From the graph and because of the intensifying geopolitical tensions in north korea and the failure of the US president to get the situation under control. ( probably his own situation isnt any better with Comey's fiasco)
The dow and s&P have experienced the worse sell off since March. People are rushing to gold.
From the graph with the trendline it broke trough the 10 day SMA, trending up nicely. The next stop will be above 1400.
Long GLD/GDX using options, a mid term long strategy.
can use calendar spreads to make the cost lower, however the downside is you will cap your return.
WWW.TRADINGVIEW.COM/X/YYCP6B20/
The dow and s&P have experienced the worse sell off since March. People are rushing to gold.
From the graph with the trendline it broke trough the 10 day SMA, trending up nicely. The next stop will be above 1400.
Long GLD/GDX using options, a mid term long strategy.
can use calendar spreads to make the cost lower, however the downside is you will cap your return.
WWW.TRADINGVIEW.COM/X/YYCP6B20/