I think we are likely to see gold and silver consolidate a bit around the 20 day MA, then hopefully move higher. I will look to re-enter this trade next week.
via StockCharts.com
"
Friday, May 28, 2010
Sold the GLD Jun 110 Calls
I elected to exit this trade a little earlier than I wanted to, but these managed markets are exhibiting irrational behavior on a minute by minute basis and I am reluctant to sit on my more volatile positions over the weekend. I sold for 9.15, which yielded an 18% trade over 4 days.
I think we are likely to see gold and silver consolidate a bit around the 20 day MA, then hopefully move higher. I will look to re-enter this trade next week.
via StockCharts.com
"
I think we are likely to see gold and silver consolidate a bit around the 20 day MA, then hopefully move higher. I will look to re-enter this trade next week.
via StockCharts.com
"
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