Wanting to get Long Exposure in Gold (Short Term)
Updated
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.
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.Comment
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.Comment
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.Comment
1900 GC1! soon. As the world is fighting Covid, the inflation is bound to happen.
Uday C Santhakumar
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