You're right Bluebell and its the flaw in Clem Chambers article above.
Also he is really 'touting' spread betting on Gold, and without important stuff like ' spread betting is very short termist, as the financing of the bet overtakes likely gains after a matter of time'.
I spread bet gold , I have a bet open at the moment. Trading range $495 -$510 I think, anyhow
A spread bet is 'not for Christmas', its for the day after tomorrow.
He ( Clem C) infers, that spread bet long on gold and it will maybe get you to $1000 gold - that is of course tosh. The many re-testings of support levels, will wipe you out. You would only survive, if you had a £1-2 a point on it, and could afford a stop loss at $450! Even then in a years time, you might have made maybe £1K. or not!
Now his idea that you buy OXS too - well thats fine, IF you use the spread bet as a HEDGE . He doesnt mention that.
If I went long OXS at this high (to me ) price of 78p, I'd short gold as a hedge.
Care needs be taken.
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