I have gold pulling back to the $1690 ish area for a Y (4) if
you like Elliot waves. Then we should push much higher.
Gold and Silver are Bullish but will have some deep
corrections along the way. What I do. Is have a core
position in each (GLD and SLV) and when I see overbought conditions
on the Daily, I buy put options atm a month to two months out and
collect on the the pullbacks. In addition to that - I have
been accumulating Jan 2022 $15 Call options on SLV for three
months now.
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I have gold pulling back
Gold as a percentage of global equity portfolios is still ...
Posted by ssaffer on 15th of Apr 2020 at 10:06 pm
I have gold pulling back to the $1690 ish area for a Y (4) if you like Elliot waves. Then we should push much higher. Gold and Silver are Bullish but will have some deep corrections along the way. What I do. Is have a core position in each (GLD and SLV) and when I see overbought conditions on the Daily, I buy put options atm a month to two months out and collect on the the pullbacks. In addition to that - I have been accumulating Jan 2022 $15 Call options on SLV for three months now.