That's what I'm doing with my position in EGO. The sold calls have helped minimize the damage in this long term position and this little run up will give me a chance to make this position a winner. In this market, covered calls is the perfect strategy.
sorry boys but between the commercials and the one or two or three banks that control the order flow in both gold and silver ( and perhaps all the other p.m ) this mini bull run leg ended ... maybe if a rally gets going later in the week in the other crap * euro / equities / aussie * cable / copper / palladium ( yada yada yada )) you will catch a bid again good luck
Train leaving the station on this one. I'm no gold bug, but this feels like a trend you don't want to miss. I'm playing it long-term in physical. Advise you stay away from the gold ETFs for anything other than a trade.