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To: rolatzi who wrote (38883)5/12/2002 8:11:21 PM
From: Shack  Respond to of 209892
 
Thats a good idea selling puts. The reason I am not anxious to hop on golds as well is that if there is indeed a coming 'C' downwave in the broad market, I expect the HUI will sell off as well. What did Prechter say about 'C' waves? "Destructive", "The only place to be is cash".

Lets not forget the XAU got cut in half during the '87 crash.