Last summer the PRO Service started buying calls in NEM based on a monthly breakout pattern: NEM B/O Buy of the Month. This simple methodology has had a string of profitable trades, the latest of which was last Friday. I missed flagging it at the time, but based on past performance, its not too late to jump in. Consider NEM as a proxy on being long GLD/SLV. NEM Because we are already two days into this signal, consider a partial position now, while waiting for NEM to take out this morning's high print of $89.25 (currently NEM is trading at $87.64) for a full position. A close above $90 is likely to cause a sprint to challenge $98.58 (all time high), then $100+. Otherwise, a retracement of recent rally into low $80's is possible. Options Strategy This is pure pattern recognition, with option selection strategy defined as, "next month, just out-of-the-money," which I am making only slightly more complicated by including further out expirations at higher strikes. In order of personal preference (option quotes, including Change %, basis end of session, Monday, with NEM +5.8%): Dec $90 Call Jan $95 Call Mar $100 Call
