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TFC Commodity Trading Forum

adding puts to my collection

right now oct. gold 1650 puts are trading at 6.2/6.6 bid ask

for $650 bucks one has a shot to make $15,000 on a $650 investement (total risk) if my thinking has even a chance to be correct.

expiration 3 weeks from Tue.

Silver 34 puts are around .16 ($800)

We have a good shot at collapsing to $30 by expiry (same as gold)
Would be worth $20,000

Another good risk/reward ratio....

Food for thought as we approach the end of the week before a long weekend with the dollar still basing and all the extended hype for a dollar crash...

AND gold 'attempting' to put in a double top on a parabolic trajectory.....