KEEP IT SIMPLE TRADING Message Board

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Strategies & Market Trends : KEEP IT SIMPLE TRADING

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To: mistermj who wrote (172)	2/19/2004 5:40:13 PM
From: mistermj	of 321

Regarding XAU today. I did call some over night weakness in the index...but I mistakenly was acting like the XAU was a an ETF that one could short. Of course it isn't a trading vehicle...its just an index.I don't know of a way to short it except by using something as a proxy that correlates to it. NEM comes to mind as a possibility. By the way, Barclays applied for an ishare ETF today that will correlate to the price of gold. Thats welcome news and gives ETF traders a new vehicle that would be a nice disconnect from the regular markets and sectors.

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