I think the fundamentals and the chart look very for GLD in the long term. As such, I started accumulating it on a monthly basis while shorting it through options. The reason being that my accumulation is for long term gain, diversification and currency edging, while my options trades, well simply for short-term return.
Look at the weekly chart; that looks like a to me. My only worry is a December rally like we had last year.
Overall, I’m expecting GLD to reach its bottom by end of march, so I opened MAR 15 Puts. The perfect scenario would be GLD reaching 100.00, in this case I would be extremely .
I'm short, for now!