Another GLD Autumn Rally?

[cactiman]

More talk about Gold today....


http://www.marketwatch.com/Story/story/print?guid=96B428F4-E7CC-11E1-A54F-002128049AD6

 

[cdcaveman]

paulson and soros are big players..

 

[cactiman]

Quote from cdcaveman:

paulson and soros are big players..

They're players?
What about Gordon Gekko?
"Blue Horseshoe loves GLD."

 

[cdcaveman]

hahah Catiman.. i love your enthusiasm...

 

[cactiman]

Quote from cdcaveman:

if you ask me it looks like a consolidating asymmetrical triangle.

An interesting article written a week ago. Talks a lot about Triangles....


http://seekingalpha.com/article/798641-battle-between-bulls-and-bears-makes-gold-etf-options-cheap

 

[cdcaveman]

You would think asyem triangles would be great option trading formations

 

[cactiman]

Quote from cdcaveman:

You would think asyem triangles would be great option trading formations

Yes, especially if they tend to make the entry prices cheaper!
A pretty cool idea concerning the I.V., which I hadn't thought about before.
Just read "typically the breakout is in the direction of the prior trend" with Symmetrical Triangles.
That would be nice for all us Call Buyers.
Anyway, I've given GLD till March to make up its mind.
Can't see it going sideways until then.
But as you know, Mr. Market will do as he pleases...

 

[cactiman]

This would be nice...

 

[cactiman]

Then again, one could argue GLD has formed more of a Descending Triangle over the longer term, with 150-ish as the Support Level.
Gulp!

 

[cactiman]

How Sweet It Is!


Added-on to GLD March 175 Call position earlier.

Another interesting article:
http://seekingalpha.com/article/818421-love-trade-cools-as-central-banks-gold-demand-heats-up