• modest Narwhal_1005 : would you also nibble at shny?

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• 10baggerbamm OP modest Narwhal_1005 : this ETF that you mentioned is more of a well-rounded basket it not only includes the large gold mining companies but also what they call the junior mining companies.
  as they say a rising tide lifts All ships so yes you could feel comfortable buying this ETF.
  if gold rises back to 27 28xx, this ETF will go up nicely.
  I will point this out I will not buy this basket this ETF.
  and the reasons very simple I only buy ETFs that have options.. I like to have the ability to add to a position potentially by selling puts and collecting the premium and I like the ability to sell covered calls against my long position to generate income as well.
  when you buy an ETF that does not have options it limits your total return to only having the basket increase in net asset value so with this particular ETF gold must rise in order for you to have a positive return on your investment.
  with nugt if gold just stays sideways I can sell puts and make money I can sell calls and make money and my total return over the course of say 3 months is going to be about 20%.
  if gold does nothing with this etf shny your returns going to be basically zero.
  that's why I need to have the ability to sell puts and sell calls and why I will not buy an ETF that does not have options

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• Kim10 : which broker do u use to trade margin ?

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• 10baggerbamm OP Kim10 : I don't use margin, I do use leverage with leveraged ETFs and options but I don't borrow against equity and use margin to obtain leverage

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• Kim10 10baggerbamm OP : you don't sell naked calls at all?

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• 赌神加股神 : Why can't this open x2 be bought and kept?

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