HOT TRADING STRATEGIES FOR A COLD MARKET
Daily Stock Market Equity and Options Trading Commentary

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Sunday, February 15, 2009

All That Glitters is GOLD


With the stimulus package passing and another $1 Trillion of borrowed money being added to our debt, gold should sky rocket. Keep in mind gold trades in US dollars so if our dollar gets stronger it should help prevent it from climbing to fast. Overall gold should rise with how much money is being printed. Some good ways to get on top of the gold move are GLD which mimics the price of gold bullion, and another more speculative instrument is the UGL which moves in either direction with gold 2 for 1. I bought some UGL within a month of its release for about $22 a share and will look to lighten up Tuesday. I think Gold could easily hit $1500 by the end of 2009.


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