Selling Swing: GLL at 10.00 and GLD Mar 105 puts at 1.08-.04
Posted: Thu Feb 25, 2010 11:25 am
Selling Swing: GLL at 10.00 and GLD Mar 105 puts at 1.08-.04 . I am temporarily selling the full bearish GOLD positions GLL at a small gain from 9.81 and the puts more or less flat. Am here removing every bearish gold bet due to a multiday point of significance were a bullish and strongly bullish move could be the translation of these patterns. If we see continued strength on GOLD I would even do a 2-4 day bullish swing position. nothing has cleared yet but interesting patterns cause me to step out of the bearish gold positions for just now.