I'd prefer something around a $125 strike, but I've been having trouble getting fills so I'm going to try $122.
I'll post some GLD and gold futures charts, this is more or less a play on a market bounce that I'd expect probably to take shape late Wednesday. I was considering replacing the UVXY trading position that was just closed with a GLD 2x leveraged short, but the leveraged products for GLD have very low volume, but I would not be opposed to a GLD short or a 2x leveraged Gold Short ETF either.
Charts coming.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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