could be stalled by the Federal Reserve, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
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