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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (49962)	3/3/2000 7:42:00 AM
From: William Peavey	Respond to of 116764

I have been following the endless debate here about the pros and cons of the price of gold for years. For most of this time gold has been the biggest loser I have ever held. A tribute to my fear. In November, I decided this waiting for Godot was bullsh*t, and changed my Y2K ways buying and participating in the tech rally from November 23 to Dec 22, when I got out except for shares in Echelon. Fortunately some deft Y2K hedge call option trades in ELON, (10 to 100 in 14 weeks) have corrected every investment mistake I ever made by a substantial multiplier. But I keep watching here. Remember the big gold pop in October? I'd made some observation about how futures options would have paid off if one had had the courage or intuition to buy them. I am unable to buy futures contracts or options as my brokers do not offer them, so as a proxy I bought XAU FT June 100 calls on January 3 when the lights stayed on, coincident with adding to my EUL call positions. The XAU's were 1 3/4 ($175 per contract)and I bought five. On Feb 28 I bought 40 more at 3/4 ($75) per contract. I am now ready for gold to rise this spring. I won't post, unless this hits. But I feel compelled to add that many of you waste much unprofitable time on this thread carping at each other. Accur8Bill