Precious Metals Trading Call - weekend spike?
Precious metals have performed very strongly and we may be approaching a good profit take opportunity, with a plurality of potential catalysts this weekend providing for a short term trade over the weekend:
1) USA Government shutdown.
2) Potential USA military actions vs Iran (or elsewhere), assuming Trump's recent preferred timing over weekends for such events.
3) Minneapolis escalation - it has been brutally cold and snowy weather the last few days and is due to moderate, alongside if being a weekend. We could see increased people on the streets.
It's not improbable several or all of these occur simultaneously, leading to a classic buy the rumour, sell the fact trade on gold and silver, onmonday, in particular call options on both.$SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$
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