How Can One Trade the Volatility on Gold?

Gold may continue to climb another 25% from its current value, or it could fall to half of its value by the end of the year 2010. Remember how oil rocketed and then crashed?
Instead of investing directly into the commodity at this late point in the game, many traders are purchasing future option contracts that allow them to speculate with leverage while managing risk. If an investor believes the price to still have some upward momentum, he could employ a short term bull call spread. If he thinks the price will decline he could employ the bear put spread

As well, the investor could directly purchase gold and purchase gold future put contracts to give him upward profitability while protecting his assets.
Another method is to trade gold based stocks instead of the commodity itself. A way to trade these volatile stocks is outlined in this article. If the stock is optionable and has high implied volatility, this system could return over 100 percent gains even in bear markets.
If one is bearish on the price of gold, one merely needs to reverse each strategy. Short the gold stock or commodity futures and hedge with call options.

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