NEM

[Jack Haddad]

Now, NEM is a gold favorite of mine. I'm not necessarily thrilled about the manner it's holding itself around 50...However, since it pays great dividend (7%), I'm willing to do this: I bought 7k shares at 50,00, and sold the Jan 50 calls for 2.60 to hedge some downside.

Jack

[Jack Haddad]

NEM may challenge the yesterday's intraday support of 50.45. This is a stock that really tracks the indexes, particularly the Dow.

Jack

[Jack Haddad]

With our conglamerate national trade deficit, consumer debt, the threat of inflation, and softning housing market, I expect gold to hit at least 1500 per ounce...and no, I'm not being unrealistic here. Back in 1973, we hit a high of 1285; we didn't nearly have as much debt or global instability, then.

Jack

[Matt Moss]

This stock looks great. It had a strong breakout on 12/6 and a big volume accumulation day on 12/12. The stock has good fundementals. I like it.

[Jack Haddad]

Added 7000 shares at 48.95, and wrote 70 Jan 47.50 calls for 2.65/contract. Again, the intent here is to have my stock taken away. The support of 47.91 is solid! I still have the first batch of 7000 shares and still have the 70 Jan 50 calls which I wrote at 2.60.

[Jack Haddad]

The fall from the peak of 52.50 to 49.00, and then rise to 50.25 was very bullish. This pattern is called an inward reversal-- a bullish reversal.

[Jack Haddad]

Wow, NEM and gold prices are spiking up on huge institutional bids.

[Jack Haddad]

A new 52 week high is imminent. The 52.50 will be taken out today. and NEM will challenge 55.