SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (6745)9/10/2002 11:34:08 AM
From: Louis V. Lambrecht  Read Replies (1) of 33421
 
Hawk - I am a newbie on Gold.
All I know is that you can trade options on the indexes and that the CBOE is pushing her own index (GOX).
HUI has non-hedged miners (NEM is another story) and the XAU is, AFAIK, the most followed.

Read a piece recently valuing the XAU at 7grams of gold (simply, multiply the PoG by 0.225)
At PoG 320, the XAU should price 72. Above is dear, below is cheap.

The HUI always had more complicated evaluation methods.

Usually, I stick with the XAU.

If my last decision to trade was based on the HUI, it was mainly because the move there was more obvious and I tried to enter sooner.

So far today, @73, the XAU has closed yesterday's gap open.

For the HUI, I agree with your downside risk target of 120.
100 ? IMHO, won't stop there either next time.

Let the PoG futes hover a while 317.5/324: some long specs and banks would like to take some profits before the next run.

My $0.02
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News