Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (36695)	7/22/2005 5:23:42 PM
From: russwinter	Respond to of 110194

You had asked why I don't trade gold futures. I split my gold activity two ways, the Goldtracker ETF (GLD) which I basically just hold, and the gold Amex small caps I use, which trade like options without the time decay. My theory on using them has also been that they could be munched at anytime for big takeout premiums. I believe they are worth far more than current market prices. That has NOT happened in some time however, but can't rule it out, hopefully when I'm well positioned in the target. I basically actively trade in and out of about a third to half of that "option" position depending on indicators and support/resistance points that I use. It's worked pretty well in a churning market. I'm getting rather bullish again now, and may get more aggressive (shoot for higher price targets) on the next upside move.

To: ild who wrote (36695)	7/22/2005 6:17:09 PM
From: futures speculator	Read Replies (2) \| Respond to of 110194

ild, I don't understand the point you're trying to make. 1/ I've never cited gold-eagle website. 2/ As far as I'm concerned, the gold market is managed / manipulated in the most obvious way. Central Banks seem to think doing it's part of their mission. I can't do anything to prevent it, but this doesn't mean I'm going to put on blinders and pretend I don't notice it. 3/ As for zero-sum game (not that it has something to do with gold or currencies in particular), I keep reading it for years. But I have the following question: Doesn't money (P/L) flow between futures and cash, due to arb activity? Commodity/Currency/Bond Futures aren't operating in vacuum (unlike e.g. sports betting futures where there is no "cash market").