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)|