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

To: long-gone who wrote (92681)1/17/2003 11:35:09 AM
From: Enigma  Respond to of 116811
 
We had a rudimentary hedging programme in place which always involved having a stop buy - at first we'd have it $20 above the sale price, but we got taken out frequently - whipsawed in other words. We aren't seeing $20 intra day swings yet - but then gold is still relatively low in price.



To: long-gone who wrote (92681)1/17/2003 12:37:25 PM
From: Gabe Heti  Read Replies (3) | Respond to of 116811
 
I remember that January day in 1980 when I walked into Friedberg to buy a gold futures contract. Gold was trading at $400 that day. I handed over my cheque for $7000, then took it back and ripped it up. Too risky, I thought. Next day up $10, then $20 and so on till it hit $800.

It was going to be my first futures transaction.

Missed it by thattttt much.


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