be_ixf;ym_202104 d_19; ct_50

Select Page

Trade Alert: Nice Swing! Let’s Grab Gains on Gold …

Well, after a big down day, the price of gold has validated my bet I recommended to you with SPDR Gold Shares (GLD) December $120 Put options.

Those puts swung from a deep loss last week and are showing a roughly 38% open gain today. Yeehaw!

I think gold will continue moving lower next week. So, we could see that open gain grow larger. But since these put options expire at the end of next week, I’d rather not risk a loss of momentum (and premium) before expiration.

Let’s grab this gain now, and wait for an opportunity to place a new bet — a bullish bet — on gold in the coming weeks.

SELL TO CLOSE all your December 15, 2017, SPDR Gold Shares (GLD) put options with a strike price of $120, symbol GLD171215P00120000, at the market.

If this idea makes sense for you, I recommend you place this order as soon as possible.

Do right,
JR

Newsletter Sign Up

Sponsored

MEET OUR EXPERTS

WHAT READERS ARE SAYING..

“At the end of August [2018], my 401K was $659,000. Now, on September 4th [2018], it’s $715,000. My account is up $56,000 in the last 5 days!”

- Warren O

“I'm very Happy with your services. I hope you don't plan to retire any time soon! My retirement portfolio depends on your expert guidance. Keep up the great work! Thanks.”

- Randy

"You have done once again!! You are reminding me of the GREAT Joe DiMaggio with your consistent hitting!! You knocked this one out of the park!"

- Keith S.

Share This