Looking for the Failed Breakdown in Gold

With the recent weakness in precious metals, I thought it would be a good idea and put out a bullish trade setup in $GLD.

If this condition fulfills I would be looking to sell puts in $GLD and a handful of $GDX components. $RGLD comes to mind.

Check out the video below for my thoughts.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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