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GLD SG$GG

GLD SG$

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GSD trade ideas

Long Options Trading: GLD Buy Call $181.5 Exp: 10/09Understanding The trade: As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 10/09 I will be looking to take profit by October 6th as the rate of decay factor starts to come into play as the contract approaches expiry. This should correlate nicely with the downward sloping trend that has been resistance since August 17th. If you have any questions, please feel free to comment below and follow. Thank you and trade safe. Reasons For Trade: • Following upward trending channel • Weakness in the USD Dollar after Trump announces he and his wife have COVID-19 • RSI validation on rejection of a break lower Trade Parameters: • Broker: Robinhood • Cost For Entry: Free • Contracts: 1 • Entry Price: .69 • Risk: $69 • Reward: $138 • ROI: 100% • Risk/Reward Ratio: 1:1
AMEX:GLDLong
by BradenH
GLD LongGlD has started forming handle for a cup and handle pattern. Guys remember this is the last time GLD will be seen at that price. Bottom of the handle is what everyone needs to keep an eye on. When confirmed it is time to load and hedge against USD. Because as previously posted, today VIX has bounced heading up, USD is heading north and GLD and stocks are going down. Bonds slightly up too. Market is telling us something. Election debate will cause volatility but it is our only chance to let USD go and buy something else. Warren Buffett bought Barrick gold as a hedge against dollar. Because he believes in businesses and Barrick gold provides some dividends and price growth as gold rises so does the margin for miner. This is my opinion and not a financial advise. Please do not buy or sell any financial asset or any other asset reading this posts. These posts are for educational purposes.
ALong
by Riainvestment
Inflation + GLD ($GLD $DXY $Sil $SPY #Gold #SPY)see full chart & Follow at www.tradingview.com A while back, you may see me call the top on Gold because it was up 25% in the last 12 months. while market was only 7%. Some things have changed since then, Gold came back down a bit, The FED (FOMC & Powell) have declared they would let inflation run wild. Interesting pattern on Gold, as market is starting to dip. we may get a slight bounce opportunity on GLD, as people panic and move into gld as hedge. What's my play? I will probably sell GLD puts at $179 to collect options premiums. What's the significance of this? KEY TAKEAWAYS About Gold -Gold has long been considered a durable store of value and a hedge against inflation . -Over the long run, however, both stocks and bonds have outperformed the price increase in gold , on average. -Nevertheless, over certain shorter time spans, gold may come out ahead. Gold vs. Stocks and Bonds When evaluating the performance of gold as an investment over the long term, it really depends on the time period being analyzed. For example, over a 30-year period, stocks and bonds have outperformed gold , and over a 15-year period, gold has outperformed stocks and bonds.
ALong
by WallSt007