We like ABX and GDX both for calls. It is basically the same trade so we would pick which one you like the best. GDX target is $67 on the current leg and ABX target would be $57. There are higher targets but these would be the levels we would look to scale out of the calls.
We had a buy signal last Thursday on both of these stocks but since then they are not up much so they are still valid here.
Short GLD and buy GDX would be a good trade here.
Happy Trading,
www.eMiniSchool.com
http://wwweminischool.wordpress.com/2011/08/16/gdx-sept-62-calls/
