administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
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Posted: Sun Oct 08, 2006 8:30 am Post subject: XAU NEM & AU |
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The weekly chart below indicates little XAU (gold & silver index) downside and large potential upside. NEM and AU are relatively undervalued, volatile, and high quality gold stocks, that may be discounted enough to rise. NEM Jan 45 calls (currently 1.90) or AU Jan 40 calls (currently 2.35) seem best on small pullbacks. Also, it may be best to begin with a small position (e.g. one-third) in case of a further pullback.
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