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Five golden rings perhaps?
No this is not the fifth day of the 12 days of Christmas carol, but the first day of an historically bullish trading opportunity for metalheads’ favorite precious shiny.
Since the introduction of GLD back in 2004, the ETF has seen a 13-4 record of bullish closes in the December to January OpEx period (i.e. First open following the close of trading on the 3rd Friday in December, through the end of trading on the 3rd Friday in January).
Now let’s compare that to the overall record this century for the underlying gold futures contract.
Since 2000 the gold futures continuous contract for the same December to January OpEx period has shown a 16-5 record of bullish closes.
In both cases, that’s a greater than 75% odds of a bullish close.
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I have another potential “outside the earnings window” trade today.
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