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Gold Support at $1200 ?
Trying to buy April Gold futures at $1208.00 with “disaster” sell stop at $1188.00. This is after exiting long June $1350 calls with loss and buying back June $1450 calls with profit. Still have short June $1400 calls to play verses long futures.
In essence, suggest buying gold at $1208.00 then sell calls for cushion.
Click image to enlarge.
Regards,
Walt
Walter Otstott
Energies & Metals Markets
Dallas Commodity Company, Inc.
The Colonnade, Building III
15305 Dallas Parkway, Suite 930
Addison, Texas 75001
(972) 387-0080
(972) 387-0018, fax
(214) 537-9750, cell
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This material has been prepared by a sales or trading employee or agent of Dallas Commodity Company and is, or is in the nature of, a solicitation. This material is not a research report prepared by Dallas Commodity Company's Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
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