GLD-C1 Warrant Go Up With Gold Price

Gold has gained more than 25 percent in 2009, driven by persistent weakness in the U.S. currency that has lost more than 6 percent versus the euro so far this year, and recently by the failure of a meeting of the Group of 20 finance officials to talk more specifically about the dollar's decline. U.S. December gold futures jumped as high as USD1,105.4 an ounce to another lifetime high.

As back home Malaysia Gold price also hits lifetime high at RM120 per gram and when you look at the RSI on a 14-day basis, it's still in a positive story because it's not overly bought. So, there's
potential for further upside. However in Malaysia if buy with PBBANK or MAYBANK we can not maximum ours profit from this potential gold price hits higher by year end (usually gold price will drop on 1Q of the year) so I think this GLD-C1 warrant may likely to fully profitable during this further upside. The warrant price move base on SPDR Gold. The only risk is this warrant will expire on Apr 2010 so this warrant is short term investment tool, don't keep this type of warrant.

GLD-C1 data is as below:-
Instrument Type
:
Structured Warrants
Type of Structure Warrants
:
Call Warrants
Description
:
NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS
Underlying Stock
:
SPDR® GOLD TRUST
Name of Issuer
:
OSK INVESTMENT BANK BERHAD
Stock Code
:
0700C1
Stock Short Name
:
GLD-C1
ISIN Code
:
MYJ0700C1K40
Board
:
Warrants Board
Sector
:
STRCWARROTH
Initial Listing Information
Listing Date
:
08/07/2009
Term Sheet Date
:
01/07/2009
Issue Date
:
06/07/2009
Issue/ Ask Price
:
MYR 0.1500
Issue Size Indicator
:
Unit
Issue Size in Unit
:
80,000,000
Maturity Date
:
07/04/2010
Revised Maturity Date
:

Exercise/ Conversion Ratio
:
400:1
Settlement Type/ Convertible Into
:
Cash
Exercise/ Strike/ Conversion Price
:
USD 88.5000

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