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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: lbs1989 who wrote (18)10/9/2001 8:56:47 PM
From: d:oug  Read Replies (2) | Respond to of 39344
 
lbs,

Do you have room for platinum and palladium investments?

Its not an Si Cool Post, but any post from Zeev is "cool."

Replies to it include the words stocks, funds and futures,
of which I'm not sure if futures are done on this thread
as it seems stocks in individual companies mostly
eventhought I think Bob Johnson and others in the past
have mentioned funds. My guess is that futures are like
those who short or engage in crystal ball investing more so
that longs in shares :o) d:oug

SI: StockTalk: Strictly: Drilling II
To:George S. Cole
From: Zeev Hed
Tuesday, Oct 9, 2001
George, last May, I believe I suggested that in lieu of playing gold,
one would be better off playing a hedge long Platinum (then at $612)
and short Palladium (then at $642)(#reply-15826754) .
While that hedge, here after less than five months is paying handsomely
(Pt now at $427 and Pd at $339), and may still be left on,
right now might be a very good point to close it.
By the way, for the same post less than five months ago,
$295 is still standing proud as an invincible barrier for Gold.
Your response to me that before the end of the year gold
would be headed much higher, not much left in this year
for that to happen, and if September 11 and its repercussions
could not breach $295, what will? Zeev