We spot a good opportunity in Gold. We will go short below $1217/oz. – 15 point target, 5 points stop.
Why: a strong Dollar will put money out of Gold - People got to nervous.
What if Gold goes up: we are not in the trade, we enter at $1217/oz. and we play the new deck of cards that comes our way.
What if I do not have a Futures Account? Trade GLD Put options or a Spread.
What if I have a small account? Trade GLD Put options or a Spread: even with $150 you can be in the trade. To learn the details, check us out at: http://neverlosstrading.com/
Monday, May 17, 2010
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