What do you think about gold?

Discussion in 'Learn how to trade or invest by asking questions' started by farmerjohn1324, Apr 11, 2017.

  1. farmerjohn1324

    farmerjohn1324 New Member

    What are you opinions on investing in gold right now and why? And what do you think is the best investment vehicle for this?
     
  2. Acstudio

    Acstudio Well-Known Member won penny contest 44x won weekly contest 40x won weekly contest 41x simulator winner 20x

    I'm long gold but I'm always selling premium against it to reduce cost basis. GLD is probably the most liquid straight gold play without using futures.
     
  3. Sophie Bouvier

    Sophie Bouvier New Member

    In my observation, Gold has been on its good peak today. Especially that its been on its five weeks high.
     
  4. Swetrade1230

    Swetrade1230 New Member

    What are you looking for when you sell premium? Can you go on and do that all the time or do you have to wait for the right moment?
     
  5. Acstudio

    Acstudio Well-Known Member won penny contest 44x won weekly contest 40x won weekly contest 41x simulator winner 20x

    Number one is liquidity. If I can't get filled within a penny or two off mid price, per spread, I don't trade it. After that I trade primarily monthly options unless it's a binary event like earnings. I start out as close to 45 days to expiration as I can and I look for high Implied Volatility. When I pick a direction it usually is because I think something is at a price extreme and I'm going against it....meaning I short things that are going up and go long on things that are going down.
     
  6. Swetrade1230

    Swetrade1230 New Member

    Sounds good! When you said you sell premium against your long position in gold does it always mean you use the same strategy?
     
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