The Upward Trend In Gold Is In Full Effect On The Daily, Weekly, And Monthly Chart.
MY ANALYSIS
Fundamentally, GOLD is probably the best available non-correlated asset class. With the world’s currencies very volatile I look for more and more nations like China to buy GOLD. Couple that with Institutional and Private Investor demand and I expect GOLD prices to soar and make new all-time record highs in the coming days, weeks, and months.
Technically, I have seen GOLD in an UPWARD trend for some time on the weekly and the monthly chart. Now I see GOLD in a SUPER TREND higher here on the daily chart. While this market has clearly broken out to the upside it is over bought and should pull back to support for a breather.
BUYING OPTIONS=STAYING POWER
OPTIONS PLAY
BUY LONG TERM BULL CALL SPREADS (contact me for details)
We also buy in a 3 to1 ratio an outright PUT in case the market makes a MAJOR move against us.
FOR 25 PROVEN OPTION STRATEGIES CLICK HERE: http://www.zaner.com/3.0/mmck5.asp
WE ARE ALSO FOCUSING ON OPTIONS IN U.S. 30 YEAR TREASURY BONDS, OIL, SILVER, GRAINS, SOFTS, and INDICES.
FREE QUOTE- “My other car is a UFO.”
Call or email me with your phone number for a detailed explanation of the strategies 312-277-0115 or mmckinney@zaner.com.
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions
FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE-MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STRIKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT, OPTION PRICES MAY ONLY MOVE A FRACTION OF THE PRICE MOVE IN THE UNDERLYING FUTURES. IN SOME CASES, THE OPTION MAY NOT MOVE AT ALL OR EVEN MOVE IN THE OPPOSITE DIRECTIO
