emperius
Short

Long Put IAU May 15 '20 $14 Put @ $0.15

AMEX:IAU   ISHARES GOLD TRUST ISHARES
Volatile market. GLD too expensive, high premium. IAU excellent alternative.
Shorting Gold for IAU $140 Strike at $0.15. GLD / Futures approximately high 140's.
Order cancelled: Option Expired on 05/18/2020

Comments

It think now may be the time to short gold (my idea uses my own indicator to predict significant moves, and it seems to be down, https://www.tradingview.com/chart/IAU/U5nfBYqt-IAU-analysis/)
+1 Reply
emperius TradersForecast
@TradersForecast, Got in too early, gold will eventually drop this summer.
Reply
@emperius, according to my own indicators it may start falling soon (but it's also possible that it makes another top before falling). We'll see. I also looked at TLT/GLD (since my indicators show that both would fall) and shorting TLT seems a better option that gold at this point (and TLT indeed fell today). I entered at 167.53.
Reply
emperius TradersForecast
@TradersForecast, Yes, a drop may begin this week. Incorrect timing on my end, got in too early.
Reply
@emperius, it happens to everybody...
Reply
The fed printed 4 trillion since jan. Why on earth would you short gold?
Reply
TradersForecast Adrianpopescu
@Adrianpopescu, maybe because it's oversold.
Reply
emperius Adrianpopescu
@Adrianpopescu, Indeed, although equities and gold may rise concurrently, we may see a drop this summer.
Reply
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