GLD

Might be time to get in.

$128.70

jmo

 

Gold consolidates around $1,250/oz, more price upside likely

 

I shorted GDX yesterday on close and hedged if wrong, I would need retracement on GLD for entry.

 

I don't like it. Not a short IMO, but certainly not a buy.

 

Strictly a geopolitical call on my part.

 

Fuggit. Just bought a pile of $127.50's (calls) @ $0.99
10% easy.

Tight stop though.

 

You use stops in options?

 

I call em stops. Conditional orders. IE,.... if trade price hits X, sell at X. Or any variation thereof.

 

Okie Dokie, just wondering as I seldom use stops for most things and never for options.

 

Set that one @ .87.... holding overnight.