Thursday, November 1, 2007
Gold Gold Gold - ZAUWBA
We've been bullish on Gold for a long time and I think there's plenty more left in it yet. It might as well be $800USD an ounce after it's movement overnight, but this is something that we believe will be going north of $1000USD in the near future. We saw a good bounce overnight, particularly amongst American gold stocks, we'll see the same today in Oz. There's plenty of ways to play this including buying physical gold in Australia. ZAUWBA is a an exchange traded Australian Gold warrant, with the physical gold being housed in the Perth mint. You could of course just buy gold futures, which would give you a stack more leverage and a lot more potential upside or just buy Australian gold producers/prospectors.