Dear Member,
| Recommendation: For every $25,000 in equity you are trading …
1. Buy 5 January 2015 SPDR Gold Trust ETF call options with a strike price of $155, symbol GLD150117C00155000, at a price of $4.00 or better, good till cancelled. Alternative if not trading options: Buy 200 shares of the SPDR Gold Trust ETF (GLD), at $131.50 or better. When filled, place a protective order to sell 200 shares of GLD at $113.90 stop, good till canceled. |
Time to make a move. After briefly pulling back yesterday, gold is up nearly $10 this morning. The next move should see it head toward $1,400, then even higher to major resistance at $1,445.
Therefore, it’s time to add some options to leverage the potential here.
I recommend buying the above January 2015 call options on the SPDR Gold Trust ETF, the most liquid gold ETF, with the most liquid options.
One hour after you receive this issue, I will act on the above order, in a separate account, for which you will be able to see my trade confirmation, assuming the order is filled.
Please stick with the above limit order. Do not chase the market or bid it up. If the order price needs to be revised, due to market action, I will advise accordingly.
If you are not trading options and wish to add more positions to your account, I recommend buying 200 shares of GLD, per the above alternate. Note that this will not give you as much leverage as the options, but it will add more firepower for you. Place a protective stop per the above instructions.
Stay tuned. I may soon elect to add some insurance to this position, and add a bullish position in silver.
Best wishes,
Larry
