Checking in on Gold ($GOLD, $1,220.80, up $1.40), the yellow metal regained the $1,200 level last week and the major-moving averages are starting to level out following steady declines since early November. Continued closes above the $1,230 level and the 100-day moving average would be bullish for a possible run towards $1,265-$1,270 and the 200-day moving average. Support is at $1,200 followed by $1,175 and the 50-day moving average.

I love trading Gold, to the upside and downside, as my Track Records have shown over the years. I will be targeting the Spider Gold Shares (GLD, $116.13, up $0.29) as a way to play a bullish trade in Gold if shares clear $116.50-$117 and the 100-day moving average this week. A close above the latter could lead towards a run $118-$120 and the 200-day moving average. A close below $114-$112 and the 50-day moving average would stall the current momentum.

The GLD March 119 calls (GLD170317C00119000, $1.20, up $0.10) are the first options on my list as they would double from current levels if GLD clears $121.40, technically by mid-March. These options were active on Friday and open interest is approaching 3,000 contracts.

The GLD March 120 calls (GLD170317C00120000, $0.95, up $0.50) also look attractive as these options would double from current levels if GLD shares are pushing $122 by March 17th. While there are weekly call options to trade on GLD, often times the bid/ ask is wider and volume is lighter. This is why I mainly trade monthly options. The 52-week high for GLD shares are north of $131. If I take action on either or both of the aforementioned call options, I will send out a New Trade Alert.

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We are off to a blistering start with a 7-1 record to start the year with THREE triple-digit winners, including a current trade that is up a whopping 407%!

While other newsletters are talking the talk and promising you slim single-digit and low double-digit gains, we are walking the walk with two 100% winners already in the books and a current Shutterfly (SFLY) put option trade that is up a staggering 407% after shares fell 15% on last week.

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Our subscribers have locked-in 3 triple-digit winners for 2017 and there are many more to come in 2017, no matter what the market does. We have also locked-in four other winning trades to start the year 7-1. Tower Semiconductor (TSEM) was our first 100% winner, followed by another 100% return in Green Dot (GDOT). We also went back to TSEM and banked another 46% winner in 17 days.

Get in board TODAY if your portfolio is missing these types of gains. We just recommended a New Trade on MYL last Friday and we have several candidates in line to add one or two more trades this morning.

 

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