I like GLD at this level

hajimow said:
I believe unemployment will be at least 3% higher 4 years from now when Trump leaves the office. US main issues will be :
1- How Germany should react to its personal issues
2- What color Ossie O Donald's bra is?
3- Is CNN good?
4- How we will build wall and paint it
GLD will go much much higher.
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4 - I can assure you that it will become a mecca of mural art if it is built.
 
This is the best bullish pattern that I have seen for a while. GC 30 min and daily.
FGC_30min.JPG
FGC_dailyr.JPG
 
hajimow said:
Short term obvious target is $1311.

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I'm tracking. Given the current trend and the symmetrical magnitude of the move...It could happen.

That's a single digit probability for the Feb options expiration. Of course, that all goes out the window after inauguration. That event is a major recalculation of the odds. Heck, we could wake up on Monday at 1250 or 1175 if today was the day. But since we saw things coming, it could also be a non-event. I got lotto tickets.

Wth? Your indicators say majorly bearish => RED! Look at the forward expansion of that cloud.
 
All things said, I have already sold 116 weekly CALL options on my 2100 shares of GLD. If the shares get called away, I will make good profit. If they don't, I will pocket the premiums and will sell CALLs for next week. I am doing it for many months on GLD. I do it on everything that I hold (long/short).
 
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