After A Corrective First Quarter, I look For Gold To Shine For The Remainder Of 2010.
MY ANALYSIS
Fundamentally, GOLD should shine for the remainder of 2010 due to Chinese buying, a weaker USD, and inflationary fears.
Technically , we see the UPWARD trend in GOLD still very much intact. See weekly chart below.
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 A FREE OPTION BASICS REPORT 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- “All you need is ignorance and confidence; then success is sure.”
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 DIRECTION.
