Today, I’m going to break down a trade that I recently recommended in my free webinar, which I host every Tuesday. If you watched, listened, and placed the trade, you got a really nice next-day win!
But if you missed out, read on, because I expect this trade to continue for a long time!
Every Tuesday, I host a live, free webinar where I comb through the markets, look for trading opportunities, and take your questions.
This week, I actually scheduled it a little later, at 7:00 PM (usually we go at 5:00) because I was flying to Jacksonville to meet up with some other great traders.
My flight was smoother than I expected and I could have almost done it at the normal time. But I did get to spend a few minutes catching up with great traders like Rob Booker, Markay Latimer, and even Lance Ippolito!
Anyway, after I was done, I went up to my room and sat on my bed with pillows wrapped around me to improve the sound quality, and I did this webinar!
And while we were talking through the markets together, I mentioned a setup I really liked on GOLD.
Now, just to be clear, GOLD is the ticker symbol for Barrick Gold Group, it’s not the commodity gold, although the two are heavily correlated.
It’s a similar relationship to those between the miners and cryptocurrency, i.e. MARA or RIOT are likely to climb when Bitcoin climbs and sink when Bitcoin sinks.
In any case, I saw GOLD as a potential longer-term trading setup with some short-term upside, and I called it out to the folks that were with me on the webinar.
Let me just say, I hope you were there! Because here’s what happened next:
The very next day, GOLD climbed almost two dollars per share!
And it’s still climbing Thursday morning! (I’m writing this a little early because I’m flying back home to Knoxville today.)
It’s a nice move, for sure, and I hope you caught it!
But the good news is if you missed out, I actually have a longer-term setup in mind for GOLD.
I’m picking the Jan. 2023 $23 strike price on-call options for GOLD.
And that’s a long-term trade setup that you can still get into if you’re interested.
Some of these trades I find in the weekly webinar will set up and fill a lot faster than that, though, so I hope you take advantage and join us next week!
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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