I rarely do this – so we’ll see how it works out – but I bought 3 Mini Gold contracts this afternoon. I believe the Fed will cut rates tomorrow – by 0.50% I think, and the dollar will get taken to the woodshed.
This is a short-term trade, and I plan to be out of it by the end of the week.
Date | Position | Qty | Month/Yr | Contract | Strike | Call/Put | Entry Price | Last Price | Profit/Loss | Market Value |
09/17/07 | Long | 2 | OCT 07 | Mini Gold | 719.4 | 717.0 | ($159.36) | |||
09/17/07 | Long | 1 | OCT 07 | Mini Gold | 719.5 | 717.0 | ($83.00) |
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