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Gold/Mining/Energy : GOLD-XAU

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To: Henry D who wrote (1733)5/6/2000 10:56:00 PM
From: IngotWeTrust  Read Replies (1) of 1756
 
Hello, Henry, I had great fun in a stint as a commodity broker a couple of decades back, and have never forgotten that exhilarating experience. It is NOT for everyone. It grew out of my midwestern background, and I enjoyed trading/advising in silver, soybeans and fat cattle.

When looking at leaps, you might spend some time with a decent researcher/street side broker, (I could name a good one for you privately if you like) who would help you understand the cyclicality of the market you are trying to time by buying leaps.

What I'm trying to say is that there are people who specialize in metals markets and damn few of them who can translate their knowledge of the mining into interpreting a balance sheet and FCF and help you not waste your money.

You could play calls on the commodities, but those compatible with equity leaps are so thin that you are really NOT going to find them liquid in case you want to get out, like an equity leap would more likely be.

All the best.
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