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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (16900)8/10/2005 11:57:16 PM
From: Claude Cormier  Read Replies (1) | Respond to of 18308
 
You may be right. $70 can be just a few days of trading away.

Tough game to call a top or a bottom for that matter.

In such situations, I like the idea of staying long the fav stocks and hedging with puts on indexes. In the oil biz, XEG puts are a good proxy for canadians, even if they are not very liquid.

C



To: Rocket Red who wrote (16900)8/11/2005 8:39:41 AM
From: Crusader  Respond to of 18308
 
The question one should ask is a high oil price not a sign of rampant inflation as are sky high real estate prices? Unless inflation is contained, we may well see much higher oil prices with setbacks along the way no doubt. Shouldn't this be good for gold? I am of the belief that the breakout for gold will be to the upside. The US dollar is looking ready to roll over.


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