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


To: Rarebird who wrote (75041)8/15/2001 11:19:16 AM
From: Tommaso  Respond to of 116759
 
I do hold gold as a hedge against a dollar decline, but it did occur to me to ask myself the question, "Decline against what?"

The answer, since no important currencies are directly linked to gold, was "Against other currencies."

Does anyone know of any other readily tradeable warrants on foreign currencies besides those sold last year on the Euor by Merrill Lynch? Or is there a readily traded option on a foreign currency index, like the XAU options, which I own and trade?

The Merrill Lynch Euro options are doing extremely well for me in the last few days (up about 60%), but I would like to play other currencies with something I can trade right in my Quick and Reilly account, the way I trade the Euro warrants. I do not wish to get into currency futures or even options on futures; I am pretty sure I would somehow manage to lose my shirt doing that.



To: Rarebird who wrote (75041)8/15/2001 11:44:22 AM
From: re3  Read Replies (2) | Respond to of 116759
 
gold down 1.85 per my boob tube.

i'm really puzzled for the short term, as such i'll stick to my strategy of selling calls on the optionable golds and holding the harmony's and the specs and the beaten down silver plays outright...