Wednesday, November 4, 2009

How to Profit From the Fed Announcement, Markets and Gold Moving Up or Down

The Fed announcement today is eagerly anticipated and there is a lot of buzz in the market. Rates are widely expected to remain the same, but it is the wording that is important. They may well announce something to strengthen the dollar, or further easing. Either way can cause gold to move up, or down.

Here are some straddles to play, prices as of 9:35AM, on gold (through GLD and the highly volatile AUY), and or favorite, IWM.

These are computed with the StraddlesCalc tool.

Please do your own due dilligence. Options are extremely dangerous and may cause 100% loss. This is not advice!

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