Dear Undefined,
Donât look now but gold is breaking all-time highs and now trading above $2,000 an ounce.
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A weak dollar
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The Fed printing money to support the economy
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The fear of inflation
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Fear and uncertainty aka safe-haven buying.
These are just a few of the reasons why weâre seeing the price of gold take off.
And you know what?
I do think gold prices will continue to trade higher.
The economy is in bad shape, and weâre going to need the Fed and the governmentâs financial support to ensure we see a recovery fast.
As long as the Fed is committed to stimulating the economy⦠then you can expect to see gold prices rise...
Iâve made over $10M in career trading profits.
I wouldnât call myself a gold bug.
If I do plan on participating in the gold rally, itâs going to be through the stock market.
You can do that through a number of different ways.
The most popular include ETFs like GLD and the Gold Miners ETF (GDX).
However, I rely on my proprietary options scanner for ideas.
For example, yesterday it pointed me towards some large and unusual options activity in Golden Star Resources (GSS) .
What is it that caught my attentionâ¦
Well first off, the overall activity.
You see, on an average day you wonât see more than 138 calls of GSS trade. However, yesterday more than 3500 traded.
Thatâs a jump of more than 2,584% in call options activity.
Was there any action specifically that stood out?
You better believe it.
Early in the afternoon a trader blasted off:
1681 GSS Feb $5 Calls
They Paid $0.65 Per Contract
For A Total Of $109K In Premium
Now, that sounds like a solid trade for a swing.
But when I am hunting down trade candidates from my Dollar Ace Scannerâ there is a specific set of criteria which must be met.
Without completely revealing what they are right here and now. Allow me just to hint at a few of the considerations:
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The type of option bought (in,at. or out-the-money)
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How that option was purchased
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When do those options expire
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What was the total spent
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What was the volume relative to its average
It might sound complicated, but I have it all programmed into my scanner.
In fact, I have programmed the scanner in such a way⦠you donât have to be an options expert to use it to make money.
Regular folks use it every day, and from the feedback I receive on social media, quite a few of them are making money from it.
Anyways, [I want to show you how it works.](
[Register here and see it for yourself.](
The Dollar Ace Scanner is one of my favorite tools for generating trade ideas. And itâs responsible for some of the biggest winners Iâve had this year.
[Do yourself a favor and sign up here.](
Kyle Dennis
[Special](
RagingBull, LLC
62 Calef Hwy. #233, Lee, NH 03861
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