SPDR Gold Trust Offering Possible 9.29% Return Over the Next 8 Calendar Days

SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 9.29% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $9.15 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.

The RSI indicator is at 71.94 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for SPDR Gold Trust

Saturday, January 11: Today in Gold and Silver
Sat, 11 Jan 2014 13:31:00 GMT
TheStreet – The precious metal equities have a good day. No changes in either GLD or SLV. Short position in GLD drops 20 percent. No change in SLV's huge short position. Big in/out movements in both gold and silver …

Fool's Gold Report: Bad Jobs Report Sends Metals Soaring
Fri, 10 Jan 2014 23:46:09 GMT
Motley Fool – Gold closed in on $1,250 as weaker-than-expected job growth sent the entire precious metals complex higher. Find out more about the moves here.

These Two Charts Say Everything Right Now About The State Of The U.S. Consumer
Fri, 10 Jan 2014 23:44:15 GMT
StockTwits – We are about to show you two amazing charts that have wide-ranging implications on the markets and each of the major indexes. They were shared by @KimbleCharting and @Inst_Insider. In the first chart, …

Bullish Gold Bets Hit Seven-Week High
Fri, 10 Jan 2014 22:15:01 GMT
The Wall Street Journal – Speculators are betting that gold will shine in 2014, as bullish bets on the yellow metal jumped to a seven-week high.

The Biggest Threat to Gold Isn't ETFs — It's Emerging Markets
Fri, 10 Jan 2014 20:37:00 GMT
Barrons.com – In 2013, exchange-traded fund investors were gold's bugaboo. The more ETF sellers, the lower the price of gold. But what if gold's biggest threat now isn't hot-money ETF traders, but the very countries …

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