... for a 2.66 credit. Comments: High IVR/High IV (59.8/35.2). Some more "little stuff" in that 45 DTE wheelhouse while I wait for other things to come in or require management. Metrics: Max Profit: 2.66 Buying Power Effect: 2.34 ROC at Max: 113.68% 25% Max: .67 ROC at 25% Max: 25.19%
MACRO - Gold is not only benefiting from the prospect of rate cuts but the added uncertainty of lingering inflation concerns given the latest CPI/PPI numbers. If FOMC's rate cut looks anything like ECB's Gold will outperform in the week(s) ahead. TECHNICAL Gold has broken out of a tightening range and volatility is expanding. This trade set up will be valid...
I was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ; I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The...
Fundamentals: Bricks buying and geopolitical tensions have kept Gold price elevated pulling up the silver price with it. I believe the Bricks meeting this Sept to be a selling event given that all of the purchase goals (for now) will be met by the meeting. Gold is the stronger of the two metals. I am leaning short Gold but I think silver has more downside...
AMEX:GDX Bull Flag Daily Chart 📊 AMEX:GDX is showing a Bull Flag on the daily chart—a classic pattern that could signal continuation to the upside. Keep an eye on potential breakout levels! 🚀 #GDX #Gold #BullFlag #TechnicalAnalysis #Investing #Finance #MarketTrends
Watch this video if you are trading gold. With a perfect Flag formation and a deep washout-low rotation, we need to see Gold rally back up to near $2540 to reach the Apex level again. Any continued price weakness will show Gold may be attempting a deeper pullback after reaching $2570. I believe Gold will settle very well into the end of the day. Possibly even...
Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete. The recent panic setoff by the BOJ unsettled the markets - including Gold. The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold. I believe Gold is about to make two very big moves to...
Prepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again. The next upper target area is $2560++. Watch this video and consider what I see as a structural Flag formation. Gold will continue to attempt to move higher - but it will do so in structural price waves. If you are holding any open long positions, be prepared...
This short update highlights what I call the "Kamala Shakeout" - which is uncertainty and fear driving market trends over the past 48+ hours. Be prepared for a sudden and aggressive move to the inside in metals as uncertainty fades. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin...
This short video shows how my GOLD Cycle Patterns are set up for a broad upward price move in Gold/Silver over the next 5+ trading days. If you've been following my Plan Your Trade videos (for the SPY/QQQ), you'll probably love these Gold Cycle Patterns and my metals research. Some people continue to comment that my research is "Spot On". I tend to agree, but...
It could be a HOT summer for the gold and silver bugs And the speculators in the mining sector! WPM ( formerly Silver Wheaton #SLW) Has a broken out of a inverse head and shoulders Two targets provided Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes...
I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better). Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains: 1. $46-$20 (56% loss) in 2 weeks (June-July) 2. $20-$40 (100% gain) in 4 weeks (July-August) 3. $40-$50 (25% gain) in...
I don't think it's quite their time yet, I see a fall, a month of meandering, before launching and hitting my green target.
It's time for precious metals to take a cooler. I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think AMEX:DUST is worthy of buying at these levels too - except they don't have miners, but I see a...
It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for...
Gold is double topping, will fall into the summer, before taking off. If we over-extend lower to the $2,000 level, then it'll be in fall that gold takes off. Taiwan war cancels this plan. A birdflu pandemic doesn't.
Did you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and...