General Options Blog

GOLD DUSTed

GOLD bears get looked upon with as much, if not more, disdain as those uber stock market bears, who only know how to draw red arrows on their charts, and continually call for severe market correction.  The experts, the 'Pros' want you to buy Gold for protection against the unknown.  It's a 'safe haven' from the turmoil around the globe.  War?  Buy gold.  Lehman Brothers Collapse?  Buy Gold.  Central Banks embarking on unprecedented policy?  Buy Gold.  JB wrote a great piece on it last year.

Gold worked out well from the financial crisis until late 2011.  Since then its been a slow methodical free fall, with no support in sight.

Keep Reading

Buy American

Seems like everything you buy today is made some where else.  Is that why I am buying American Express into earnings?  No.  I love the chart.   $AXP has been a great trade in the past.  But since then $V $MA $COF have all moved higher and $AXP has been stuck.

I think it gets unstuck.  I am in $79.50 calls.  I am buying American......Express.