November 5, 2024

I have no idea which way the election will go…or what the ensuing weeks or months will bring, but I do know I want to be short this commodity, that, no matter what happens, Wall Street’s geniuses are overwhelmingly touting as “a surefire bet to go higher.”

That ain’t the way this game works.

“REGARDLESS OF THE WINNER?”, i.e., “No matter what happens, Gold is going higher?”!!!!

A NORMAL 20% drop will take it down over $500 an ounce…And as I have previously noted, that IS the way Gold trades…In a way, it is THE mob psychology market…and fundamentals, in my opinion, have NOTHING to do with its swings…It’s all about money chasing it (at the top)…and then running away the real “surefire bet” ends up being the short side.

There are also December options, with shorter time but more leverage…where the 2650 put is about $1500…With my opinion being that this contract is NOT just going to drift lower…that everybody who could possibly be a buyer is ALREADY on this…and drop about as immediately straight and fast as any market ever does…$1500 for the Dec 2650 IS an attractive bet…Might be a total loser…but the flip side is it could go VERY big.

All yours…Get in touch if you’re interested…And BUY BONDS too…

Buy Low. Sell High.

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Gold, Bonds