What play did you do this week?
Hey everyone,
I was wondering what type of plays you guys had this week towards Bernanke's speech tomorrow.
How are the traders playing it? Straddles?
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I'm buying gold on any dip.
buy commodities
Gold traded on 2x avg volume and finished at the high's. This momentum in precious metals could continue this coming week. Buying calls and implementing bull put spreads would be wise trades, if you ask me.
market has been buying rumor... I would say sell fact during this week with the ECB. If they don't have a plan that is amazing and not some crock of sht that kicks the can further, EUR will drop like a stone..
PMI numbers are also beginning to come out for all the major countries.. keep an eye on these.
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