Gold Pirce At Top Of Gold Channel
Gold chart clearly shows gold 5 year bull run. Price also has run into a wall of resistence near the 50% level and the upper gold channel line. I looked at a couple dozen gold stocks which indicate that the current up move in gold in over...at least for now.
One way to protect profits would be to buy some 'out of the money' gold puts. Or join the big boys and sell some 'out of the money' calls.
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commodity contracts on commodity options
offer huge
profit opportunities. Anytime you have the
opportunity for profit there is the opposite
side, which of course is risk. It is
possible to loss some or all of your commodity options trading
capital trading in commodities, futures and
commodity options. Please read our
disclaimer and non-disclosure
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