GLD Charts, GLD May 3 $134 Call P/L & SLV Update

I still like GLD a lot, however I/we still have a May 10th $130 call in GLD whereas this one expires next week so the time decay is going to start getting more serious on any loss of momentum, even a normal healthy consolidation.

If I were long GLD stock or any of the leveraged gold ETFs, I'd stay right there and sit through any potential corrections for now.

Here's the P/L for the Calls just closed as well as some charts and the SLV analysis as that was a long/call position entered yesterday doing fantastic today.

At the $6.25 fill, the gain on this position from late last week is 84+%

 There's a slight relative negative divergence in the intraday 1 min chart, that could be nothing or perhaps an intraday correction (at minimum) if it creeps to the 2 min chart which there are some initial signs of.

However, nearly every other timeframe looks excellent for GLD and today's strong dollar just makes the move that much more impressive.

This is a 30 min GLD chart with a very recent, very strong Leading Potive divergence, this is why I think GLD has a lot more upside, on a gap fill/correction, GLD will likely be a great add-to or new position whether using calls or a leveraged long gold ETF.

As for SLV which we started yesterday, it's already up over 70%, so far the charts look excellent, we have at least confirmation and leading positive divergences, there's a substantial gap that will likely be filled at some point and that will almost certainly make a great entry for anyone interested in SLV calls or a 2x leveraged ETF like AGQ.