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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.67

-2.7%

4:00 PM EST

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To: Rarebird who wrote (75041)	8/15/2001 11:19:16 AM
From: Tommaso	of 116756

I do hold gold as a hedge against a dollar decline, but it did occur to me to ask myself the question, "Decline against what?" The answer, since no important currencies are directly linked to gold, was "Against other currencies." Does anyone know of any other readily tradeable warrants on foreign currencies besides those sold last year on the Euor by Merrill Lynch? Or is there a readily traded option on a foreign currency index, like the XAU options, which I own and trade? The Merrill Lynch Euro options are doing extremely well for me in the last few days (up about 60%), but I would like to play other currencies with something I can trade right in my Quick and Reilly account, the way I trade the Euro warrants. I do not wish to get into currency futures or even options on futures; I am pretty sure I would somehow manage to lose my shirt doing that.

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