AFB FortyEighters Gold II Program

The FORTYEIGHTERS II Gold Program is a "long-bias" program that employs discretionary futures and options trading strategies that seek to enable investors to participate in strong price moves to the upside while protecting positions (and mitigating losses) during market declines.

A basic component of the Program consists of buying futures and buying put options to protect core positions. While risk can never be eliminated, the basic goal of the program is intended to mitigate the overall risk in the program's core long bias. The Program may also incorporate an option writing (selling) strategy with the goal of profiting from time decay, offsetting some of the cost of the long put protection. The Program will maintain a long bias at all times. The Program's goal is to capture as much of an upside move in the gold price as possible while mitigating the risk of gold price declines.