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To: patron_anejo_por_favor who wrote (97286)4/23/2001 1:18:15 PM
From: ild  Respond to of 436258
 
OK, Thanks. My gold strategy: Sell naked puts on ABX and AU. Keep long HGMCY, NEM, GOLD ...
If gold stays still I make money on my short puts. AU and ABX hedge, so they won't drop in this case (I hope). If gold goes up a lot (I hope) I'll close my puts before ABX goes broke. Just last Friday my AU April puts expired. Today I sold new batch of short AU 15 Oct.

BWT, Did you read today's Roach? morganstanley.com
He's been bearish from 1996. He IS Luc's father. -G-