Monday, September 17, 2007

Trade Alert - Bought Gold

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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