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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (47333)	4/20/2000 4:48:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 99985

What's the next best means to short the $US other than selling a future contract? Are there options on currency contracts? Yes there are options that one can buy on all of the CME currency futures. They need to be bought from a futures broker, hence one needs to have a futures account. If one sees a big dollar decline and also expects higher gold and commodity prices going forward they could look at something like FAX which invests in Australian Govt. Dept. If we see a rise in the AUD, back towards 70 cents that fund could well move back towards 6 from it's current 4.31. It also pays a 12.5% dividend. it was paying a .06 cent a month dividend this past year, but reduced it to .045 a month, they might cut that back to .04 cents a month but it is still a nice yield play, with the currency kicker. John