THE WINDY CITY TRADER
P.O. Box 1673, Chicago, Illinois
(August 19, 1997) METALS: Precious metals are finally showing a pulse. December gold rallied to 333 before dropping back. September silver finally rallied through $4.55. A dip to $4.40 could be a decent buying opportunity. Recent stock market weakness may finally shake gold out of its doldrums. Since gold options are fairly priced, we will continue to recommend to buy those. A move over $334 basis December futures should accelerate this move.
Stephen Connell and William Frejlich
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