Friday, January 28, 2011

SHORT MARKET, LONG GOLD?

If it looks like the three markets will close below their 10 day MA's, you might want to consider buying puts on the DIA, SPY, and QQQQ and calls on the GLD. With all the unrest out there, we could see a pop in gold. You could also add silver by buying calls on the SLV. I don't see the buyers yet as we go into the last hour of the market. Let's see how this thing closes.

No comments:

Post a Comment