As we saw last week, there was a GLD gap that I didn't think would hold, although GLD, GDX are doing a really great job putting together very strong positive divergences, a move like today's doesn't have the confirmation and looks good for a very quick fade, however because of the market correlation, I'm making this one very speculative at 1/3rd size of a full position.
I'm going with June (monthly/21st) expiration at $121
I anticipate this being a 1 day trade, but whatever it gives.
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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