Zeev's Turnips Patch-No Politics (ZEEV)

[hightecheast]

My June GOLD 'calls' are for JUNE, 2005.

They are mostly a hedge on my long-term stock positions, although I do believe GOLD has a good chance to be above 600 by June to December, 2005. I would have purchased December, 2005 calls, but there is very little liquidity for that period.

There is very decent liquidity in JUNE 2005 calls. Later, I will sell them, and move them further out on the horizon.

They are insurance to me.

Ken Wilson