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Friday, March 29, 2024

Comment by gel1

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  1. gel1

     stjeanluc / ABX
     
    I look at Barrick as a long term  "momentum" play, that is subject to conservative corrections, that are short term, but looking forward –  it will be trading far higher than 50 in the short term. My target on this trade is short term, and looking for a quick 10%. I have other longer term gold plays that have differing strikes.  In terms of longer plays… I think selling the Jan 13  – 50 puts for near $9.00 is superior….. how can you go wrong with any upside play in the long term?.. some are better than others. With the play I suggested, I believe you will still be able to leg in to a subsequent play, but at a better price point.



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