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Looking for the Failed Breakdown in Gold

With the recent weakness in precious metals, I thought it would be a good idea and put out a bullish trade setup in $GLD.

If this condition fulfills I would be looking to sell puts in $GLD and a handful of $GDX components. $RGLD comes to mind.

Check out the video below for my thoughts.

by Steven Place

Steven Place is the founder and head trader at investingwithoptions.com/