Time to Go Long Gold AGAIN $GLD $NEM $WPM

GDX and WPM are tracking close to each other.

NEM however is weaker.

So, I am hoping to build a position for a Long trade AGAIN in the Pullback. This time it will be for a longer duration.

评论:

ThinkorSwim is hurting my ability to scan or manage my positions.

Running blind here, so cannot update optimal adjustments or any such. Sorry.

评论:

Time to hedge this long exposure. Short term Hedge so, we dont let our options expire.

1. Buy Iron Condor for 50-50
2. Set up Put Back Ratio Spread (For a Credit or as close to $0)

Primarily because USD (DXY) shows bullish sign, could rally $97. If so Expect GLD to drop to 165.