Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73198)	4/9/2010 3:34:11 PM
From: Haim R. Branisteanu	1 Recommendation of 74559

Medium Term – Buy Gold - it seems there is life in gold After four months of range trading, gold is showing renewed signs of life. The recent break of 1133 completed a multi-month Head and Shoulders Base, pointing to renewed strength towards 1250 and a resumption of the bull trend. With sentiment rebounding from bearish extremes and speculative positioning at their lowest levels since April 2009 (according the CFTC Commitment of Traders Report) positioning remain relatively light. As such, Barclays Capital expect price action to continue higher in the months to come and recommend the following strategy: Buy 20% of a 3m 1152 call with a 1325 knockout and rebate for $30. If price trades through 1325, the investor gets the initial premium back. In contrast, the vanilla 3m 1152 call costs $47.60. Hello TJ are you "loading the truck"?

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