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The Newmont Diary


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The Newmont Diary

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  #101 (permalink)
Market Wizard
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The S&P and gold were down yesterday. Gold was ranging, on the plus side sometimes while the S&P was down and out. NEM took in all in stride.



Friday is the BIG day and pre-market the the S&P and gold are UP. In a holding pattern?

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  #102 (permalink)
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Fed Hints at Third Round of Quantitative Easing Alex Jones' Infowars: There's a war on for your mind!

Okay the Fed has spoken. The S&P virtually did nothing today; is that good or bad? Gold was up and I mean up. Maybe that means something.



NEM got going today to the upside on the get go. I had the 50 calls to expire today. It look like a long shot at the open, but then it wasn't. Yes the 50s would be called, no they won't and yes they will. It looked like profit taking would set into NEM around 3:00 PM, but didn't happen. With the long weekend and NEM surging past 50.50, I was in the profit hole. So, I decided to BuyWrite the Sept 21st 50s for over $75 premium on each set, to buy back down to 50 and open a free price window above; for I know not what Monday will bring.



This is Saturn, but Full (Blue) Moon tonight


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  #103 (permalink)
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I was thinking about the news article posted in the prior post. The "title" ....... "Fed hints". That's all there is to it. The "Hint" or someone saying hint. So the game goes on for the investing rubes. Because that's what is happening: market participates are being played like a violin. Not a problem; let's play.

GLD and NEM had very good volume today. That's positive for "UP". I am looking forward to next Tuesday to see if we get follow through.




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  #104 (permalink)
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No follow through for NEM, in fact, profit taking right from the open. Gold was up slightly. Silver up much more. Mining stocks were a mixed bag.

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  #105 (permalink)
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There Are No Nations Mr. Beale! It's All Business! - YouTube

No much today. Check out the charts.


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  #106 (permalink)
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On Thursday, a lot of trade-able action on NEM.



50 is the magic number. So I caught the trade on the 1 min chart. Then I wrote the 49 calls for extra premium.



The second trade was smaller in duration and this time I wrote the 52.5 calls to open the upside.




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  #107 (permalink)
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NEM went ExDiv. I have 800 shares on the books.



I wrote those 52.50s yesterday, so I just sat on the sidelines with price under 52.50 and no up move. I will have 200 shares called this weekend.

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  #108 (permalink)
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This is the week we have all been waiting for: the week of Universal QE.............. announcements.



So it slow going, into the start of the week. Price still under the magic 52.50

200 shares were called................. 600 shares to start the week.

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  #109 (permalink)
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Small trade, I was outside the house for the moment when I shouldn't have, but got into the trade late. And exited on time.


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  #110 (permalink)
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Check out the trades: I got into this trade on time. But if I want to max the profit, I need to get out sooner sometimes than later; so I exited on the violation of the ZLEMA. Only for NEM to run even higher. I decided to just do it and I bought back NEM and wrote the 52.5 calls for heavy premiums. And when profit taking hits NEM, it can be wicked.


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