Buying Swing: buying GLD 133 puts weeklies at .49 area gold
Posted: Tue Nov 23, 2010 11:57 am
Buying Swing: buying GLD 133 puts weeklies at .49 area gold gained on geopolitical instabilities while the international currencies pushed the dollar higher. Am taking a contrarian stance since stronger dollar could lead to a strong snap back on gold despite the flight so safety driver. A significant intraday negative is on the verge on my formulas of clearing here but has not yet cleared.