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Gold/Mining/Energy : At a bottom now for gold?
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To: Bobby Yellin who wrote (1781)10/5/1998 5:46:00 PM
From: Ray Hughes  Read Replies (1) of 1911
 
Bobby: Cheer up! Play both sides of the XAU or ASA. Both have sufficient leverage on the POG to move 40-50% in a few weeks. Given the leverage of options on either, one can make substantial gains (or losses) in a short time. Plenty of action and tension.

Otherwise, call options on Treasuries. Be your own "hedge fund." Borrow about a billion on a few dollars of equity and you, too, can get bailed out by A. Greenspan. Talk about rewarding the wrong-doers. Guess the borrowers own the banks when they borrow enough to bury a bank if the borrower fails.

RH
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