August 22, 2017

I Have the Gold Bug

I just purchased a few contracts in GLD. I follow Tim Knight and think highly of him as a technician and when I saw that we were thinking the same about the state of GLD I decided to purchase a few puts. Unfortunately, I was only able to buy three puts before GLD moved away from my limit price ( I typically never chase).

Here is the trade:

GLD Trade

GLD Trade

I will be back later with a follow-up on my trades.

Happy trading,