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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (1075)	1/29/1998 5:29:00 PM
From: Bo Bob Brain	Read Replies (1) \| Respond to of 1911

Gold, and other commodities trade 24 hrs. a day. Gold trading in the USA starts at 9:30 AM and ends at 2:30 PM EST, but continues trading on other markets around the world. If you trade futures be sure that it is done via Globex, which enables you to buy or sell at any time. Always have a stop loss order to reduce loss. Should gold have a major decline over night and you are not trading on Globex, you will be unable to sell until the market opens and could lose quite a bit. Each contract controls 100 ozs. of gold and a $1.00 movement up in the POG represents a $100 gain. Each $1.00 move down in the POG represents a $100 loss per contract. $1000 controls $30,000 worth of gold at $300 gold per contract. Make sure your broker explains all the pitfalls before investing what should be risk capital only. Before purchasing, always know your exit points and adjust your stop loss orders accordingly. On Wed. the front month, the most active month, switched to April. If you hear London gold quoted over night, that will be the POG when gold opens for trading in the USA. The tremendous leverage in commodity trading can make you very rich or very poor quickly. Be careful. Disclaimer: this is not a recommendation to buy or sell gold or any other commodity or stock. This is general information and a registered professional should be consulted for his/her opinions. H.P. from BBB