Reddit Posts
1 Month Update/Retrospective on broken wing butterfly/condor strategy.
Histogram Insights on 1-15 Day Returns Across Various Assets
GLD move after Bitcoin ETF approval
Deciding REITS for my portfolio. But lack the confidence in knowing how to valuate each choice.
GLD (Gold ETF) Jan 2026 OTM Long Call. Good idea or not?
Lower Cost ETFs: SPY vs VOO, QQQ vs QQQM, GLD vs GLDM, etc
US and Venezuela agree to prisoner swap because US knows Venezuela is about to invade Guyana and the US will have to intervene. Long oil
Thoughts on gold and silver as a trade
Doubled account. What next?
Starting my investing journey. Gonna put 40% each in VOO and QQQM and 20% into GLD so what is everyone’s opinions on these?
Starting my investing journey. Gonna put 40% each in VOO and QQQM and 20% into GLD so what is everyone’s opinions on these?
Diversifying a portfolio that is heavily correlated with SPY
GLD briefly pulled back to the 180 head and shoulders neckline this morning.
Grid Metals Announces Final Drill Results from Donner Lake Supporting a Maiden Resource Estimate by the End of June
Stock suggestions for quick gains and long term holding
GLD Trade Analysis: Are You Too Dumb To Predict Stock Prices? Me Too.
Inflation To Moon On Supply Side Risk
The Advantages of Futures Options Trading over Stock Options: I Increased My Profits 4X
The Advantages of Futures Options Trading over Stock Options: I Increased My Profits 4X
Gold and Gold Miners are about to RIP FACES!
Thoughts on this? Could this lead to a GLD gamma squeeze?
Precious metals, miners give up recent gains as banking fears ease (NYSEARCA:GLD)
Gold shines through the chaos as investors seek safe haven (NYSEARCA:GLD)
Banks are a melting pot and SAfe heavens are back.
Can the Fed really dare not raise rates next week? Who would have thought that gold could rise 6% in a week?
Can the Fed really dare not raise rates next week? Who would have thought that gold could rise 6% in a week?
Miners rise with gold and silver prices on bank sector worries, jobs data (NYSEARCA:GLD)
Anyone invested in a gold or other commodity ETF?
Gold books best week since mid-January as dollar, Treasury yields pull back (NYSEARCA:GLD)
Q3-Q4 Blood Bath? How to play stock Armageddon?
Gold slides below $1,900 after stronger than expected U.S. jobs report (NYSEARCA:GLD)
Gold and silver prices seen rising this year, analyst survey says (NYSEARCA:GLD)
1.1 million people are dead from covid-19. What's next for the economy, stonk prices, interest rates and gold prices?
Gold climbs to best level since April as greenback, Treasury yields slide (NYSEARCA:GLD)
GDXU, JNUG, GLD going to the moon!!!!! I am up 108% in 3 months!!!!!!!
Looking for alternatives to GLD ETF for European investors
Study finds that COVID was the leading cause of death globally in 2021
BREAKING NEWS: Study finds that COVID was the leading cause of death globally in 2021
How does this EMP look in terms of stability and viability?
The progress on inflation using pairs trades
Stop pushing $SPY and $VOO as the answer to everything.
2022-11-09 Wrinkle-brain Plays (Mathematically derived options plays)
2022-10-10 Better Tasting Crayons (Mathematically derived options plays)
2022-10-04 Better Tasting Crayons (Mathematically derived options plays)
How to Fight Russia with Gold and Oil
I derive pleasure from market pain🌈🌈🌈🐻🧸📉=📈🕺
no one can tell me this isnt peak diversification
Central bank net purchasers rise for third consecutive month $GOLD $GLD More Net Buyers Of Gold Then Sellers
Why Gold is The Best Play | Hint: Not Because of A Recession
Trinary Event Horizon - The Fed Has to Choose - Bet The Farm on Tech or Revive Volcker
Unsolicited Technicals post FOMC Update
Gold Is Holding Up as Stocks, Bonds, and Crypto Plunge $GLD, $GDX, $GOLD
Both bonds and gold have been resisting the last few days of selling, and if March 2020 is anything to go by, that is a very good sign for the market.
Week of 6-13-22: Most Important Charts #004
Week of 6-13-22: Most Important Charts #004
Mentions
Woops sold my GLD 304c for .01 and now it’s .35
VIX up, SPY up, GLD up, everything up
Took a nap and woke up to UNH and GLD pump. Is this real life? What did I miss?
GLD refused to leave the 300s and is steadily marching back up
Going back in on GLD calls. Take me to $315 plz
You have an investing account? Learn as much as you can about personal finance, debt, investing, and compounding returns. At your age I would really advocate for a heavily weighted portfolio of equities. Leveraged ETFs if you can stomach it. Something like TQQQ but QQQ if you really don’t want leverage. Hedge with GLD, ZROZ, and CTA. Those are precious metals (gold), long term US treasury bonds, and managed futures respectively. They serve to hedge your main position of equities and provide dry powder when equities are down.
Loading up on these easy printing contracts this week…. 7/3 SPY 620C 🚀🚀🚀🚀 7/3 GLD 310C 🚀🚀🚀🚀 7/3 NVDA 165C🚀🚀🚀🚀
Dollar getting smoked. GLD calls it is
I'm so glad you responded the way you did, sounds like you really want to learn. I almost offered you something else in my last post, but I thought it would come off a bit presumptuous. Books are still the best way to learn things; as a teacher you know that. This one is solid, and well-reviewed on Amazon: Options for the Beginner and Beyond, by Professor Olmstead of Northwestern University. You'll probably recognize that as a very prestigious university. And Olmstead was The Options Professor for 10 years, running a website and newsletter and whatnot. Anyway, you don't need to read a lot of it to learn what I posted before: **Read Chapters 1 through 6,** which gets you to LEAPS. Just 52 pages. (Call options a year or more out are called LEAPS, but they're no different than any other Calls you buy, like the one I described in my 1st post.) Then **add Chapter 14**, Covered Calls. That's just 5 more pages. You'll have it all read and re-read on the flight over. What broker are you with? If Schwab, open the ThinkOrSwim platform, and at the login pick the Paper Money side. Then practice, practice, practice. It works just like the real money side. I'm almost all-in on gold with about 50k, and I don't hesitate to recommend it. GLD is good, IAU is cheaper. In Paper Money it won't matter (trade in a Margin account, not IRA; select at the top center if I remember right). Buy some LEAPS Calls, sell Calls against them. Get the mechanics of it down. Figure out the leverage like I did above. Calculate potential ROIs as I did above. One thing I haven't mentioned about CCs is to take them off at half of max profit. Maybe you already know that. Right after you sell them, set up a Good Till Cancelled (GTC) Buy To Close (BTC) order. That automates things and takes emotion out of the closing decision. If/when the short Calls are challenge, **read Chapter 7**, Assignment Anxiety. Learn why you don't have to be afraid of that for quite a while. Try to roll when the Delta of the short Calls gets to 40, and certainly by 50. Always roll for a credit, even if tiny. Where are you going in Spain? My wife and I are retiring to Alicante province next spring. East coast, below Valencia.
GLD needs to drill back to the earth where it came from.
I almost bought GLD / SLV calls at close last Friday but didn’t lmfao
Okok but what does this mean for GLD?
Tomorrow GLD shines and UNH drops back to 300-301 as per usual? Probably.
I don’t even get the point of the BBB or the desire to “own the coastal elites.” Fuck with my money. I’ll make more. I’m a smart individual. I’ve been farming GLD since March. If you’re a “rugged individualist” blue collar worker, this is your pig to the slaughter.
VGT & GLD would have been the winning ticket the past 10 years.
r/LETFs spilling over to r/investing 🤣 My exact strategy but I implement GLD, BTC, and CTA even in the full leverage portfolio.
Great. What ETFs cover copper? Not copper miners. Anything like GLD?
If you want to see true wealth do SPY OR SPX divided by GLD (gold)
P.s. I forgot this KEY point, 2x now. Both GLD & IAU are based on the same spot price. Again, enjoy GLD, but IAU is superior
Invest & options, IAU is superior. Puts on GLD. Calls on IAU.
GLD is better for options. This isn’t a long term investment sub
Gold ETFs are a great IRA asset, but as a daily active hold...lol, no. Also, it's overdue its routine dip, even as overall market continues upward march. Also, for gold ETFs, why do you imbeciles hold GLD, which has a higher expense ratio and is based on gold reserves held exclusively in London. Over IAU, which is yes, cheaper, and held in multiple international locations. It's just because the ticker is GLD, ain't it. Wendy's fries are GLD too 🤡
Can GLD dump some more thru next week? Ty
Zero hedge had an article the other day warning you about $GLD stop losses triggering this. Gold hasn’t made sense for a while so I ended our trading relationship. Congrats though. I should have listened to Zero Hedge per usual.
If anything GLD Options with how its priced gives you literally 0 room to exit if you're wrong even the slightest at open.
Yea I follow it closely to both buy/hold as a portfolio stable and I also trade around it because although it’s volatile, it has been a little less so since January. I wrote [this post](https://www.reddit.com/r/InnerCircleInvesting/s/uvN6mvrYb6) earlier this week looking at the beta of $GLD in comparison to the S&P500 - a few days in, I am wrong though.
Exactly - I added more $GLD on Wednesday and will just hold it through a bit right now. Read it wrong but the nice thing with gold is that it likely will come back soon.
I’m going to challenge you, as it seems like you are making this seem more than what it is, a gamble that paid off. > The reason for the entry was clear, I've been tracking GLD lately and noticed that it's in oversold territory to some degree. Okay? What signal did you see yesterday that told you to buy 1DTE puts?? You were obviously right, but thinking gold “oversold” and translating that to 1DTE puts is quite the jump, no? >With the significant volatility in the gold market, I saw an opportunity. I'm always looking for a quick bounce or stabilization, which is why I chose puts. And that opportunity was a quick gamble? >Based on my analysis of support/resistance levels What timeframe? 24 hour chart? 5 hour chart? 1 week chart? >and overall market sentiment What chart do you use for this? >The setup is clear and straightforward. Is it? Really? >It's always important to keep an eye on timing and momentum I agree, it totally is. > maintain a flexible exit I don’t think that is true, and I think most people would say that you should have an exit strategy before you enter a trade.
do you think there is more downside to be had on GLD?
Thank you for your question! To clarify: I'm bearish on GLD. when I say “oversold”, I mean that GLD has fallen significantly and I expect it to continue to fall in the short term, not bounce back up. The “bounce” I refer to is a rapid decline in price (which makes puts more valuable), not calls. My goal was to capitalize on the short-term downward momentum, hence the use of puts. I hope this clarifies some things! Thanks for your feedback.
Thank you for your question! To clarify: I'm bearish on GLD. when I say “oversold”, I mean that GLD has fallen significantly and I expect it to continue to fall in the short term, not bounce back up. The “bounce” I refer to is a rapid decline in price (which makes puts more valuable), not calls. My goal was to capitalize on the short-term downward momentum, hence the use of puts. I hope this clarifies some things! Thanks for your feedback.
So is GLD now oversold, or do you see further downside?
I see your play, and nice! But I don't understand your words: were you bullish or bearish? One would think bearish, since you bought Puts, so you wanted/expected GLD to go down. But you said "oversold," which usually means one expects buying pressure: GLD goes up, Puts go down. You also said you were looking for a "bounce," so again, bullish. And "stabilization" doesn't help Puts or Calls, only neutral trades like ICs. You made a trade and you got a good outcome, but it's not clear from your words that that was your thesis. Thoughts?
I will continue to follow GLD but will not necessarily trade and must be prepared to adjust to what is happening. We can talk if you need to.
Are you still trading GLD next time? Care to share your plans for next time?
Good luck with your GLD holdings, man! It's always wise to hedge, especially with the volatility in gold. Europe's demand for gold to return has certainly added some interesting pressure to the market. If it leads to a tightening of supply, it could generate more bullish sentiment. Keep an eye on any short-term price action as well, there could be some nice volatility! If you have any interesting insights, we can discuss them together!
AH bullhonky on everything rn...GLD what the helly
Hi, thanks for replying. I'm always up for a good discussion. (I'm 61 and have been using options for a few years, and stocks, ETFs, and Mutual Funds much longer. Just to give you an idea of who I am.) "Time loss premium of the **long** Call"? I'm not following. "The entire point of a poor man's Call is that you can exercise it to cover your short Call." I dunno, maybe? For me, the point of the long Call is to act as a *stock substitute*. Then since we should all mostly be selling CCs against *stock* we own, we should go ahead and sell CC's against this long Call. That's how I view the PMCC, anyway. I guess you and others may view it differently. A "stock" position with extra juice from CCs. And most people can't sell naked Calls, hence the "poor man's" way of getting into them without having to buy shares. Sorry, I wasn't accusing you of not posting Deltas, it's just that in that one specific reply I couldn't tell. When you made the post it would've been self-evident, because you and the OP knew the price of GLD. Later here you say you're aggressive on PM**CC**s, and that's what it looked like to me with those strikes (265/285). More on that in a minute. 30-delta CSPs at 30-45DTE, that's pure TastyTrade, and I'm with you on that. Though I lean hard on 30 days, and will often do 28. 20-delta on "real" CCs: why? TT says 30 there too, I think. So as not to lose shares? I roll CCs so I don't lose shares. OR long Calls. I know there are 2 camps on rolling, and maybe you're in the other one? Which might be why you said you never buy back short Calls (or Puts) for a loss, you accept assignment. Two camps on that too, I guess: those who do that, and those who roll. What specifically do have against selling another Call further out that pays for buying back the current one? (Which is what rolling is, of course.) The long Call went up more than the short Call did, so it's not locking in a loss on the overall position. It's just selling more time premium against that (now more-valuable) long Call to allow time for the short Call to either time-decay to where it can be bought back, or for the stock to pull back and suck extrinsic value out of it that way. Lots of ways to skin a cat, of course.
Sold SPY covered calls and GLD puts at EOD... let's see how this plays out.
Professor, I read a reply of yours recently where you said you've made money month after month for over 5 years, so I'm digging through your posts to see what you're up to. I came across this, and you gave a goog explanation of the PMCC. I trade GLD too, so that's another reason I read it. I wish you'd have put Deltas in your explanation, rather than strike prices that now 3 months later we can't put in context. But it does sound like you'd buy at 80-delta, so I was glad to see that. I wanted to challenge you a bit on your last paragraph though: >God forbid it does go above your monthly strike price, you can exercise your long call to cover the short call with minimal loss. Two things: 1) This trade is NEVER a loss. In fact, it's Max Profit for how you set it up. Buying back the short Call hurts, but the long Call went up more, so what you feel you 'lost' on the short you more than gained in the long (because of their Deltas). 2) We never EXERCISE a long Call because it still has time premium in it that you forfeit Even up to the last week, and even if it's fairly deep ITM, it's going to have at least a little bit of time/extrinsic value. I don't know if you'll ever see this, but I wanted to clarify those two points for anyone who might come along later.
You know this market operates on what hedge funds believe to be true and not reality right? I need to look deeper at the data but what I "believe to be true" is that every time VOO tanks GLD rockets and I've reduced the carnage. Interested to talk to you in DMs tho, I haven't gotten to the point of doing any kind of backtesting. But idk feels like a random walk. Past data is no indication of the future. We could draw down 20% on SPX and everyone flocks to IBIT next time because the president said to who the hell knows.
GLD calls on sale, if this is the beginning of 🥭 rattling off tariff tantrums into July.
Yooo VIX crewing up slowly - July tariff deadline gonna be explosive for VIX I’m just getting VIX and GLD calls that’s it and rest cash gang
Bought calls on the last they GLD was green.
I miss when GLD used to be green
Dollar tanking and gold price going down? Mhmmm…. What to do here? 🤔💭 GLD calls it is!
GLD gonna bounce so hard it’s scary
GLD going down with DXY down doesn't make sense. Imma buy more.
Well, I'm up 500% this week, so I'm done... 💥 thanks, GLD, for the 10× lotto puts I bought on a whim yesterday after the huge spike (303P for 30$ and sold for 330) 🫠
GLD crashing because Bad Company stole all the gold
GLD actually going below $300 today
GLD crashing because the real target at Fordow, what's in those Iranian bunkers, and what got moved out on that huge truck convoy is a metal a lot more important than uranium. It's all about gold, you guys.
GLD crashing cause rate hike soon?
GLD absolutely CRASHING
Can we get a bit more pump and stability to bring GLD down another 20 to 30 points?
Dollar is losing value compared to other currencies. So that's what's happening. Look up $GLD, it's up 25% YTD. That tells you that markets are not roaring, dollar is tanking.
Hey, Us dollar is loosing its value extremely fastly. Something is going to crash. I don't know what. The only safe play for me is GLD.
GLD and GDXJ is all I'm really interested in.
AAPL, GLD In case you were wondering why these two are dead, I am holding calls. They don't expire till December. Do what you will with that information.
I did the same thing. All the administration's rhetoric pointed to reducing US exposure. Increasing isolationism + loss of trust from allies + pressure to increase NATO military spending: invest in European non-US defense spending (EUAD and KDEF) Dollar devaluation: protect uninvested cash with foreign currencies, precious metals, and safe foreign-denominated bonds (FXE, FXF, FXY, GLD, IGOV) My cash alone has outperformed VOO over the past 3 months. If a cult of unchecked loudmouth lunatics hellbent on getting their way tell you their plans: believe them.
Watching GLD go up with SPY. Some one is fucking lying
Still mostly in GLD but feeling FOMO bad
If he doesn't I will genuinely full port in...to GLD.
Absolutely. Sold any investment less than 2 years old at the end of January. Moved about half to GLD, V, and Brk. But kept a lot of it liquid. Since big taco day im back to buying into the market monthly. Protected gains, stayed in defensive investments, started buying in again after the stupidity. Super easy. I just wonder why several of these investing and stock subreddits get filled with these posts every time the SP500 gets close to where it was on inauguration day. It’s like scripted or something.
Remember NVIDIA insane growth. And TSLA. If more and more market share will be outside US manipulation influence the GLD will keep rising.
I'm underwater in GLD, fuk that shite
If you don't own GLD are you even playing?
Yeah, GLD has been flat since hitting an ATH April 19th. I'm ready for it to go up again. After the bombing of Iran I thought surely it would go up on "war in the Middle East fears," but it did nothing. Frustrating.
Genuinely inflation and forex. Dollar has lost value vs bucket of fiat, bucket of fiat has lost value vs basket of goods. SPY VS GLD has yielded -25% over the last 180 days.
Hi everyone, I’ve been learning about investing over the past few weeks through YouTube and articles. I’m still a beginner and have made a few changes as I understood more. I’d really appreciate your honest feedback on my current setup. I’m 32 years old and investing for the long term (5–20 years). My goal is to grow wealth steadily and eventually build passive income. Here’s my current portfolio based on a €120/month investment plan: VWCE – 40% (€48) IS3N – 12% (€14.40) LOCK.DE – 12% (€14.40) ZPRG – 12% (€14.40) IDVY – 8% (€9.60) XAIX.DE – 10% (€12.00) 4GLD / IGLN – 6% (€7.20) Would love to hear what you think. Does this look balanced? Anything you’d adjust? Thanks!
What makes investing so hard is that it's \*both\* about having an edge and about managing your own emotions. You cannot need succeed unless you have both of these ingredients. One way to determine whether or not you have edge is to compare your own performance (without using leverage) with a plain-vanilla diversified fund. Consider a portfolio with 50% bonds (AGG), 30% SPY, 20% GLD. It sounds very simple, but it has performed very well over decades of data. The returns are about 7%/year and the maximum loss is -15%. Being a long-term investor in such a portfolio requires no personal edge (the edge comes from time), but requires only psychology. This means being able to sit still and watch it grow slowly over long periods of time. Perhaps start there and then work your way up?
I think many people have this idea that there is a binary outcome: either status quo or apocalypse. I think it could be somewhere in between. So far I am only holding GLD/IAU as a hedge against further dollar devaluation. The bullion depository location vary but include London, NY, and Zurich. Anywhere short of collapse of the financial system or something like a war preventing redemption (and thus accurate market value) of the ETFs, physical gold is probably inferior to paper gold. For me, GLD has been great in reducing volatility in my portfolio which has been good psychologically.
There are also GLD / GLDM if you want to invest in gold without worrying about the physical aspect
You already have too much exposure to mag 7 holding American ETFs so not sure why you want more of it. Consider gold or foreign market for diversification? I made so much money from GLD and EWY this year
GLD making a local bottom it'll never hit again. Get in under 306 for the last time!
But the gold held in your name, say in GLD ETF, is still there, right? Unless trust in paper records breaks down completely and you can't make your claim. In that case, I think we have much bigger problems and even holding physical gold may not help.
GLD 0307312C feels too obvious with how it has pulled back today
GLD has anal gaped me. The good news is my calls are until 2026.
Bought GLD calls, can we pls start the war already
I bought bullion in 2001 and haven't transacted since. At the time, physical PM ETFs (like SGOL, CEF and AAAU) didn't exist. The gold has kept up with the S&P 500 over the past 24 years, the much smaller silver investment has lagged. Physical metals are insurance against collapse of the paper metals markets, and more generally, fiat currencies. The metal futures exchanges underlying the paper ETFs only have reserves covering a tiny fraction of the value of ETFs that hold only futures contracts (GLD, IAU, SLV). In the past couple of years, a number of "whales" have stood for delivery on the LME and COMEX, withdrawing gold and silver to be transferred to their own vaults. This is frowned upon by the exchanges, but for foreign central banks or billionaires, can be a cost effective way to accumulate or to arbitrage between the exchanges. The interval between standing for delivery and actual delivery has lengthened from days to months. Ultimately, when there's *no* physical underlying the futures exchanges, the ruse will be up. What's the value of GLD or IAU then? I think selected precious metals miners are better investments than physical PMs now, and that where my interest has been for the past year. I'm planning on selling a portion of the gold (eagles) and all the silver (pre-1964 coins) and when the prices hit targets well above current, more for rebalancing than for need. And yes, one can walk into any coin shop and get a price near spot for them. I bought for small premiums above spot (\~$280 and 4.80/oz, respectively) 24 years ago, but at present, coin shop bids above spot are a pipe dream, due to short term market imbalances (Americans are liquidating their holdings, even as Chinese and Indians accumulate). Should individual investor demand return in the US (as during the pandemic and in past PM cycles), the premiums will as well.
Physical is guaranteed. GLD is still paper equity. Could be fake and drop 30%
does anybody here buy those physical gold bars from costco? why buy that instead of GLD? 🤔
Lord. I went for GLD and XOP thinking it’ll pop this week. Guess, it is done
If you haven't "bought a book in a store" (or read one from your library), you don't understand options yet. Youtube alone isn't going to get you there. Here's a book that's very solid, and very approachable. It's written by a Professor at a prestigious university. It may not the absolute best, but it's far from the worst. Mainly I offer it to people because I was able to find it online as a pdf. But it's still for sale, and has [4.6 stars on 25 Amazon reviews.](https://www.amazon.com/Options-Beginner-Beyond-Opportunities-Minimize-ebook/dp/B088X17JMB/ref=sr_1_1?crid=VGOXF6172ZGQ&dib=eyJ2IjoiMSJ9.QrinpjzLfMn5tHdtQfR3QXS3EtR2hU2RQ1OpByf1iFoHSpaTjOqGijL1ucPMrc4J6W5-xHf4TEuIDKMjWx8LxaEYZp0u9oCmOpOCZmpRbap95qn-2elD61Y-JR3HQaXbiPD2N8JLls8G1Md13Wf7t1zARryrj0aV_ID7M_Uz73gws8Xn8qZ2evKACrj0ZsaoSMR6mUoRJ_KThQx_wTIIjJIdB7-Q3QiF9AtK8uCMZew.xMjY_bftdlZZpBufztSmUXJz7JwxeK2LYP3znNecDdg&dib_tag=se&keywords=options+for+the+beginner+and+beyond&qid=1750708938&sprefix=options+for+the+be%2Caps%2C167&sr=8-1) If you like the pdf, consider buying a copy to support the author: [Options for the Beginner and Beyond,](https://www.r-5.org/files/books/trading/schoolbooks/W_Edward_Olmstead-Options_for_the_Beginner_and_Beyond-EN.pdf) by Professor Olmstead of Northwestern University. Don't let the word 'Beginner' turn you off; the 'Beyond' part is beyond what you or I as retail traders need to know. . Would you mind if I offered you some direction? Take it or leave it, but after trading options for 4 or 5 years and trying all the strategies, I've come back to the one I should've started with. Do you buy stocks now? If so, why? Because you expect them to go up, right? So do that with options, think like a longer-term trader by buying Calls. Calls at 80-delta, a year or more out. Those are called LEAPS. Read Chapters 1-6 of the book, skipping over Puts for now. By Chapter 6 he's gotten you to LEAPs. Only 52 pages, should take you only 2 or 3 hours. But read every word, understand every concept. *You're setting yourself up for financial success for the rest of your life.* Take it seriously. Buy a LEAPS call at 80-delta on a solid company or ETF. (Gold is good; GLD is my favorite for liquidity, but IAU is cheaper.) Have you ever sold Covered Calls against stocks you own? We should all be selling CCs against our stocks. Read Chapter 14, Covered Calls. *You can sell a Call against a Call you own*, it doesn't have to be 100 shares. It's called a Diagonal Call Spread. If the long leg is a LEAPS though, they call it a Poor Man's Covered Call, same thing.
XAU gonna bust $3400 then we watch GLD run 🏃♂️
GLD rocket before end of close