Time to Go Long Gold AGAIN $GLD $NEM $WPM
GDX and WPM are tracking close to each other.
NEM however is weaker.
So, I am hoping to build a position for a Long trade AGAIN in the Pullback. This time it will be for a longer duration.
NEM however is weaker.
So, I am hoping to build a position for a Long trade AGAIN in the Pullback. This time it will be for a longer duration.
Commentaire:
Time to hedge this long exposure. Short term Hedge so, we dont let our options expire.
1. Buy Iron Condor for 50-50
2. Set up Put Back Ratio Spread (For a Credit or as close to $0)
Primarily because USD (DXY) shows bullish sign, could rally $97. If so Expect GLD to drop to 165.
1. Buy Iron Condor for 50-50
2. Set up Put Back Ratio Spread (For a Credit or as close to $0)
Primarily because USD (DXY) shows bullish sign, could rally $97. If so Expect GLD to drop to 165.
Uday C Santhakumar
Running blind here, so cannot update optimal adjustments or any such. Sorry.