Bull Put Credit Spread for Rising Gold Futures
November 15, 2007 by Daniel Beatty · Leave a Comment
With the dollar weak, the stock market down, real estate bubble burst, and oil going higher the market mood seems to be bleak. So what do the old rich guys do when things look down? They buy gold! Gold is at about $800 an ounce and futures are looking higher, so how do we play gold using credit spreads? Is there a way to take advantage of using stocks and credit spreads?
Absolutely! You find stocks on companies that are in the gold industry, such as mining, processing, retailing, etc. I talked about this last month here - creditoptionspreads.com/gold-how-to-profit-with-skyrocketing-gold
One of my favorite gold companies is GoldCorp (GG) and you will see that it seems to be Brent Archers favorite as well. Because in that post I mentioned he had a Bull Put Credit Spread Play on…well he does again so check out - Goldcorp (GG) lifted by rising gold futures
bull put, credit spread, gg, gold futures
