SLV - ishares Silver Trust

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5 Hanover Square, 21st Floor, New York, NY 10004 Tel: 212.500.6650 Fax: 212.742.2737 www.meptraders.com Member NYSE, NASD, NFA SIPe

Timeline

Astrologer's Fund View

Levered ETF's

Sep Exp 9/18/09

_{Buy SLV to mid-February}

_Long

_AGQ

2nd Week October

Double SLV position for 3 weeks

Short

ZSL

Strategy (1 option) Initial Cost SLV Price 1/15/10 $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L 17 325 186 270 208 375 1500 430 717 444 35 16 225 129 170 131 275 1100 330 550 344 27 15 125 71 70 54 175 700 230 383 244 19 14 25 14 (30) (23) 75 300 130 217 144 11 13 (75) (43) (130) (100) (25) (100) 30 50 44 4 12 (175) (100) (130) (100) (25) (100) (70) (117) (56) (4) 11 (175) (100) (130) (100) (125) (500) (170) (283) (156) (12) 10 (175) (100) (130) (100) (225) (900) (270) (450) (256) (20) 9 (175) (100) (130) (100) (325) (1300) (370) (617) (356) (28)

SLV - iShares Silver Trust

Theoretical $P/L and % P/L of Various Long Strategies at Jan 15, 2010

Source: The Bloomberg

Jan 12 c $1.75 Jan 13 c $1.30 Jan 12p / 13 c Risk Reversal $0.25 Jan 12 p / 12 c Synth Long $0.60 Stock (100 Shares) $12.56

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Timeline

Astrologer's Fund View

Levered ETF's

October 27, 2009

Sell Gold to November Expiration

Long

UGL

Short

GLL

Strategy (1 Option) Initial Cost SLV Price 1/15/10 $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L 106 (100) (100) (215) (100) (1285) (8567) (1585) (10567) (1581) (18) 102 (100) (100) (215) (100) (885) (5900) (1185) (7900) (1181) (13) 98 (100) (100) (215) (100) (485) (3233) (785) (5233) (781) (9) 94 (100) (100) (215) (100) (85) (567) (385) (2567) (381) (4) 90 (100) (100) (215) (100) 15 100 15 100 19 0 86 0 0 185 86 115 767 415 2767 419 5 82 400 400 585 272 515 3433 815 5433 819 9 78 800 800 985 458 915 6100 1215 8100 1219 14 74 1200 1200 1385 644 1315 8767 1615 10767 1619 18

GLD - SPDR Gold Trust

Theoretical $P/L and % P/L of Various Long Strategies at August 21, 2009

Long Aug 87 P Long Aug 90 P Aug 93 c / 87 p Collar

Aug 90 c / 90 p Synthetic Short

Short Stock (100 Shares) $1.00 $2.15 .15 Credit .15 Credit $90.19

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30day Maturity Option Implied Volatility - 90% Strike vs 110% Strike

GLD - SPDR Gold Trust

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Timeline

Astrologer's Fund View

September 18, 2009

Short Gold Mining Stocks

December 15, 2009

Long Gold Mining Stocks

Strategy (1 Option) Initial Cost SLV Price 1/15/10 $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L $ P/L % P/L 40 (135) (100) (320) (100) (205) (4100) (427) (1425) (407) (11) 39 (135) (100) (320) (100) (105) (2100) (327) (1091) (307) (9) 38 (135) (100) (320) (100) (5) (100) (227) (757) (207) (6) 37 (135) (100) (320) (100) (5) (100) (127) (423) (107) (3) 36 (135) (100) (320) (100) (5) (100) (27) (90) (7) (0) 35 (135) (100) (220) (69) (5) (100) 73 243 93 3 34 (135) (100) (120) (38) (5) (100) 173 576 193 5 33 (135) (100) (20) (6) 95 1900 273 909 293 8 32 (135) (100) 80 25 195 3900 372 1241 393 11

GDX - Market Vectors Gold Miners ETF

Theoretical $P/L and % P/L of Various Long Strategies at September 18, 2009

Source: The Bloomberg

Long Sep 34 P Long Sep 36 P Sep 38 c / 34 p Collar

Se 36 c / 36 p Synthetic Short

Short Stock (100 Shares) $2.20 $3.20 .05 Debit .30 Debit $35.93

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30day Maturity Option Implied Volatility - 90% Strike vs 110% Strike

GDX - Market Vectors Gold Miners ETF

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