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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: carranza2 who wrote (30723)3/11/2008 12:38:21 AM
From: TobagoJack  Read Replies (1) of 217820
 
Message 24358807

So I bought equal weight of these two new vehicles:

finance.yahoo.com GOLD DOUBLE short @ 24.29
finance.yahoo.com GOLD DOUBLE LONG @ 25.84

... because i know GOLD will not stay at 971 for long


because the beast is tagged to month's end prices, i believe, and so it actually is not very volatile, i think.

it behaves well, so far, but then of course gold seems stuck at 971 over past 11 days, more or less - probably because i had bought double long and double short ;0/

had i shorted the stuff, the gold price would have either zoomed to 1500 or tanked to 500
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