Gold -- the eternal short? Message Board

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Strategies & Market Trends : Gold -- the eternal short?

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To: Mark Nelson who wrote (81)	9/25/1997 6:43:00 PM
From: Ed Pittman	of 114

Sure... Index options you are talking about the XAU and there is another one, I forgot the sysmbol ... The XAU: This is a option on I think 12 major Gold producers..ABX, Nem, PDG etc..Anyway you have to be right on both TIME and PRICE... You will pay a premium for the time ( months out) and pay for price if you are in the money or out of the money. Its hard to make money, unless its trending in your direction. i never buy and hold for one month to the next..I also find there is in a good market maybe 2 to 3 trades per month.. For 3 to 5 days at a time...So, you should know tech. chart work. Futures...Is more of a pure play...Instead of time and price...You only have to know price...You can roll over one contract to another with only paying commission.. its leveraged as it contains 100 oz of Gold...For every dollar gold goes up and you are long..That's $ 100 in your account. And out of your account if it is going down. You only have to put up Margin money which I believe is around $ 2000.00 per contract. I will get into coins and Gold Stocks on another post...Any questions I'm ready..I will check my facts on the Margin and the other Gold index. Ed

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