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I’m sure some would agree it couldn’t happen to a nicer bunch, but these accidental beneficiaries of Covid are taking on some very serious heat, even though they seem to have established for themselves a subscription service for this crap.
Good morning, everyone, and welcome to a new week. This weekend clearly didn’t have the drama that last week did, although people were anticipating much worse. I suppose this is the reason that gold went absolutely ape on Friday, and near its peak, I bought GLD and GDX puts. These two positions are the only ones which expire this year (32 days from now), so for me it’s relatively time-aggressive, but – – so far, so good. There was a nice gap down (arrow) and we’ve already burned off some of Friday’s zeal.
