Zacks' Voice of the People highlights opportunities with Silver Wheaton, SPDR Gold Trust ETF and Goldcorp

CHICAGO, Aug. 24, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "JaiH".

For more Voice of the People, visit http://at.zacks.com/?id=5851

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Following DiviMO in the Gold Sector

Following up on DiviMo's ideas I am following a buy write (covered call) strategy to generate income. I am also buying some puts to limit my downside risks. I decided to invest in the gold sector. The gold sector is volatile, so option premiums are very high. Even though the gold stocks don't pay much of a dividend, the option premiums more than make up for that. Gold is also in a bull market, so chances of making capital gains are higher.

I have found an ETF from Horizons alpha pro (Canadian ETF) which does the covered call strategy for precious metal stocks. Some of my money is invested in physical Gold with a Claymore ETF. The ETF is currency hedged, so I make money even when the US dollar goes down.

To limit my risk I have bought GLD puts, so that if there is a deep correction in Gold, I have some protection.

The objective is to generate 15% annual return on average while reducing the volatility of my portfolio. The volatility is low, for example Gold went down about 4% today, but I lost only 1.56%.

The most recent picks by «JaiH» are:

A buy rating on Silver Wheaton (NYSE: SLW),
a sell rating on SPDR Gold Trust ETF (NYSE: GLD) and
a buy rating on Goldcorp (NYSE: GG).

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