We were a little early on our GLD Sell Signal of Apr 24th. Nonetheless, the Sell is still operative and in fact, a fresh breakout to the downside has occurred with today's gap down Open. Jun expiration puts can and should be added to the arsenal, looking for a 4-5X, minimum, on this GLD move into the $270's. GLD Hourly It's a little early in wave development but as of now, it looks like an initial move lower into the $270's is imminent. Something more dramatic, i.e., $250's or lower, will be our next target after an ABC retracement of initial wave down. Initial trade basis April 24th PRO Alert GLD Jun 20th Puts New tracking trade as of May 1st
