135/125 Put Spread Gold is sky rocketing while Trump and Friends are making some progress with the Chinese SPY is rising on good news so is the SSE and gold is plummeting Put Spread $3.8 Cost (PRICEY) 10 point spread. $250 max loss max gain is $310. Max loss is possible if GOLD keeps rising but since its sinking could be good for me.
Put Spread on RGLD Cost is expensive. $2.21 5 point wide, exp nov 15. Max gain will be $3.21 and max loss is $150, $100 gain if Its in a money on both spreads. Target exit will be $114
Pullback, price tightening, uptrend,...inflation . Per Dalio, this is the end of the long-term debt cycle. Long gold and silver long term $SIL, $EGO, $KGC, $KL, $FNV; shorting the $IYT and $IWM on pops (day trades) Near-term Risks: trade deal with China and/or lowering of interest rates
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes...
This would be the sexiest stock at the bear right now if it could wear a thong. Nice upside. Higher highs on track with gold and higher lows based on the uptick in gold volume. I would load up on the low end of the range and unload near the top. Rinse and repeat.
RGLD is trending apart from the SPY its not overly effected by the market movement, Breakout past $80 holding till $90 Bought a call Strike $80 at 2.45 exp jan 18 with a stop at 1.25.
Usually wouldn't even waste my time on a chart this ugly, but it was a toss up between posting the failed breakout of $DXY vs a legitimate contrarian play if you like buying at the very bottom. If the drawings look a little too extra - they're not. I've seen this pattern on a regular basis when I was either too quick on a jump to short (but ripped my hair out...
Trading in fibo levels range
RGLD(daily chart). Potential Inverse H&S. (Watch) Stabilization on minor H&S, break of Neck_Line.
In a number of past posts I have referred to RGLD as "the accurate canary" because it leads almost every move in gold and the mining stocks. It has been tracing out a bottom, but yet to breakout and give the all clear signal that we are off to the races. Now that it has just filled the gap from last Friday mornings upward spike, I am going out on a limb and...
Monthly not much, but I'm bullish biased
In a couple of my recent posts on the precious metals, I indicated that RGLD was a great leading indicator of what to expect. I hoped that it would show a coming bullish breakout, instead it accurately reflected this latest smash to the downside! Once again as I hope and believe a bottom is in place, I will defer to the "canary" and let RGLD guide me on my next...
Last week in one of my posts I discussed how RGLD acts like a canary as far as telegraphing moves in gold & silver and the mining stocks. After showing great relative strength and making recent highs it went into a pullback. Yesterday, it had a false start and gave back much of it's move. Today it is starting to chirp. A print above 91.75 means it should break out...
I believe an Upside Explosion in the precious metals and especially CDE could begin as soon as tomorrow! I am often a little early but in the case of CDE I see 15 cents of possible downside and $15 of possible upside. BUY. Chartsmaster