Trade Ideas: Gold / GLD Long

I mentioned earlier that the character of gold was looking better, this is still a very speculative trade for all the reasons that I mentioned already regarding the market, Syria, shorter term trades, etc. On top of that, since we don't have complete signals in GLD, it's extra risk and as such I'd treat and approach risk management from a very conservative place.

I'm going with some GLD Oct. $126 Calls, this in addition to GDX which means I have to reduce the size as I'm already overweight precious metals/gold.

For equity longs there's long GLD, but to add some leverage you have UGLD 3x long gold ETN, UGL 2x long Gold and DGP 2x long gold ETN.