Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (56364)	4/18/1999 5:14:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

On the BBC this evening I hear that the Swiss have voted to go off the gold standard and that the government plans to sell half their gold reserves. I wonder how low that will send gold. (Not good news for me, since I hold a fair-sized cushion of precious metals.)

To: re3 who wrote (56364)	4/18/1999 7:00:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Howard, I've got gold stocks. I don't have any of the glittery stuff. I have a palladium position I zip in and out of regularly, but I am out at the moment. I have a long term platinum holding that I haven't touched for months. I have had copper in the recent past, but none right now. I don't know if this move is sustainable in most commodities. The latest economic numbers weren't so good for capacity utilization or housing, so the rise in basic materials seems kind of odd. Gold and platinum, of course, march to a different drummer and I like them both, with more weighting on the platinum/palladium/rhodoium complex. Options income is tough. Since you are actually selling secured puts, I prefer to play the options income game at bottoms. The bond option income plays are, IMHO, a better deal. But they are big bucks, with $100,000 per contract minimum.