TSE:HEP
29.39
0.00
(0.00%)
Analysis and Opinions about HEP-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 2, 2020
Nothing wrong with it. Covered call on gold. He's not a gold fan. But if he's going to play something as volatile as gold, he wants the full potential of growth rather than using the covered call.
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Nothing wrong with it. Covered call on gold. He's not a gold fan. But if he's going to play something as volatile as gold, he wants the full potential of growth rather than using the covered call.
DON'T BUY
DON'T BUY
September 13, 2019
He doesn't want a cap on it on something volatile. Gold has been recently volatile recently so he doesn't want a cap on it.
Show full opinionHide full opinionHe doesn't want a cap on it on something volatile. Gold has been recently volatile recently so he doesn't want a cap on it.
TOP PICK
TOP PICK
August 1, 2019
15 equally weighted senior gold producers, and they sell calls against it. Massive premiums. You get gold with equity leverage. Yield is 4.40%.
Show full opinionHide full opinion15 equally weighted senior gold producers, and they sell calls against it. Massive premiums. You get gold with equity leverage. Yield is 4.40%.
COMMENT
COMMENT
COMMENT
July 8, 2019
Gold stocks don’t generally pay a dividend. Horizons and a few others shave come out with ETFs where they write options and take the premiums. Over the last 5 years there is a loss but if you compare it now, you get a much lower return compared to the appropriate index.
Show full opinionHide full opinionGold stocks don’t generally pay a dividend. Horizons and a few others shave come out with ETFs where they write options and take the premiums. Over the last 5 years there is a loss but if you compare it now, you get a much lower return compared to the appropriate index.
DON'T BUY
DON'T BUY
February 7, 2019
Would like a Gold ETF but enjoys getting dividends - Don't think dividend and gold stock. They are two different things. Don't go together. Even if it pays dividend it is going to move a lot. Gold is going into a consolidation. He prefers XGD. The granddaddy in the space. But it is expensive at 65 basis points.
Would like a Gold ETF but enjoys getting dividends - Don't think dividend and gold stock. They are two different things. Don't go together. Even if it pays dividend it is going to move a lot. Gold is going into a consolidation. He prefers XGD. The granddaddy in the space. But it is expensive at 65 basis points.
DON'T BUY
DON'T BUY
October 21, 2015
Really doesn’t like this. If he is going to be writing a covered call position on gold, which he doesn’t like to begin with, he doesn’t want to be messing around with a yield component. He wants to get the full benefit of the rise in the price of the commodity, rather than hedging it off.
Really doesn’t like this. If he is going to be writing a covered call position on gold, which he doesn’t like to begin with, he doesn’t want to be messing around with a yield component. He wants to get the full benefit of the rise in the price of the commodity, rather than hedging it off.
BUY
BUY
July 31, 2014
It generates a good dividend by writing Calls against the positions it has in its portfolio. Between the end of July and through to September, gold miners tend to go higher.
It generates a good dividend by writing Calls against the positions it has in its portfolio. Between the end of July and through to September, gold miners tend to go higher.
DON'T BUY
DON'T BUY
April 2, 2014
Not a good investment. This is large-cap gold companies, so you are going to get the movement of those companies and you are going to get a dividend and a covered call premium attached to that. Right now you are getting a yield of about 13%. In the past 12 months, it was trading at around the $9 mark and is now at around $6. Yielding about 8% a year ago. Has no idea where gold is going to go.
Not a good investment. This is large-cap gold companies, so you are going to get the movement of those companies and you are going to get a dividend and a covered call premium attached to that. Right now you are getting a yield of about 13%. In the past 12 months, it was trading at around the $9 mark and is now at around $6. Yielding about 8% a year ago. Has no idea where gold is going to go.
COMMENT
COMMENT
September 9, 2013
He doesn’t follow it. In general he looks at upper $1400s to lower $1500s for gold prices in the coming year. We are in a trading range. Something needs to come along to change that.
He doesn’t follow it. In general he looks at upper $1400s to lower $1500s for gold prices in the coming year. We are in a trading range. Something needs to come along to change that.
COMMENT
COMMENT
December 17, 2012
If you are bearish on the sector and you want to generate some income, this is the way to play it. If we see gold above $1800, abandon this.
If you are bearish on the sector and you want to generate some income, this is the way to play it. If we see gold above $1800, abandon this.
COMMENT
COMMENT
June 19, 2012
Gold is very much misunderstood. It dropped about 30% in 2007-2008. Currently we have seen it come down from about $1900 to about $1600. Gold is not hedge against a geopolitical issue nor is it a hedge against inflation. Covered calls work great in a low volatile market and a range bound market but does not do well in a bull market. If you are bullish on gold, you do not want to own this one.
Show full opinionHide full opinionGold is very much misunderstood. It dropped about 30% in 2007-2008. Currently we have seen it come down from about $1900 to about $1600. Gold is not hedge against a geopolitical issue nor is it a hedge against inflation. Covered calls work great in a low volatile market and a range bound market but does not do well in a bull market. If you are bullish on gold, you do not want to own this one.
COMMENT
COMMENT
June 19, 2012
He has been a strong believer in the concept of writing Call Options against gold producers. Gold stocks have declined in the last 6-7 months. The other issue is that premiums written on this ETF are distributed to the unit holders. Advantage of writing covered calls is that the premium actually reduces the risk of your holding. Yield is about 18%. Pretend the yield is actually 8% and use the other 10% for a systematic purchase of the ETF.
Show full opinionHide full opinionHe has been a strong believer in the concept of writing Call Options against gold producers. Gold stocks have declined in the last 6-7 months. The other issue is that premiums written on this ETF are distributed to the unit holders. Advantage of writing covered calls is that the premium actually reduces the risk of your holding. Yield is about 18%. Pretend the yield is actually 8% and use the other 10% for a systematic purchase of the ETF.
DON'T BUY
DON'T BUY
June 1, 2012
Covered call on gold. When people see the very high yield, all it s doing is reflecting the price of gold and the very high premiums it is receiving. There is the volatility of the underlying commodity. This product doesn’t make a lot of sense to him.
Show full opinionHide full opinionCovered call on gold. When people see the very high yield, all it s doing is reflecting the price of gold and the very high premiums it is receiving. There is the volatility of the underlying commodity. This product doesn’t make a lot of sense to him.
BUY
BUY
March 26, 2012
Gold producers have not kept pace with gold commodities. Gold bullion is getting close to a rally point. They enhance by covered call writing. Uncovered call strategy will lag a straight gold strategy.
Show full opinionHide full opinionGold producers have not kept pace with gold commodities. Gold bullion is getting close to a rally point. They enhance by covered call writing. Uncovered call strategy will lag a straight gold strategy.
