PL/GC

spreadem said:
Yes I'm still in. I bought in @ -16 and @ -46. I'm about back even now after being way underwater. Playing for the spread to expand upside when metals complex make a bullish move. Lately metals complex has been weak.
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U shud be up now....if u scaled in at -46

I was waiting for the flushout to end...now i am scaling in....will look to do more -30 ....ultimately your avg is better than mine...but i didnt have to deal with the falling knife....
 
spreadem said:
Yet another down swing in this trade ... I'm just expanding my time horizon.
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After widening to -60 the spread is starting to come in, helped by metals forming a bottoming chart formation. The april spread has about 20 days to trade.

I started out thinking the PLJ/GCJ could go back to 0.0 by now... still -30.0 puts me in the profit zone.
 
I rolled over from PLJ/GCJ to PLN/GCM. The spread is still -55 to -60 zone because of overall metals complex weakness. It will take metals complex to bottom and turn higher for the spread to go our way. Since we can't predict the future we just expanded our time frame. We'll wait ... it'll take time but we don't get out until we profit.
 
Here is the hi/low calculation for PL. Gold is weak.
PL-apr-may.png
 
PL/GC ratio is at .90 which is near 3 year lows. We're rolling from PLN/GCM to PLV/GCV. We also added one more PLV/GCV at -110.
 
One of the worst trades I ever made was buying that spread when PL dropped from 2.0 x GC to 1.8 x GC. That was a multi year low at the time.

I feel for anyone who gets sucked into this trade. Best to just leave it alone.
 
garachen said:
One of the worst trades I ever made was buying that spread when PL dropped from 2.0 x GC to 1.8 x GC. That was a multi year low at the time.

I feel for anyone who gets sucked into this trade. Best to just leave it alone.
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My time frame is multi-month.
 
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