UDAY_C_Santhakumar

Wanting to get Long Exposure in Gold (Short Term)

Long
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
All these are for a short term long exposure. GDX has sold off significantly.

Ofcourse, if you are long GDX, you are betting against the market. So, do not treat this as a position trade, But like a hedge. What do I mean. If you are long a bunch of spread in the Equity sector, You can hedge them by getting spreads on Gold and Bonds.

Building an exposure here is a hedge on if the Market shakes out in the next 2-3 weeks. Your GDX and its component will make you money.

NUGT - Do not Enter naked option positions.
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Gold is testing the weekly expectations. So I wouldnt panic if there is a PB.
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Gold is trading bullish beyond expectations for the week. Watch for a pullback, (trade it too) It could come back to 1740 by tomorrow to chill.
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Thanks to @a.tesla2018 for helping me scripting this indicator for me.
Please visit him for some crazy Statistical indicators. If you dont like my index rating, he has a better one.
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Out of Gold Future Trade.
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There is GOLD GC1! breaking out. Volatility to be expected.

As Inflation fear kicks in, Gold will run.
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I am out of the last position I took on these. DUST didnt move much, but a hedge is a hedge and should be taken out along with your main positions.

I will probe for more trades and setup soon.
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From Jun 19th - The breakout follows through. This is good and bad news for the economy.
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1900 GC1! soon. As the world is fighting Covid, the inflation is bound to happen.

Uday C Santhakumar
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