As the dust settles from the FOMC non-event and TSLA's remarkable earnings report, i.e., remarkable by Elon's share price projection over next three years (upcoming Weekend Update will have a complete review), today we are met with Silver and Gold both up close to 3%. As traders, immediate takeaway is to buy Silver and/or Gold calls, and lay in wait for our next tranche of TSLA/TSLL calls. So be it. Trade Alert: GLD Buy Signal...Pending Both Gold and Silver spiked up 3% to their respective highs today and we have to err on the side of not missing the boat for a new leg up. Our entry requires a confirmation of a new uptrend by a clear close above those spike highs. For GLD we will be buying the Apr 17th $265C on any GLD close above $260 in the days ahead. Looking at Fib extension levels, GLD has the potential to be at $300 by April expiration, which would equate to a 5X to 7X return those calls. Worth the risk (hard 50% stop). For new members of this service, and those of us who are memory challenged, GLD was one of our brightest stars in 2024, with returns in the 500% to 700% range. Like I said, worth the risk. GLD Calls - March/April 2024 GLD Options To be bought on a GLD close >$260, target = GLD $300, so waiting for confirmation will not detract much from option returns. CHARTS Gold Futures GLD
