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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (2103)12/17/1999 4:08:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 19219
 
J.T., i just wanted to tell you, if you want to speculate on a run in gold and gold stocks, the S.A. miners may be a better vehicle than options...just imo of course. after all, at 3/16 not much can go wrong.

regards,

hb



To: J.T. who wrote (2103)12/21/1999 4:19:00 PM
From: J.T.  Respond to of 19219
 
ABX the fool that I am I bought more of these ABX AX Jan 22 1/2 calls for 3/16 right before the bell for kicks. Could have got em for 1/8 if I was paying attention. <g>

XAU and ABX closed technically very strong after off day yesterday and tomorrow needs follow through with second strong close.

I am looking for this XAU mover through XAU 70 as early as tomorrow. We closed at XAU 67.41 up 2.38% and ABX up 7/16 to 18 1/4 and up 2.46%. I am now looking for 3 out of 4 tomorrow if we get this close at 18 1/4 or higher.

There may be this converse relationship with higher interest rates and bond fears with higher XAU. Maybe someone can help me with this thought.

Speculation only. Must be willing to lose everything.

Best Regards, J.T.