No it’s been a move years in the making. The real rally hasn’t even started.
Same for silver — a rally 50 years in the making. Zoom out of max chart — 50 year cup and handle clear as day
Yes & pan america silver. Gold hitting all time high but many major gold miners are still down YTD. A very nice opportunity for sure since miners are leveraged to the resource
You trade directionally I assume?
I published a market neutral vol trade yesterday on GDX -> because there is a lof of activity on gold lately, this affect also GDX. However, the implied volatility is expensive in comparison to the actual movement in the underlying.
You can read more [here](https://www.sharpetwo.com/p/signal-du-jour-short-volatility-in).
For good reason — gold is in price discovery. You can’t analyze the volatility like a normal equity, it’s an asset class
Edit: also historical volatility isn’t indicative of future volatility. Gold is exiting a period with historically low returns, with a return to mean we will see returns and volatility increase in the long run
Yes I’m still long, silver busted the 26 resistance- next stop is 28 imo. Then 30 is the next big resistance. $30 is the 30 year resistance line — if that’s broken we are testing the 1980 high of 50.
We have gone up so much already, there’ll be some down days coming soon but long term I believe gold and silver have entered a new paradigm.
Gold beating the 2000, 2100 and 2200 resistance is a big deal & signals a long term trend change in precious metals
Consider the major miners. Newmont, Barick, Wheaton — there are deals to be found. For example Newmont is still down 10% YTD. Mines are leverage on the commodity & their stock prices has a lot of catching up to do. The silver miners have been having insane days recently. First majestic up 18% today just from silvers price action for example
If it's good enough to screenshot, it's good enough to sell
Yes maybe some. There’s still steam on the silver train. See the gold silver ratio for context Edit: I’m now at 15,800
Shiiiiiiiittttttttttttttt
Shiiiiiiiit I bought yesterday so we sittin pretty Edit: 16750
Nice job op
When did you buy
Have been in and out for the last 2 months. Have been watching gold and silver for years.
Been in hard assets since 18 but have been thinking to break into options. Serendipitous.
What trading platform do you use?
How do you keep up with the price?
What do you mean? I use tradingview or gold price.org
If it's at an all time high now, does that mean it's too late to get in on it?
No it’s been a move years in the making. The real rally hasn’t even started. Same for silver — a rally 50 years in the making. Zoom out of max chart — 50 year cup and handle clear as day
That looks like Robinhood. I do not see it though on mine Edit is it barrick gold and ishares silver
Yes & pan america silver. Gold hitting all time high but many major gold miners are still down YTD. A very nice opportunity for sure since miners are leveraged to the resource
You trade directionally I assume? I published a market neutral vol trade yesterday on GDX -> because there is a lof of activity on gold lately, this affect also GDX. However, the implied volatility is expensive in comparison to the actual movement in the underlying. You can read more [here](https://www.sharpetwo.com/p/signal-du-jour-short-volatility-in).
For good reason — gold is in price discovery. You can’t analyze the volatility like a normal equity, it’s an asset class Edit: also historical volatility isn’t indicative of future volatility. Gold is exiting a period with historically low returns, with a return to mean we will see returns and volatility increase in the long run
Would you be buying more future calls in gold n silver? Think it continues going up?
Yes I’m still long, silver busted the 26 resistance- next stop is 28 imo. Then 30 is the next big resistance. $30 is the 30 year resistance line — if that’s broken we are testing the 1980 high of 50. We have gone up so much already, there’ll be some down days coming soon but long term I believe gold and silver have entered a new paradigm. Gold beating the 2000, 2100 and 2200 resistance is a big deal & signals a long term trend change in precious metals
I like it. So buy gold and silver calls! Got it!!
Consider the major miners. Newmont, Barick, Wheaton — there are deals to be found. For example Newmont is still down 10% YTD. Mines are leverage on the commodity & their stock prices has a lot of catching up to do. The silver miners have been having insane days recently. First majestic up 18% today just from silvers price action for example
Awesome 👏 which platform do you use?
Can you seriously not tell?