Tuesday, October 18, 2011

Play Gold’s Pullback With This Put Option Trade

Despite the magnitude of the late September sell-off, the big picture in gold
is beginning to look appealing again for bullish plays. The SPDR Gold Trust
(NYSE: GLD ) formed a higher swing low to keep the uptrend on the weekly chart
intact. The $155 level has also established itself as key support going
forward.

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