Hi Goldnice and Matt/Steve, I just got some shares of IAG
from this newsletter alert, as it said long, but its pulled
back . I bot at 2.48 and if you guys like it, may scale in
more at 2.30 ?where do you think the target to sell would be short
term if it bounces up. just don't want to take loss on it or
i will write a covered call. what's puzzling is at end of
day, iag went to short.
imelhoe - regarding IAG, it needs to get going here, I don't
want to see it lose the 2.21 the last higher low. Currently on the
60 min it has a doji and the MA ribbon is pinching from a bullish
configuration - this is the area it needs to get going if it's
going to go up. HMY and KGC also sport dojis on their 60 min time
frames. Currently gold is down $10 tonight, gold and the stocks
have been Vish moves both down and up, daily charts are next to
impossible to trade, 60 min, 15 min etc are better
Posted by goldnice on 28th of Mar 2020 at 08:10 pm
I have options on GDX CDE and SLV that expire in Jan 2021.
And i also have options on SLV and GOLD that expire in Jan 2022.
Looking to add to the 2022 options if we get one more big
pullback. Also i buy a few puts in every options campaign that i
engaged in. Basically like a strangle strategy. You want a big move
in either direction and you want some downside insurance because
even though i have a strong conviction on the direction of these
call positions you just never know.
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My current view on the
Posted by goldnice on 28th of Mar 2020 at 05:56 pm
My current view on the gold and silver market. I posted this earlier on my stocktwits account.
Hi Goldnice and Matt/Steve, I
Posted by imelhoe on 29th of Mar 2020 at 05:50 pm
Hi Goldnice and Matt/Steve, I just got some shares of IAG from this newsletter alert, as it said long, but its pulled back . I bot at 2.48 and if you guys like it, may scale in more at 2.30 ?where do you think the target to sell would be short term if it bounces up. just don't want to take loss on it or i will write a covered call. what's puzzling is at end of day, iag went to short.
thanks for any guidance guys
imelhoe - regarding IAG, it
Posted by matt on 29th of Mar 2020 at 10:16 pm
imelhoe - regarding IAG, it needs to get going here, I don't want to see it lose the 2.21 the last higher low. Currently on the 60 min it has a doji and the MA ribbon is pinching from a bullish configuration - this is the area it needs to get going if it's going to go up. HMY and KGC also sport dojis on their 60 min time frames. Currently gold is down $10 tonight, gold and the stocks have been Vish moves both down and up, daily charts are next to impossible to trade, 60 min, 15 min etc are better
Thanks Matt for feedback! will
Posted by imelhoe on 29th of Mar 2020 at 10:32 pm
Thanks Matt for feedback! will watch on suggested timeframes
Goldnice, options how far out?
Posted by mdgfain on 28th of Mar 2020 at 06:10 pm
Goldnice, options how far out? 1 year?
I have options on GDX
Posted by goldnice on 28th of Mar 2020 at 08:10 pm
I have options on GDX CDE and SLV that expire in Jan 2021. And i also have options on SLV and GOLD that expire in Jan 2022. Looking to add to the 2022 options if we get one more big pullback. Also i buy a few puts in every options campaign that i engaged in. Basically like a strangle strategy. You want a big move in either direction and you want some downside insurance because even though i have a strong conviction on the direction of these call positions you just never know.