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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: scotty who wrote (19656)	9/25/1998 3:04:00 AM
From: Zardoz	Read Replies (2) of 116762

"Derivatives are the WORST place to be in a meltdown." Go GOLD Go... It's over valued by $10.00 I'm option hunting for puts on gold Hedgers. Looking for a further rise today $2.80, than starting down Tuesday. Maybe you are missing the real reason why Gold is up... {Go scan the Japan Nikkei} ichart.yahoo.com^n225 It aint the short positions being covered, it's the currency Arbitrage being created. On Thursday there was a currency backtrack. mypage.direct.ca This chart shows long positions lower right, short positions upper left. Never failed since 1971. But it's too early to short YET. mypage.direct.ca When the Gold volatility line goes above the currency volatility {green line above the red} you have a dramtic swing in the POG down. So why is Gold going up: The return to Japan of assets. If you look at the RED line: mypage.direct.ca Price of GOLD is only reacting to a currency manipulation... A strong YEN, from Japan banks selling of asset, and bringing home they YEN. When the YEN breaks... it's over for gold. Gold is going to $250 and lower. But hey, it's your money... Just remeber this: A margin account is a derivative account. If you have ever shorted a stock, you've played a derivative. {Margin is leverage}

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