Buying Swing: buying swing GLD 120 Sept Puts at .75-.59 OVER
Posted: Fri Sep 03, 2010 1:27 pm
Buying Swing: buying swing GLD 120 Sept Puts at .75-.59 OVERSIZED. this is my initial entry in a new swing trade and am terming bearish GOLD as we see positive market sings, Now if we see positives in financials next then we can see even more of a bearish gold stance. I see gold as a big bubble and every time it gets to high resistance areas as they have and we have reason to believe that the economy may be catching positive traction then the gold flight to safety trade I believe should lose traction.