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GLD and Gold Could be Rallying into a Very Important PeakOn 9/8/19 I posted that GLD had marginally exceeded the 50% retrace of GLD's 2011 to 2015 bear market. It looked like GLD could be in a decline down to the 130 to 134 area. GLD made a bottom at 136 and, could within about a week - rally into .618 resistance at the 153 area. Gold Seasonal patterns are bullish into mid-February then bearish into April. So far weekly RSI, MACD, and Stochastic have bearish divergences. The evidence from the Sentiment dimension for all three precious metals is very bearish. The Commitment of Traders Report each week shows the net positions of the main trading groups; Small Traders, Large Traders, and Commercials. The Commercials have the most knowledge and money - they are the group to follow. Platinum is just coming off the largest Commercial net short position in 20 years! Gold Commercials are close to their largest net short position in 20 year! Silver Commercials are close to the largest net short position in 5 years! Follow the money - the biggest money for precious metals are making big downside bets. If GLD can rally into the 153 area within the next 5 to 10 trading days, it could be the best shorting opportunity since the major top made in 2011. Mark
AMEX:GLD
by markrivest
GLD-Double top formation , AlphaOverBeta Trade AlertHello traders, GLD was spotted on the AlphaOverBeta radar as forming ( Asymmetric) double top bearish formation, this usually means that the next move is to the downside, The formation is incomplete and will be completed once the price pattern goes below the 145.5$ level , watch out for this formation since its a high probability trigger, once formed, which may trigger a bearish move in GLD for the short term, Trade Smartly, Alon, AlphaOverBeta
AMEX:GLDShort
by Alon_AOB
GLD - MAY ATTEMPT TO RALLY TOMORROW TOP OF DOWNTREND 0. GLD may make an attempt to move to the top of the current downtrend channel, but make no mistake about it, it is breaking down below this channel and following the major downtrend to $120 that will unfold, related to Chinese slowdown, and the non-purchase of it as jewellery, which is 60% of it's usage worldwide. 1. Kitco already reported horrid 2019 Gold numbers, and confirmed a long term downtrend. 2. Gold only caught a bid due to "negative rates", "The election uncertainty", and "Corona End of The World BS"; 3. Long term trend is down to the $120 area easily as outlined by both Morgan Stanley and Goldman back in the fall, when they said to take profits at $145, and wait for $120 to enter back in. That will come true soon. - drchelsea.
AMEX:GLDShort
by drchelsea1
3
GOLD (GLD) - ABBVIE CORONAVIRUS CURE? Longs have Issues...This is just getting ridiculous with the rush to gold. It is go time: AbbVie has undergone a robust rally from the summer lows, ripping from a low near $61 to a high near $91. That’s about a 50% move in less than six months, and AbbVie stock was doing a good job consolidating the big run up. If Abbvie has a cure, you are all dead, like the virus: A 35-year-old Seattle-area man identified as the nation's first person with coronavirus developed pneumonia while in the hospital but has improved after getting antiviral medication, according to a new study. A report published Friday in the New England Journal of Medicine said the Snohomish County, Washington, man remained in the hospital as of Thursday and has no symptoms other than a cough that is improving. The study, which describes the man's symptoms and treatment but does not identify him, provides the most detailed look among the six reported cases of coronavirus in the U.S. On Thursday, the CDC and Illinois state health officials reported the first U.S. case of person-to-person spread of the illness – the husband of a Chicago woman who developed symptoms after visiting China. Public health officials warn that there are likely to be more U.S. cases, including the possibility of limited person-to-person spread of the respiratory virus, but they emphasized the risk to the public remains low. The outbreak has infected nearly 10,000 people, mostly in China, and killed more than 200 there. More Virus Notes and Possible Cure Here:
AMEX:GLDShort
by drchelsea1
2
Trading Edge 2020 Portfolio -Trade #2- GLD - Golden OpportunityPosition: - Long dated call options - Jan 15th 2021 expiry - $137 Strike - 0.71 Delta (ITM) - Cost = $12.10/ contract - Buy 1x contract Profit Target/ Exit: - $150 initial profit target - Two closes below $136 is exit signal (this would be around a 50-60% stop) Rationale: - GLD has broken out of the descending channel (period of consolidation) - Bullishly stacked moving averages - GLD can also act as a potenital hedge against other market long positions (MJ for example) should we experience a market pullback in Q1 - Bullish MACD cross and moving averages cross - Longer dated options give more flexibility in allowing the trade to develop, also gives us the ability to roll the contract to lock in profit and stay in the trade - GLD has had quite a nice move up recently and is at the 3 ATR on the daily, so a slight easing is possible, but any ease should not take us below our stop, if this breakout has any legs - Trading Edge
AMEX:GLDLong
by Profit_Link
GLDSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
AMEX:GLDLong
by System_T
1
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since. Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
AMEX:GLDLong
by BillionaireTomBoi
GLD - HOW AND WHEN TO SHORT IT - NEW IDEA / January 23rd EOD!0. Okay so follow along on this one, I will make it quick; 1. Last time GLD corrected, it was around the $145 Level; 2. It was September 4/6 2019, and it went from $145 to $140 in a matter of like 2 hours (just memory, I was short that day); 3. It rebounded off the $140 support level ; 4. PUT options on the $140 are dirt cheap, and GLD owners see that as support. 5. March 20 2020 $140 PUT - $38 cents a contract- so you can go 1000 shares short for $380 + fees. 6. GLD should SPIKE on January 23rd 2020. This corresponds to the Intel ( INTC ) earnings release; 7. Many believe that INTC may tank the market, as it kicked off the 2000 crash in March; 8. Algorithms are primed to either take this market to 3850, or to 3100 based on earnings ; www.cnbc.com 9. GLD people will load the boat on the 23rd and create a blow-off top; 0. At 3:45pm you will buy GLD March 20th 2020 $140 PUT for < $30c a contract. Throw $300 at it. If you want to take a larger position, you will need a UVXY hedge to counter this unless you are okay losing the premium. But remember you have 60 days for the New Bull Market to take hold, and the Gold Hedge to Unwind. That should be plenty of time. So just buy enough UVXY to cover the $X you spend on GLD Puts. So if you spend $10K on GLD puts, you need to hedge 10K against a meltdown. You use the UVXY to do this. VXX may not be the best hedge right now, UVXY is better (can't explain right now - no time - inefficiencies in the VIX ). If the market corrects, UVXY goes from $10 to $30 in about 2 minutes. So a $1000 purchase of UVXY would be $3000. Anyway, you need a married put or call spread to do this. This is the perfect straddle. So you would also on the 23rd of January buy a married put on the UVXY . So you buy the January 31st UVXY $10.50 put for 50c or whatever, and that give you a week with total protection, against INTC and AMD . All crashes up the 31st of January will only cost you about $500 US for 1000 shares of UVXY for a week. If the market crashes you make $20000 US in about 2 minutes when UVXY spikes to $30, and that is okay, as your $500 puts are worthless, but the stock has a delta of 1.0 so whatever you sell it at, minus $500 is your profit. 1. If you do this, you need to carefully watch the market next week. 2. If INTC raises guidance or beats, or whatever happens and the stock actually goes up on a tear, then GLD is really finished. Gold would probably be around $120 by the end of March and you will be $20K richer, for just a $300 risk/reward. 3. I don't know about you, but this is a nice setup. 4. I also don't think there will be any stops along the way. 5. You need options to do this; 6. So. You can buy all the semiconductors CALLS on the March 20 Strike you like and ALL the GLD PUTS on the March 20 $140 Strike, and just hedge the whole thing over earnings for about $500 bucks. Then you know the direction, and you run with it baby! 7. If you haven't been following my AMD thread, you have really missed out. Been trading it personally and we manage an investment trust on AMD as well. We are long from ~$28 and shares will have to be pried from our cold, dead, hands... - The AMD Whisperer
AMEX:GLDShort
by drchelsea1
5
GLD - GOING TO $120 WITH STOPS ALONG THE WAY, STARTS MONDAY0. As always read all my other notes on AMD and such. This is related. 1. GLD is done. No time for explanations tonight. Went massively long on all out performers Friday AMD (More), AAPL (MORE), CRM (MORE), ADBE (MORE). 2. We are above to start a new Bubble Upwards. People need cash to chase this bubble. AMD goes to $100+ soon. 3. GLD we went short heavily on Friday 10th of January. We are holding short and adding to $120. 4. I had this idea once before, based on fund flows, but I was a couple of weeks early. China signing, and earnings, cheap money, Feb, Trump PUT, and China, USA, and soon Germany Stimulus and Bubble Time. 5. GLD may be SUB $100 before this ends...
AMEX:GLDShort
by drchelsea1
7