Forum Archive Index - January 2004

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: [sharechat] Gold Woody

From:	"Cristine Kerr" <criskerr@optusnet.com.au>
Date:	Thu, 29 Jan 2004 12:47:00 +1000

Hi Woody,

Sharechatters should be aware this may cause some temporary instability for gold stocks, eg; Intec (INL).

Would you agree?

Regards,

Cris

----- Original Message -----

From: Woody

To: Sharechat@sharechat.co.nz

Sent: Thursday, January 29, 2004 11:48 AM

Subject: [sharechat] Gold Woody

In recent days, April Gold has been in a fairly narrow trading range, between 414.50 and 406.3. A close below 406, which we could see today, should pressure the gold down to at least $397 an ounce, and possibly as low as $388 within a matter of days. This is a 50% Fibonacci retracement from contract highs.

From those levels, I would look for an opportunity to initiate an option strategy. A stradddle would be good here as if gold rallies again it would quickly pay for the Downside Option.

A straddle is the buying of a Call and a Put @ the same strike price, effectivly hedging your self.

Woody

Replies

Re: [sharechat] Gold Woody Woody

References

[sharechat] Gold Woody Woody

Messages by Date [	Next by Date:	Re: [sharechat] Gold Woody Woody
	Previous by Date:	[sharechat] Gold Woody Woody ]
Messages by Thread [	Next by Thread:	Re: [sharechat] Gold Woody Woody
	Previous by Thread:	[sharechat] Gold Woody Woody ]
Post to the Forum [	New message	Reply to this message ]