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MoundReport.com's Trade Of The Month Gold Bear Put Spread James Mound JMTG's Head Analyst Apr 6, 2005 ***Special Offer to 321gold.com readers*** Open & fund a new account with JMTG Commodity Brokerage by April 15th, 2005 & receive up to $250 in commission credits Just Call 888-744-8866 or email info@moundreport.com for details. Trade description: Buy one June Gold 420 put and sell one June Gold 400 put for a cost of approx. $400-$450. Margin and max risk is the cost of the trade. Options expire on 5/25/2005. Explanation: Gold broke the long term arc (see recent gold article "Gold's Pending Collapse") and is showing signs of weakness as the dollar tests the recent highs. The market is in a mid-range looking for a clear direction, and the technicals say a breakdown in gold is more than likely. A bear put spread reduces cost, risk and margin while getting a great risk to reward ratio on a breakdown in metals without the exposure to the upside that a futures contract would create. Weekly Gold Chart Courtesy of Gecko Software's TracknTrade Profit Scenarios: Max profit is $1,600 (assuming a $400 cost) and occurs at expiration with the market trading at or below $400/oz. Profit is reduced by $100 per point above 400 up to 416 which is breakeven at expiration. Risk Scenarios: Max risk is the cost of the trade ($400) and occurs at expiration with the market above 420. Loss is reduced by $100 per $1/oz below 420 to 416 which is breakeven at expiration. ***Special Offer to 321gold.com readers*** Open & fund a new account with JMTG Commodity Brokerage by April 15th, 2005 & receive up to $250 in commission credits Just Call 888-744-8866 or email info@moundreport.com for details. Apr 4, 2005 James Mound JMTG's Head Analyst email: info@Moundreport.com Open a commodity trading account with JMTG Brokerage, the firm that brings you the MoundReport. Contact a customer service representative at 888-744-8866 or by email at info@Moundreport.com for more information. Charts Courtesy of Gecko Software's TracknTrade Disclaimer: There is risk of loss in all commodities trading. Please consult a James Mound Trading Group Broker before you trade for the first time. Losses can exceed your account size and/or margin requirements. Commodities trading can be extremely risky and is not for everyone. Some option strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. James Mound Trading Group, or anyone associated with JMTG or moundreport.com, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (clients or otherwise). Past results are by no means indicative of potential future returns. Information provided are compiled by sources believed to be reliable. JMTG or its principals assume no responsibility for any errors or omissions as the information may not be complete or events may have been cancelled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the express written consent of James Mound Trading Group LLC. Recent Gold/Silver/$$$ essays at 321gold: Nov 20 This past week in gold  Jack Chan 321gold    Nov 19 Stk Mkt Concerns & Key Tactics For Gold  Stewart Thomson 321gold    Nov 15 It's Rally Time For Gold  Morris Hubbartt 321gold    Nov 15 Trump’s Honeymoon in the time of the $36 Trillion Ticking Bomb  Nagasundaram 321gold    Nov 15 Gold Miners' Q3'24 Fundamentals  Adam Hamilton 321gold    Nov 14 Westward Gold Assembles the Last Jigsaw Piece for a Major Carlin Style Gold Deposit in the Cortez Trend   Bob Moriarty 321gold    321gold Inc