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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (446)	1/13/1998 11:56:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 2341

scotty, check out his chart. 207.95.154.130 Double bottom in.Change the time frame to day instead of week.I don't see gold going much lower.At 280 most mines in the world just don't make money.ABX was hardpressed to get to 15(IMHO).Remember, 278 is an 18 1/2 year low for gold.Now that's bottom fishing.I am abuying jan 99 leaps and will continue to do so.No way gold will stay down this low till next jan!. Those $1 calls should be worth $8 by then.ABX qould only have to get back to 28 for that to happen. Dave