Hold your gold purchase until March 26th
derryb
Posts: 37,703 ✭✭✭✭✭
With options expiring Friday March 26th and a hefty number of options at the $1,100 level this would be a great time to catch a good dip in the gold price.
No Way Out: Stimulus and Money Printing Are the Only Path Left
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Comments
<< <i>Thanks for the heads up! but isn't everyone going to spend all of their cash before then, on the Boy Scout commems?
They made them in gold?
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>What dip price do you expect? >>
$1078.31 give or take a penny.
Seriously, don't know for sure, but I am expecting an opportunity to backup the truck.
No Way Out: Stimulus and Money Printing Are the Only Path Left
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Finger is on the trigger... >>
As the OP said...keep your "finger of the trigger" until after this week.
( $118 billion in Treasury Auctions this week )
If you must do paper I would recommend it only be kitco.com pool account. Easy in, easy quick out 24/7. For short term players I would choose kitco.com pool account over physical. I do hold some silver and palladium in kitco.com pool account but monitor prices and news daily.
No Way Out: Stimulus and Money Printing Are the Only Path Left
...just not sure which sept....
If there was a sure fire way to profit at each expiration, it would tend to stop working after three or four such games. Any statistical edge is likely to be a tiny one. Often times expiration day goes opposite of the bias from the last time. However, that is a lot like betting on red on the roulette wheel just because there were two black's in a row. The human mind can find patterns where there are none.
Life is good.