OPTIONS PLAY: GOLD Pops On Bullish Economic Data

In A Reversal Of The Traditional View When The Economy Shines GOLD Does Too.

MY ANALYSIS

Fundamentally, based on the best ISM report since 2004 here in the U.S., great manufacturing numbers in China, the U.K., India, and many other Nations, and a solid GDP number last week I am BULLISH on this recovery. If the view that GOLD is an agressive play as oppossed to the traditional view of a safe-haven, prices should retest the previous highs of $1200/once in the coming weeks and months.

Technically, the mid to long term UPWARD trend is still intact based on the 2 MA's below. See Weekly Chart Below.

OPTIONS PLAY

JUNE GOLD-1105/OUNCE

OPTION EXPIRY-MAY 25TH

BUY JUNE 1200-1250 CALL SPREADS

We also buy in a 3 to 1 ratio an outright CALL for protection in case the market makes a MAJOR move against us.

FOR 25 PROVEN OPTION STRATEGIES CLICK HERE: http://www.zaner.com/3.0/mmck.asp

WE ARE ALSO BUYING OPTIONS IN U.S. 30 YEAR TREASURY BONDS, SILVER, GRAINS, SOFTS, and OIL.  

THE BEST SERVICE I CAN OFFER YOU AS MY CLIENT IS WHEN TO GET IN AND WHEN TO GET OUT!

Call or email me with your phone number for a detailed explanation of the strategies 312-277-0115 or  mmckinney@zaner.com.                               

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions