cashcow04

ABX Bullish Rebound?

NYSE:ABX   BARRICK GOLD CORP
27 0 0
REALLY tempted to jump on some June 3rd Weekly Calls with this nice wide hammer dandle off the 50 day MA. BUT, too much econ news Thurs/Fri this week and i don't want to get trapped. Yellen speaks Fri             and could give more validation to a June rate hike and Gold             will plummet to the bottom of the sea. Might have to lay off the Gold             trade until after the FOMC on June 15th. Not worth the risk.. Plus the IV of options right now are somewhat pricey at 50% +. Better steals out there in my opinion.
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