With GLD at or near all time highs, looking to buy the back month -90 delta put and sell the front expiry +30 delta to synthetically emulate a covered put with -60 delta or so. Will look to take profit at 110% of my cost basis (i.e., a 21.57 credit, resulting in a 1.96/$196 profit). Metrics: Max Loss: 19.61 debit Break Even: 190.39 relative to 189.64 spot...
Can you preserve your capital and earn #yield The #crypto market still offers opportunities to do so. Both #gold and Silver are undervalued on a historical basis, and provide places to hide capital during times of #economic uncertainty ... a neutral asset. But #bitcoin the versus #gold debate will rage for the next decade ... owning both is a good hedge....
Gold was sparkling today gold market looks very bullish TVC:GOLD AMEX:GLD which is the new TVC:VIX ultimate fear trade
Heads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here: 1. There is a third lower high (not bullish) 2. Gold is breaking back into the range (really not bullish) 3. The MACD is weakening, the...
First US banks have been closed by the FDIC for insolvency, let the panic begin and let the rush to hard assets start to unfold, who gets the capital first? Gold or Bitcoin? my money is on Bitcoin.
gold has upside.. expecting it to push toward its real valuation all time high.. over time gold has performed poorly at preserving capital. but academically recognized inflationary environments could be what was missing.
So many indicators and time frames are bullish GDX right now with bull divergences and montly MacD cross. Classic cup n handle formation with a backtest of cup in progress. Im no EW guru but it looks like we are at the beginning of wave 3. Good RR here with a stop at $31. Let me know what you think of analysis. Cheers.
last week was the first weekly close below 2k in GC since the recent breakout. Weekly chart highlights the multi-year range, big question is whether sellers have enough to re-take control of near-term trends this week. I don't doubt that Gold can prod a lasting move above 2k, I just don't think that'll happen until the Fed pivots and I'm not expecting that while...
The chart posted is now setup with a Negative Divergence see RSI I am buying puts in slv and gld this week
Now, if the fed pivots may 2nd.. i'd expect walmart to fly sky high to new highs.. but theres a recession coming. Aint nobody going to buy walmart into new highs in the face of a recession. me thinks ****s about to hit the fan.
DXY weakness translates into strong gold and now with fears of dollar losing reserve status and Russia buying record amount of Gold, there is a confluence of indicators suggesting now is a good time to be long gold over the next year or two
A pullback to 1950 would provide a good entry zone for then next wave up toward 2100
The Gold rally faltered today into uptrend resistance on building momentum divergence, just ahead of the 2022 high-day close at 2050. Initial support with the March channel (red) with the broader outlook constructive while above the median-line (currently ~1920s) Ultimately a close above the record high at 2075 is needed to unleash the next major leg higher in...
... for a 19.98 debit. Comments: Taking a bearish assumption directional shot in GLD here on strength. Buying the back month -90 delta put and selling the front month +30 to emulate the delta metrics of a covered put (i.e., short a one lot of stock + short a put). Cost basis of 19.98 with a 190.02 break even on a 25 wide. 5.02 ( SGX:502 ) max profit, assuming...
Gold has rallied over 26% in a few months. That is a massive deviation from the mean move in Gold, ofcourse much of this move is from banking fear. With an upsloping wedge pattern forming, gold is likely going to make a new directional move. Probabilities favor a break lower from this pattern but we shall see if Gold has other plans.
A breakout of the monthly opening-range takes Ethereum towards the first major technical zone at the August highs / 100% extension of the late-November advance at 2029/42- look for a larger reaction there IF reached. Initial support rests with the August high-day close at 1936 backed by bullish invalidation at the monthly open (1821). A topside breach exposes...
Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed,...
Good news for goldbugs: GC Gold futures is projected to take out $2,000. Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved. Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality ...