Special Situation - Gold is Breaking Out

As illustrated in the two charts below, Gold (GLD) and Gold Miners (GDX) are on the cusp of major long-term breakouts. We are adding both to our trading portfolios, in all time frames, while awaiting fresh buy signals. Within the Gold Mining sector the following stocks are all exhibiting similar chart patterns:  AEM, AU, BVN, GFI, GOLD, NEM, NG, PAAS, RGLD, SA. 

Gold ETF (GLD) Weekly

Gold Miners Index (GDX) Weekly

The breakout above these long term trend lines occurs above $131 for GLD and above $25 for GDX, both basis weekly closes, and will support going long with intermediate term calls. The trade ideas below are not Blue Line System trades (which have their own signal generation pattern), but are based upon an assumption that GLD and GDX will continue higher after the breakouts at or above the same degree of ascent as of the past month. Both ideas have the potential to return several hundred percent in the next 60 days. 

GLD Aug $130 Calls (currently trading around $3.50) 

GDX Aug $25 Calls (currently trading around $1.00) 

 This trade idea is based upon geometry, not geopolitics. 


Blue Line Trading Service PRO - Short-Term (Weekly Option Expirations) 

The new PRO Service is based upon shorter term (1-2 week) signals that are averaging less than 3 days to reach an initial profit-taking level of +35%. There are spots still available in the service. Go to this link and type in GOPRO@50% for a 1/2 off first month trial subscription ($124.50): Blue Line Pro Sign-Up




Nothing in this site should be construed as a solicitation or offer or recommendation to buy or sell any security or to make a transaction. The information contained herein is assembled from sources that are believed reliable, but the accuracy of data or advice cannot be guaranteed. Past performance does not guarantee future results. No chart, strategy, or tactic guarantees gains or losses. No assurances can be given that objectives will be met. AllanTrends, LLC, its officers, staff, and clients may or may not invest in the funds or stocks and/or in the proportions shown in the Newsletter, web site, or otherwise. All investments involve risk.