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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: Enigma who wrote (25119)12/31/1998 8:43:00 AM
From: John Hunt  Read Replies (1) of 116782
 
Re Puts on Gold Stocks

Hi E,

Puts are like a rusting Ford ... A little bit disapears every day! Whenever I get an option idea, I try to lie down until the feeling goes away. Doesn't always work, but usually does. < g >

Besides, I would rather be long gold stocks and at the short term whim of an aging Fed Chairman intent on protecting his banking buddies as they unwind their gold shorts in LTCM, than at the whim of terrorist such as Bin Laden, Saddam Hussein or Kim what's his name in North Korea. Can you imagine?

John



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