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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37640)	8/31/2003 8:55:22 PM
From: TobagoJack	Respond to of 74559

Hello Haim, I am looking at this chart cairns.net.au sent by a friend. He worked within a private partnership in many successive financial houses (GS, MS, CSFB, ...) managing money for some of the top families in SEASia, and is now early retired at a beach. He points out to notice how the chart was useful in illustrating the old option trade they used to do. Gold has real trouble going above 700-720 A$ per ounce. He says, "So effectively you can sell calls on gold struck above A$ 700 without undue worry on a historical basis. For that matter, it looks like selling puts at A$ 400- 450 is fairly safe too" Gold is now at AUD 579, in the middle, but of course ;0/ Chugs, Jay