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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Ross who wrote (579)4/19/1998 8:25:00 PM
From: Zardoz  Read Replies (1) | Respond to of 3558
 
Ross there is a problem that exists. It occurs when 95% of the population believes in miracles, UFO, and new paradigms. The USA is in denial over Japan and the rest of the Tiger's. Yet they sell gold cause it earns no interest. Reality often takes a back seat to finance and the fundamentals. This is why I suggest the Aug/Sep straddle. Since than I've found out that they don't exist for ABX in Canada.. woops But hey those $30.00 CDN Oct's are pretty cheap. I'm just waiting. He's why I want the further options:

Message 4121848

As you can see I'm not sure about the EU and the Asain pnemonia. I do believe that the EU will {when ever they do is a guess, it is suppose to be April 23} not allocate a large gold position for the EU Buck. But I still see Japan as a much larger problem, and that will effect gold more, through the drop of the US dollar.

So yes, I say the real trend of gold is un predictable, about 1 month out... But until we here from the EU, it should stay near it price... But right now, it's the world curreny that is controlling the gold price. If you email me I'll send you a *.BMP to take a look at. And see what I'm suggesting.... PS: I'm updating it now.