[private][private]As a follow up to my post mid last week I wanted to reiterate a simple vertical call spread in GLD either as a stock replacement strategy or merely a near-term bullish bet on gold….
-My thinking is simple, first I think the market is gonna get smoked in the next month or so and gold will do very well, and in the event I am wrong (which is very possible) i want to define my risk on the bullish bet, as GLD has had a big run since late Jan (+9%)….the last 3 times since Oct that GLD has tried to break the $140 level and failed the stock has sold off about 5%…..
GO TO about 3:40 in the video:
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