One of our star performers during the first half of 2024 was Gold (GLD) and I've been waiting what seems like forever for a clear pattern recognition re-entry Long into this great trading Gold ETF. We have it his morning as GLD is breaking out of its Feb-Mar parallel channel: GLD Each break above the parallel channels over the past year (see chart below) has resulted in a minimum 10% run higher in the immediate 60-90 days thereafter. That would put GLD above $300 by Jun expiration. May GLD Calls We will be tracking the Jun $275C in the PRO Options portfolio, but I've included some attractive May expiration strikes for the more speculative traders. Jun GLD Calls Any strike in this table has 3X to 5X potential on a 10% move higher in GLD. You know the routine: Risk 50% to make 3X to 5X. $300 is minimum expectation, Fib extension says: $312-$358.
