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Other than the cash flow from selling calls this appears to be designed to break even.
In this environment both gold and the market have been going up. I think this is because rates are so low and people don’t want to put 100% into stocks. I think 2020 will continue to be a good year for gold, but I also think it will be a good year for stocks too. And if they get to a point where they cancel each other out, yes the premiums will continue adding to my returns. In normal conditions, I would not own this much gold, but considering rated staying the same, election, stock market being so high, I will continue being bullish on gold this year too.
Location: Was Midvalley Oregon; Now Eastside Seattle area
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buy 100 $GBAB @23.86
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