Discussion in 'Commodity Futures' started by scriabinop23, Dec 4, 2008.

  1. No futures so to speak, but take a look at the charts here...

    The metal was in the 200-900 range in the early 70s. Now isn't much higher (you can get it at kitco pool for $1435/oz), considering how much time has passed. Was $10k/oz earlier this year.

    Any thoughts here? Huge bid/ask spread, so only appropriate for buy and hold. May be a great way to play economic recovery 2-3 yrs out... Might be an interesting play to pick up some here and maybe double down if it collapses to 500...
  2. zdreg


  3. Note: Offer is $1160/oz on kitco. Was about $1500 or so last week. I say a good long term gamble.