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TFC Commodity Trading Forum

Re: Aug Gold/ Remains in its Channel/Trades

Hi Trades,
Thanks for taking the time to write this.
Our posts "passed on the wire" !!!
As mentioned, the data I was looking at was incorrect.

We had a 50 point dip in CZ today and I don't think a 50 point bounce to the upside with the ongoing drought is unreasonable either. But, looking at the Cz option prices posted later, I doubt I would want to fool with it. Maybe being this far into it, I should just pick a "strangle, say 4 strikes out" and see how a paper trade works out.

We'll see. I only have 2 hands and have other work to do !!!!

I notice that Gc is slowly going south now ......

Thanks, Lee