Golden Minerals Company

Since buying the Sinclair $1,650 call option ( 35 contracts at a $1,500 strike price by Jan 21, 2011 for $.90) for $3,000 a little over a month ago, it is now worth $5,000. If Sinclair's $1,650 target is reached by Jan 22, 2011, I will sell my $3,000 investment for $50,000. The hedge funds can short the juniors all they want but will get run over by the rest of the world when it comes to the price of gold and silver. The SLV call options have done even better than the GLD. It's not physical, but the leverage is fantastic and since I've followed Sinclair since 2004, I thought he was worth a $3,000 spec play.

stateside