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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bob Tate who wrote (8636)	3/21/1998 2:55:00 PM
From: Terry Rose	Respond to of 116764

Bob, I used to short the S&P 100 (OEX) with leap puts, but stopped on October 28, 1997 when the market made it's return from the dead. I agree with you that the Fed was involved in the futures market that day although they buried their tracks. I switched to leap puts on individual stocks, currently large U.S. banks with heavy derivative exposure to play any world chaos. My main investments are in gold stocks to play future inflation as a result of the expansion of the world's money supply. However, if Greenspan wakes up and smells the coffee and is really serious about inflation, he will be forced to meaningfully raise short-term rates. This will effect most stocks and in my opinion cream the large banks. You can buy puts (I prefer leaps for the extra time} through a stock broker or a commodity broker. I used to trade futures, but I did not have the stomach for it. I like trading stocks better. Terry,

To: Bob Tate who wrote (8636)	3/21/1998 3:18:00 PM
From: gregor	Read Replies (1) \| Respond to of 116764

Dear Bob: >>>>>Now if the price of gold starts to climb and the Federal Reserve raises interest rates that will be two more parallels and things will get very interesting." I agree with this prediction. There must be a start of interest rates hikes to initiate a major DOW correction or a crash.<<<<< Absolutely, I agree also. Also wouldn't you expect the pog to precede an interest rate hike, and Japan recovering quicker than expected , and asia economies coming back faster than expected. This being the case what is the earliest evolution of events IYO..gregor