GLD trade ideas
$GLD Classic Overbought Short Set-upVirtually any time you see a daily candle explode above the upper Bollinger band, with RSI > 80, AND the stock trades below the open price, it is an EXCEPTIONALLY good short opportunity!
Hedge at 132-135 for Gold $GLDBeen stuck in the channel, run-up was fun. Expect a large gold smash coming - always does before it takes off. I would buy puts on a low IV miner which moves more with gold. You could also sell calls right now above that and not worry about being called away imo.
GLD and the world nowGLD /// 2yr top is 127 ish
will Geopolitical events drive it there or over that???
the next top is 130 ish
My gut take is.. its time to open down position in GLL say 25%
Cup and Handle Formation on GLDClassic Cup and Handle formation developing may provide Gold with a launching path to higher prices.
DEFINE CONSPIRACY? "THEY ARE CALLING FOR RECESSION BUT GLD FLAT""Former JP Morgan trader pleads guilty to manipulating US metals markets for years"
-CNBC NOV 8 2018
What more do you need to know?
Target of...yes... 5K+ GOLD when CONFIDENCE in PAPER is LOST...COULD 'BREAK' THE EXCHANGES.
ODDS ARE...a new economic structure coming... yes...in our lifetimes...
Do you see the word TRUST?
THE WORD TRUST?
CAN YOU TRUST?
Trust....(is) the plan......MULTIPLE MEANINGS!
Don't blindly trust...
Why is it conspiracy if TRADERS PLEAD GUILTY?
It's not fun to find out we don't have a free market that finds fair value. We throw paper derivatives at markets and IT HAS BENEFITS...AT FIRST...
STRONG DOLLAR POLICY...who it benefits is up for debate.
We're about to hit the WALL...
Bullish Wedge in GLD- GLD
- Previous Bullish Trend
- Bullish Wedge
- Lower minimums and maximums
- Long position, when the price confirm a breach of the higher band.
GLD double bottom and upside MACD divergenceGLD double bottom and upside MACD divergence in place, have picked up some MAy 31 expiration $121 calls at 0.42. MACD says price should be around $121.5.
