Jun 082009
Ok guys, as I briefly mentioned a couple of days ago — I think it may be a good time to look at selling some calls or credit spreads on Gold. The October contract looks good, somewhere around the 1500 strike. For those with a higher risk tolerance, you could sell naked calls, and for those who like some air-cover, you could work with ratio spreads or credit spreads.
I’m not (at the moment) as fired up as the Gold lovers are who are forever trying to convince everyone that Gold needs to be above 1K.
I just don’t see it at the moment, and am not inclined to buy into the notion that “the world is going to end”.